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Maybank, MSM, ATA IMS, Matrix, Dutch Lady, TNB, SimeProp, Media Prima, Kenanga, Berjaya, CTOS, RCE Capital, ES Ceramics, Southern Cable, Tan Chong Motor, Tasco, Tiong Nam Logistics, 7-Eleven Malaysia, Sunway, GenM and Genting

KUALA LUMPUR (Nov 25): Based on corporate announcements and news flow on Thursday, companies in focus on Friday may include Malayan Banking Bhd (Maybank), MSM Malaysia Holdings Bhd, ATA IMS Bhd, Matrix Concepts Holdings Bhd, Dutch Lady Milk Industries Bhd, Tenaga Nasional Bhd (TNB), Sime Darby Property Bhd, Media Prima Bhd, Kenanga Investment Bank Bhd, Berjaya Corporation Bhd, CTOS Digital Bhd, RCE Capital Bhd, ES Ceramics Technology Bhd, Southern Cable Group Bhd, Tan Chong Motor Holdings Bhd, Tasco Bhd, Tiong Nam Logistics Holdings Bhd, 7-Eleven Malaysia Holdings Bhd, Sunway Bhd, Genting Malaysia Bhd and Genting Bhd.

Malayan Banking Bhd's net profit for the third quarter ended Sept 30, 2021 (3QFY21) dipped 13.7% year-on-year (y-o-y) to RM1.68 billion from RM1.95 billion earlier, due to a decrease in net fee-based income as well as higher net impairment losses. Quarterly revenue decreased to RM11.15 billion from RM13.76 billion. Earnings per share slipped to 14.41 sen from 17.37 sen and no dividend was declared for the quarter.

MSM Malaysia Holdings Bhd reported a net profit of RM96.86 million in the third quarter ended Sept 30, 2021 (3QFY21) from a net loss of RM71.21 million, mainly due to improved margins from higher average selling price, gain on disposal of MSM Perlis Sdn Bhd and gain from liquidation of excess raw sugar hedges of RM30.96 million. Earnings per share stood at 13.78 sen, compared to losses per share of 10.13 sen a year ago, despite quarterly revenue slipping 7.72% to RM548.65 million from RM594.55 million a year earlier amid lower total sales volume in the current quarter.

ATA IMS Bhd confirmed that it had received notices of termination from Dyson Operations and Dyson Manufacturing on Wednesday, while the effective date of termination is June 1, 2022. Until the termination date, Dyson and ATA shall continue to fully perform their respective obligations under the contracts. Dyson contributes 80% to the EMS player’s revenue.

Matrix Concepts Holdings Bhd's net profit grew 63.4% quarter-on-quarter (q-o-q) to RM51.79 million for the second quarter ended Sept 30, 2021 (2QFY22) against RM31.69 million in the preceding quarter. Revenue went up 46.5% to RM239.45 million from RM163.44 million in 1QFY22. It declared an interim dividend of three sen per share for the financial year ending March 31, 2022 (FY22), to be paid on Jan 6, 2022. Matrix attributed the improved earnings to the group's expedited construction activities and new property launches, as operating conditions improved while various States entered Phases 3 and 4 of the National Recovery Plan in August 2021.

Dutch Lady Milk Industries Bhd’s net profit for the third quarter ended Sept 30, 2021 more than doubled to RM20.38 million from RM9.24 million a year ago, thanks to lower cost of sales and lower other operating expenses. Quarterly revenue rose 1.34% to RM290.66 million from RM286.82 million a year ago. Dutch Lady said it is experiencing continued strong retail performance, but this was partially offset by lower sales in food service and on-the-go channels.

Tenaga Nasional Bhd (TNB) posted higher net profit at RM1 billion for the third financial quarter ended Sept 30, 2021 (3QFY21), up 22% from RM821.5 million in the immediate preceding quarter. Revenue grew 4.3% to RM12.97 billion in the quarter under review against RM12.44 billion in 2QFY21 but it did not declare any dividend for the quarter. TNB said the higher quarterly earnings against the preceding quarter were mainly due to lower net loss on impairment of financial instruments and current taxation in 3QFY21. It had also issued a combined RM3 billion worth of Islamic bonds or sukuk across four tranches of Islamic Medium Term Notes (IMTNs) on Thursday.

Sime Darby Property Bhd’s net loss for the third quarter ended Sept 30, 2021 (3QFY21) narrowed to RM15.8 million from RM359.97 million a year ago, on lower losses from its joint ventures. Losses per share contracted to 0.2 sen from 5.3 sen. The stronger earnings came despite revenue dropping 34.49% to RM388.24 million from RM592.63 million a year ago.

Media Prima Bhd’s net profit for the third quarter ended Sept 30, 2021 (3QFY21) fell 38.63% to RM7.63 million from RM12.43 million a year earlier, when there was a one-off recognition of rental rebates amounting to RM6.9 million. Quarterly revenue declined 4% to RM257.31 million from RM268.77 million in the same quarter last year, mainly due to lower home shopping revenue. Earnings per share fell to 0.69 sen from 1.12 sen.

Kenanga Investment Bank Bhd reported a 56.48% drop in net profit for its third quarter ended Sept 30, 2021 (3QFY21) to RM21.44 million from RM49.27 million in the previous year, amid weaker trading volume on Bursa Malaysia, which resulted in lower net brokerage as well as trading and investment income. Quarterly revenue fell 36.87% to RM202.65 million from RM321.01 million.

Berjaya Corporation Bhd has disposed of assets for a total of RM263.27 million, from its 30% stake in Razer Fintech Holdings Pte Ltd (Razer Fintech) to Razer Midas Pte Ltd for a cash consideration of US$53.57 million (equivalent to around RM223.89 million), its 70% stake in Berjaya China Motor Sdn Bhd (Berjaya China Motor) for a cash consideration of approximately RM13.28 million and disposed of its printing business, Graphic Press Group Sdn Bhd for approximately RM26.1 million.

CTOS Digital Bhd and RCE Capital Bhd are among 33 new entries in Securities Commission Malaysia (SC)'s shariah-compliant securities list, other notable names on the list include ES Ceramics Technology Bhd, Southern Cable Group Bhd, Tan Chong Motor Holdings Bhd, Tasco Bhd and Tiong Nam Logistics Holdings Bhd.

7-Eleven Malaysia Holdings Bhd saw its net profit decline 89% to RM1.44 million for the third quarter ended Sept 30, 2021, from RM12.92 million in the previous year’s corresponding quarter, amid the strict standard operating procedures (SOPs) enforced under the Full Movement Control Order (FMCO) which took effect on June 1, 2021. Quarterly revenue increased marginally to RM680.22 million, from RM677.48 million a year earlier. It said the performance of its convenience stores segment was adversely affected by the FMCO. Meanwhile it named Datuk Seri Robin Tan Yeong Ching as its new chairman.

Sunway Bhd saw its net profit in the third quarter ended Sept 30, 2021 (3QFY21) decline by 30.07% to RM81.1 million, from RM115.97 million in the previous year’s corresponding quarter, when there was a one-off gain recognition of RM57.5 million. Earnings per share fell to 1.38 sen from 2.37 sen as quarterly revenue increased slightly by 3.68% to RM1.07 billion from RM1.03 billion, supported by higher revenue contribution from its property development, healthcare and other segments.

Genting Malaysia Bhd narrowed its net losses to RM289.25 million from RM704.64 million for its third quarter ended September 30, 2021 (3QFY21), as its overseas operations maintained a strong recovery momentum. Earnings per sen had improved to a loss of 5.12 sen from 12.46 sen last year. Quarterly revenues shrank by 42% to RM826.27 million from RM1.42 billion last year, mainly contributed by its United Kingdom and Egypt operations (RM406 million), followed by the United States and Bahamas (RM364.2 million) and Malaysia (RM17.7 million).

Genting Bhd reported a wider net loss of RM344.55 million for its third quarter ended Sept 30, 2021 (3QFY21) compared with RM130.75 million in the corresponding quarter last year, as it saw lower earnings before interest, tax, depreciation and amortisation (EBITDA), and higher depreciation and net finance costs with the opening of its Resorts World Las Vegas towards end-June. Also contributing to the weaker quarter was its share of losses from joint ventures and associates, in particular from the Meizhou Wan power plant in China — compared to a profit in the previous year's corresponding quarter — mainly due to higher coal costs. The weakened quarter came despite revenue rising 6% to RM3.5 billion from RM3.3 billion in 3QFY20, its bourse filing showed. The group said its adjusted EBITDA for 3QFY21 was RM908.2 million, down 17% from about RM1.1 billion previously, mainly dragged by its leisure and hospitality division.


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