Get a free trial on EXPERT STOCK SCREENER!
1st time i sleep so late.
Written by Joseph Chin of theedgemalaysia.com
Wednesday, 25 May 2011 23:12
KUALA LUMPUR: Muhibbah Engineering Bhd would be one of the stocks to watch on Thursday, May 26 after it secured a RM101 million contract in Australia.
Other stocks which would see trading interest are CIMB Group Holdings Bhd, Proton Holdings Bhd, TELEKOM MALAYSIA BHD [], MALAYSIAN AIRLINE SYSTEM BHD [] (MAS) and ALLIANCE FINANCIAL GROUP BHD [] after their financial results were announced on Wednesday.
Muhibbah secured a contract worth RM101 million in Australia for the Gorgon liquefied natural gas (LNG) jetty and marine structure project.
CIMB Group’s earnings rose 9.3% to RM916.51 million in the first quarter ended March 31 compared with RM838.08 million a year ago.
Revenue was RM2.75 billion compared with RM2.787 billion. Earnings per share were 12.33 sen compared with 11.86 sen. The annualised 1QFY11 net return on equity (ROE) was 15.7%.
Proton’s net profit surged to RM61.64 million in the fourth quarter ended March 31, 2011 from only RM2.64 million a year ago, underpinned significantly by higher domestic car sales. Revenue rose 16.4% to RM2.62 billion from RM2.25 billion. Earnings per share were 11.20 sen versus 0.5 sen.
For the financial year ended March 31, 2011, its net profit fell 30.5% to RM152.14 million from RM218.93 million. Its revenue increased by 9.1% to RM8.98 billion from RM8.226 billion.
Telekom Malaysia’s net profit fell 32.8% to RM163.30 million in the first quarter ended March 31 when compared with RM242.94 million a year ago. Revenue increased by about 1.1% to RM2.148 billion from RM2.124 billion.
MAS posted net loss of RM242.34 million in the first quarter ended March 31, 2011 versus net profit of RM310.04 million a year ago due to higher operating expenses mainly due to the increase in fuel costs while other operating income declined.
Revenue was RM3.19 billion compared with RM3.30 billion a year ago. Loss per share was 7.25 sen compared with earnings per share of 10.64 sen.
MAS said the group recorded an operating loss for the quarter of RM267.4 million compared to an operating profit of RM137.3 million in 4QFY10 due to higher operating expenses mainly from the increase in fuel cost.
KUALA LUMPUR KEPONG BHD [] (KLK) posted a strong set of earnings in the first quarter, with net profit at RM373.85 million, up 73% than the RM215.93 million a year ago. Revenue also showed an increase, rising 24.6% to RM2.368 billion from RM1.90 billion a year ago.
Alliance Financial Group Bhd’s fourth quarter earnings rose 10% to RM84.93 million from RM77.25 million a year ago due to higher net income, lower overheads and lower impairment charge.
Revenue was RM270.53 million compared with RM277.56 million, earnings per share were 5.5 sen compared with 5.0 sen.