Stocks To Watch BToto, MAHB, Aeon Credit, Astro, SapuraKencana

Business & Markets 2013
Written by Chong Jin Hun of   
Tuesday, 18 June 2013 18:57

KUALA LUMPUR (June 18): Based on Bursa Malaysia announcements and news flow today, stocks to watch tomorrow (June 19) may include the following companies :

BERJAYA SPORTS TOTO BHD [] (BToto) reported a 17% fall in fourth quarter net profit from a year earlier as the number-forecast operations (NFO) entity registered higher operating expenses.

BToto said lower income from its Philippines unit had also curbed group bottom line. BToto said net profit came to RM75.63 million in the quarter ended April 30, 2013 (4QFY13) versus RM91.21 million previously.

Revenue, however, rose to RM930.97 million from RM916.13 million on higher income from NFO unit Sports Toto Malaysia Sdn Bhd. BToto's full-year net profit fell to RM384.98 million from RM405.48 million. Revenue, however, rose to RM3.63 billion from RM3.61 billion.

For 4QFY13, the firm plans to pay an interim dividend of four sen a share. This brings full-year payout to 28 sen compared to 27 sen a year earlier.

Malaysia Airports Holdings Bhd (MAHB) may be closely watched on news that its Maldives-based consortium has received a clean bill from anti-corrruption authorities there.

Bernama reported that GMR Infrastructure Ltd which was forced to give up its international airport project in Male late last year over alleged irregularities in the bidding stage, is understood to have got a reprieve from anti-corruption authorities. The reprieve has ruled out corruption in the process.

GMR had formed a 77:23 joint venture with MAHB for this project which involves the upgrade, maintenance and operation of the existing airport as well as CONSTRUCTION [] of a new terminal by 2014.

Financial-services entity AEON CREDIT SERVICE (M) BHD [] plans to diversify its income stream to include fee-based operations.

Group managing director Yasuhiro Kasai said today the fee-based businesses include electronic-money and commerce operations.

Astro Malaysia Holdings Bhd expects double-digit revenue growth in financial year ending January 31, 2014 (FY14), chief commercial officer Liew Siew Lin said today.

The pay-television operator's 1QFY14 net profit fell to RM114.14 million from RM122.28 million a year earlier.

SapuraKENCANA PETROLEUM BHD [] may be in the spotlight after executive vice chairman Datuk Mokhzani Mahathir said Kencana Capital Sdn Bhd's planned acquisition of a stake in YINSON HOLDINGS BHD [] has not resulted in conflict of interest.

Mokhzani is the owner of Kencana Capital. "There is no conflict of interest. Why would there be a conflict of interest?" he told after speaking at the Perdana Leadership Foundation CEO Forum today.