Business & Markets 2013
Written by Chong Jin Hun of theedgemalaysia.com
Monday, 25 November 2013 19:39
KUALA LUMPUR (Nov 25): Based on exchange filings and news flow today, stocks to watch tomorrow (Nov 26) may include the following companies:
PPB Group Bhd said net profit rose 15% to RM286.06 million in the third quarter ended September 30, 2013 (3QFY13) from RM249.24 million a year earlier. Revenue climbed to RM830.4 million from RM779.87 million.
The plantation group's cumulative nine-month net profit rose to RM713.53 million from RM536.16 million a year earlier. Revenue was higher at RM2.41 billion versus RM2.24 billion.
United Plantations Bhd reported that net profit fell 61% to RM39.04 million in the third quarter ended September 30, 2013 from RM100.32 million a year earlier. Revenue declined to RM212.35 million from RM308.4 million.
Cumulative nine-month net profit dropped to RM160.76 million from RM250.03 million a year earlier. Revenue was lower at RM669.88 million from RM879.13 million.
The firm plans to pay total dividends of 30.12 sen a share for the quarter in review.
These comprise an interim dividend of 18.75 sen, and a special payout of 11.37 sen.
Padini Holdings Bhd said net profit rose 10% to RM27.74 million in the first quarter ended September 30, 2013 from RM25.31 million a year earlier. Revenue climbed to RM217.22 million from RM201.06 million.
Padini, a garment manufacturer, plans to pay total dividends of four sen a share for the quater in review.
These comprise an interim dividend of 2.5 sen and a special payout of 1.5 sen.
Ta Ann Holdings Bhd's net profit climbed 9% to RM33.26 million in the third quarter ended September 30, 2013 from RM30.46 million a year earlier. Revenue however fell to RM216.81 million from RM234.85 million.
The timber firm's cumulative nine-month net profit rose to RM61.49 million from RM55.22 million a year earlier. Revenue was lower at RM567.02 million from RM587.41 million.
Ta Ann plans to pay an interim dividend of five sen a share.
Practice Note 17 entities Patimas Computers Bhd, and industrial paint manufacturer Octagon Consolidated Bhd may be closely watched.
Patimas and Octagon said earlier their shares will be de-listed unless an appeal against the de-listing is submitted to Bursa Malaysia on or before tomorrow (November 26).
Patimas and Octagon had sumbitted their appeals last Friday.
Today (25 November), Octagon has proposed to undertake several exercises. These include a planned par value reduction, rights issue with warrants, and debt settlement programme.
Bursa Malaysia had earlier warrned that it will suspend trading of both firms' shares this Wednesday (27 November) before delisting them on Friday (29 November).