Tomorrow PJDEV-WC will up pang pang sheng but I already sold all.
Business & Markets 2013
Written by Ho Wah Foon of theedgemalaysia.com
Thursday, 21 November 2013 20:18
KUALA LUMPUR (Nov 21): Based on company results released today, stocks that may stir tomorrow could include UMW, YTL, Maybank, DKSH, JTI, Ibraco, Far East, Manulife, JCY, APM, WCT, CBI, PJ Dev, Bernas and Time.com.
UMW Holdings Berhad announced that it recorded a lower revenue of RM3,456.6 million for the third quarter ended 30th September 2013, compared to RM3,957.5 million in the same period of last year.
The lower revenue was mainly contributed by the lower sales of automotive and equipment segments.
Consequently, the group recorded a lower profit before taxation of RM245.6 million for the third quarter ended 30th September 2013 compared to RM595.8 million of the same period last year.
The net profit attributable to equity holders in the third quarter of 2013 was RM101.5 million compared to RM299.1 million in the same quarter of 2012.
Despite this, the company declared a second interim single-tier dividend of 30% or 15.0 sen and a special interim single-tier dividend of 20% or 10.0 sen per share of each, payable on Jan 20 next year.
YTL Corporation Bhd’s net profit for the first quarter ended September 2013 rose 9% year on year to RM427.6 million.
Its quarterly revenue grew 2.7% to RM5,210.7 million, from RM5,072.1 million posted in preceding year corresponding quarter ended 30 September 2012.
YTL Corp declared an interim dividend of 15% or 1.5 sen per share, to be paid on 17 January 2014.
In a press statement, YTL group managing director Tan Sri Francis Yeoh Sock Ping said: “Revenue growth was contributed mainly by the group’s cement, property development and investment and hotels segments.”
Malayan Banking Bhd (Maybank) reported a 17% rise in third quarter net profit from a year earlier.
In a statement to the bourse today, Maybank said net profit rose to RM1.75 billion in the third quarter ended September 30, 2013 from RM1.5 billion. Revenue climbed to RM8.39 billion from RM8.01 billion.
Maybank's cumulative nine-month (9MFY13) net profit increased to RM4.82 billion from RM4.29 billion a year earlier. Revenue was higher at RM25.3 billion versus RM23.8 billion.
Maybank said it posted an annualised gross loan growth of 9.3% in 9MFY13.
Looking ahead, it said 4QFY13 loan growth is expected to track industry figures.
DKSH Holdings (M) Bhd’s profit rose 46.2% year on year for the third quarter ended Sept 30 (3QFY13), mainly fuelled by its existing clients for both consumer and healthcare segments.
The group’s profit for the 3QFY13 came in at RM17.27 million compared to RM11.81 million in the same corresponding period. Revenue climbed to RM1.29 billion, from RM1.19 billion a year ago.
For the nine months period (9MFY13), the group’s profit climbed by 28.4% to RM46.81 million from RM36.45 million last year.
The group’s revenue increased to RM3.82 billion, from RM3.53 billion for the cumulative period.
JT International Bhd (JTI) reported a slightly lower profit of RM30.8 million for the third quarter ended Sept 30 (3Q13), down by 1.2% year on year, due to decline in sales volume.
Revenue declined to RM307.3 million, from RM319.2 million in the same corresponding period last year.
The tobacco maker declared an interim dividend of 11 sen per share, tax exempt under the single-tier system.
For the nine months period (9MFY13), profit rose to RM101.5 million from RM98.3 million a year ago.
Revenue declined marginally to RM942.4 million from RM944.3 million in the same period last year.
Ibraco Berhad’s net profit made a huge leap to RM24.1 million in its third quarter ended Sept 30, from RM1.6 million in the previous corresponding quarter.
Revenue for the quarter under review rose by 119% to RM65.2 million from RM29.8 million in the previous corresponding quarter.
For the nine months to Sept 2013 (9MFY13), net profit of RM28.9 million was seven fold of RM4.2 million in 9MFY12. Revenue for 9MFY13 also increased by 62% to RM116 million from RM71 million in 9MFY12.
Far East Holdings Bhd's net profit fell 38% to RM27.58 million in the third quarter ended September 30, from RM44.51 million a year earlier. The decline came on lower crude palm oil prices and less income from associates.
In a statement to the exchange, Far East said revenue dropped to RM116.96 million from RM129.08 million.
Cumulative nine-month net profit was lower at RM49.58 million versus RM80.21 million a year earlier. Revenue fell to RM301.69 million from RM331.69 million.
Despite the lower profit, Far East plans to pay an interim dividend of 10 sen a share.
Manulife Holdings Bhd’s net profit jumped 54% year-on-year (y-o-y) to RM21 million in the third quarter ended Sept 30, 2013, from RM14 million a year ago.
Revenue also jumped 51% y-o-y to RM292 million from RM194 million.
In a filing to the stock exchange, the financial services provider said profits contributed from its investment holding and life insurance business segments were higher than the previous corresponding quarter.
For the nine-month period to September, profit chalked up RM39.6 million from RM40.5 million a year earlier, while revenue registered RM688 million versus RM555 million in the previous corresponding quarter.
JCY International Bhd reported narrower loss for the fourth quarter ended Sept 30 (4QFY13) due to lower operational cost. JCY’s loss shrank to RM2.27 million for 4QFY13 from RM3.45 million a year ago.
For the quarter, its revenue decreased to RM414.35 million from RM532.53 million.
For the full-year, JCY reported net loss of RM61.61 million, against a net profit RM427.29 million in the last financial year. Total revenue slumped to RM1.59 billion, from RM2.24 billion a year ago.
APM Automotive Holdings Bhd’s net profit rose 22% year-on-year (y-o-y) to RM36 million in the third quarter ended Sept 30, 2013.
Revenue also rose 16% y-o-y to RM329 million.
It said the higher profit was mainly due to net of tax proceeds of RM10 million from divestment of shares in one of the Indonesia joint ventures (JV), PT Armada Johnson Controls.
For the nine-month period, profit gathered to RM99 million from RM92 million a year earlier, while revenue collected RM953 million versus RM840 million in the previous corresponding quarter.
WCT Holdings Bhd's net profit rose 2% to RM41.33 million in the third quarter ended September 30, 2013 (3QFY13) from RM40.36 million a year earlier.
WCT said revenue for the quarter fell to RM418.51 million from RM441.8 million.
Its cumulative nine-month net profit rose to RM141.19 million from RM119.89 million a year earlier. Revenue was higher at RM1.39 billion compared to RM1.18 billion.
CB Industrial Product Holding Bhd (CBI)’s profit declined by 18.8% for the third quarter ended Sept 30 (3QFY13) due to lower contribution from its associates and joint controlled entities.
The group reported a profit of RM21.9 million for 3QFY13, compared to RM27.1 million a year ago.
However, its revenue for the quarter rose to RM136.1 million from RM108.7 million.
CBI declared a second interim single tier dividend of 10% per ordinary share of RM0.50 each in respect of the financial year ending 31 December 2013.
PJ Development Holdings Bhd’s net profit soared 354% year-on-year to RM30 million in the first quarter ended Sept 30, 2013, from RM7 million a year ago. Revenue also jumped 44% y-o-y to RM236 million.
The property firm said it achieved higher profits and revenues from its properties, construction, manufacturing & trading and hotel & leisure divisions.
Padiberas Nasional Bhd’s (Bernas) profit for the third quarter ended Sept 30 (3QFY13) soared 86.5% year on year to RM34.8 million.
Its revenue climbed to RM935.9 million for 3QFY13, from RM887.5 million in the same period last year.
For the nine months period (9MFY13), profit rose to RM93.3 million, from RM81.4 million. Its revenue for the cumulative period fell slightly to RM2.710 billion, from RM2.718 billion a year ago.
Time Dotcom Bhd's net profit fell 22% to RM28.24 million in the third quarter ended September 30, 2013 from RM36.03 million a year earlier.
Time Dotcom, a telecommunication firm, said revenue rose to RM131.94 million from RM110.07 million.
Cumulative nine-month net profit climbed to RM454.67 million from RM102.46 million a year earlier. Revenue was higher at RM399.02 million from RM297.26 million.