Business & Markets 2014
Written by Ho Wah Foon of theedgemalaysia.com
Wednesday, 26 February 2014 19:41
KUALA LUMPUR (Feb 26): Out of the long string of corporate results filed with Bursa Malaysia up to 7.00 pm today, companies that may attract investors’ attention tomorrow could include the following:
Water and water-related companies such as water concession owners Kumpulan Perangsang Selangor Bhd (KPS) and Puncak Niaga Holdings Bhd may continue to excite interest over news that the Selangor state and federal governments have signed an MOU to resolve the water talks impasse, and to construct Langat 2 treatment plant as well as other water-linked projects.
KPS and Puncak had risen today after the news.
Felda Global Ventures Holdings Bhd’s (FGV) net profit soared 129% year-on-year (y-o-y) to RM499 million in the fourth quarter ended Dec 31, 2013, from RM218 million.
But revenue fell 5% y-o-y to RM3.67 billion from RM3.86 billion.
FGV said it recommended a final dividend payment of 10 sen per share under the single-tier system, which would amount to RM364.8 million for the financial year ended Dec 31, 2013.
For the full-year period, net profit registered RM981 million versus RM806 million in the previous year, while revenue raked in was RM12.6 billion versus RM12.9 billion a year ago.
Unisem (M) Bhd sank deeper into the red with a net loss to RM90.8 million in its fourth quarter, from a net loss of RM19.5 million in the previous year’s corresponding quarter.
Revenue for the final quarter was lower at RM247.1 million from RM269.4 million previously.
Net loss for the year widened to RM105.4 million from RM32.3 million in the previous year, while revenue fell to RM990.6 million from RM1.09 billion.
The higher net loss for the quarter and financial year were due to the recognition of impairment losses on goodwill and assets, retrenchment costs and provision for write-off on inventory, said the group.
Cahya Mata Sarawak Bhd's (CMSB) net profit rose 87% to RM65.7 million in the fourth quarter ended December 31, 2013 from RM35.2 million a year earlier.
Revenue climbed to RM433.4 million from RM392.7 million.
Cumulative full-year net profit increased to RM175.4 million from RM135.7 million a year earlier. Revenue was higher at RM1.42 billion versus RM1.2 billion.
Cahya Mata said it planned to pay a final tax-exempt dividend of 12 sen a share.
TH Plantations Bhd’s fourth quarter net profit fell 64% year-on-year (y-o-y) to RM37.4 million compared to RM104.4 million. However, revenue for the quarter rose 56% to RM154.5 million from RM99.1 million.
For the full year, net profit plunged to RM63.1 million from RM156.6 million in the year before, while cumulative revenue rose to RM470.0 million from RM375.8 million.
BIMB Holdings Bhd said its earnings jumped 16 per cent last year, boosted by improved profits at key bank and insurance companies in its portfolio.
BIMB's operating profit for the year ended Dec. 31, 2013 rose to RM833.1 million from RM717.4 million a year earlier. Revenue rose 12 per cent to RM2.8 billion ringgit.
Texchem Resources Bhd made a net loss of RM0.2 million, from a net profit of RM49.2 million in the previous year’s same quarter.
Revenue for 4QFY13 was also lower at RM236.6 million from RM240.8 million in 4QFY12.
For the full year, net profit fell significantly to RM8.7 million from RM49.4 million in the previous year, while revenue declined to RM953.2 million from RM1.01 billion.
IGB Corporation Bhd’s net profit soared 50% year-on-year (y-o-y) to RM43.8 million in the fourth quarter ended Dec 31, 2013, from RM29.3 million.
Revenue rose 17% y-o-y to RM314.5 million from RM268.9 million.
The firm declared a second interim single-tier dividend of 2.5 sen per ordinary share.
For the full-year, net profit was RM210 million versus RM180 million in the previous year, while revenue recorded RM1.09 billion from RM994 million a year ago.
Tan Chong Motor Holdings Bhd’s net profit for the fourth financial quarter ended 31 December 2013 rose to RM67.8 million from RM57.2 million in similar quarter a year ago.
Revenue for the quarter rose to RM1.35 billion from RM1.18 billion.
Net profit for the full year rose to RM250.9 million from RM164.7 million in the previous year. Cumulative revenue for the full year rose to RM5.19 billion from RM4.09 billion previously.
LBS Bina Group Bhd’s net profit skyrocketed 160% year-on-year (y-o-y) to RM19 million in the fourth quarter ended Dec 31, 2013, from RM7 million a year ago. Revenue also rose 17% y-o-y to RM156.1 million from RM132.9 million.
For the full-year period, net profit recorded RM392 million versus RM37 million in previously, while revenue registered RM534 million from RM510 million a year ago.
DKSH Holdings Malaysia Bhd’s net profit for the fourth financial quarter ended 31 December 2013 rose to RM128.0 million from RM41.3 million in a similar quarter a year ago.
Revenue for the quarter rose to RM1.27 billion from RM1.20 billion
Net profit for the full year rose to RM174.8 million from RM77.8 million previously. Cumulative revenue for the full year rose to RM5.08 billion from RM4.72 billion in the previous year.
Multi sports Holdings Ltd net profit for the fourth financial quarter ended 31 December 2013 fell sharply to RM2.41 million from RM15.17 million in similar quarter a year ago.
Revenue for the quarter rose to RM106.79 million from RM105.93 million in the previous corresponding quarter.
Net profit for the full year fell to RM22.59 million from RM67.63 million in 2012. Revenue for the full year fell to RM383.78 million from RM414.49 million in the previous year.