Aiyoyo Edge suspended for 3 months, will their ONLINE also suspended starting on MONDAY???
If yes, this will be the last one from the edge and I need to wait for 3 months.
By Meena Lakshana / theedgemarkets.com | July 24, 2015 : 9:46 PM MYT
KUALA LUMPUR (July 24): Based on corporate announcements and news flow today, companies that may be in focus next Monday (July 27) could include: Pensonic, TMC Life Sciences, Coastal Contracts, Scan Associates, Mah Sing ( Financial Dashboard), Datasonic, YSP, and Axiata.
Pensonic Holdings Bhd ( Financial Dashboard) returns to the black with a net profit of RM12.6 million for the fourth quarter ended May 31, 2015 (4QFY15), compared with a net loss of RM1.64 million a year earlier, on higher export sales and property disposal gains.
In a filing with Bursa Malaysia, electrical home appliances manufacturer Pensonic (fundamental: 0.35; valuation: 2.4) said revenue increased to RM92.9 million from RM89.65 million.
The increase in revenue was mainly contributed by the export market, as its local business was facing a slight drop in revenue, due to the Goods and Services Tax (GST) implementation.
"Furthermore, the group has posted a profit before tax of RM12.9 million, [as] compared to loss before tax of RM2.7 million in the corresponding period last year. This gain were mainly came from recognition of financial gain on disposal of property RM8.4 million," Pensonic said.
For the full year, Pensonic registered higher net profit of RM17.58 million, from RM2.87 million a year earlier. Revenue increased to RM388.37 million from RM373.73 million.
Looking ahead, Pensonic said it anticipated intense competition, but will continue to explore new markets and product innovation.
TMC Life Sciences Bhd, a healthcare operator controlled by Singapore billionaire Peter Lim Eng Hock with a 70.499% stake, saw its net profit increase 48.5% to RM3.98 million or 0.4 sen per share for its fourth financial quarter ended May 31, 2015 (4QFY15) from RM2.68 million or 0.33 sen per share a year ago, on higher revenue contributed by higher patient load.
Revenue rose 20% to RM28.5 million in 4QFY15 from RM23.75 million in 4QFY14.
In a filing with Bursa Malaysia, for the full financial year ended May 31, 2015 (FY15), TMC Life's net profit jumped 53.6% to RM9.92 million or 1.01 sen a share from RM6.46 million or 0.8 sen a share in FY14, driven by higher revenue and interest income.
Revenue, meanwhile, increased 19.3% to RM103.19 million from RM86.49 million.
TMC Life (fundamental: 1.45; valuation: 0.9) attributed the higher revenue in 4QFY15 to higher patient load due to increased bed capacity and additional consultants recruited earlier.
TMC Life said despite the issues plaguing the healthcare sector, it is expected to grow in FY16 as it plans to expand its services and positive growth prospects for the healthcare sector in Malaysia remains positive.
Coastal Contracts Bhd ( Financial Dashboard) has bagged contracts worth RM130 million for the sale of two units of offshore support vessels (OSVs) and six units of low-end vessels.
In a filing with Bursa Malaysia today, Coastal Contracts (fundamental: 3; valuation: 3) said it bagged the contracts through its wholly-owned subsidiaries – Coastal Offshore (Labuan) Pte Ltd, Thaumas Marine Ltd and Pleasant Engineering Sdn Bhd.
It said all of the vessels are expected to be delivered in 2015.
"The revenue stream from the latest contracts is expected to contribute positively to the earnings per share and net assets per share of Coastal Group for the financial year ending Dec 31, 2015," it added.
Coastal Contracts said after adjusting for revenue recognition from vessels delivered to buyers up to July 24, 2015, the group has about RM1.97 billion worth of cumulative sales orders awaiting delivery to customers up to 2017.
To date, the group’s order book is approximately RM3.38 billion, of which the vessels and rig sales order book constitutes RM1.97 billion. The balance order book of RM1.41 billion comprises the group’s first Jack-up Gas Compression Service Unit charter contract for Petroleos Mexicanos (Pemex).
Two substantial shareholder of Scan Associates Bhd ( Financial Dashboard) has called for an extraordinary general meeting (EGM) to remove four directors and appoint four new ones.
In a filing to the Bursa Malaysia, Scan Associate (fundamental: 0.15; valuation: 0) said it had received a requisition under Section 144 of the Companies Act 1965 of EGM and the board will reply accordingly.
According the requisition notice, Hussin Othman and Datuk Dr Norbik Bashah Idris who hold 10.17 million shares or 5.09% and 11 million shares or 5.5% respectively as at July 23, expressed their intention to call for the EGM for the said purpose.
The directors they seek to remove - with immediate effect - are chairman Mejar Ismail Ahmad (Retired), largest shareholder and executive editor Mak Siew Wei, independent and non-executive editor Datuk Nik Ismail Datuk Nik Yaacob and independent director Roy George.
The duo also seeks to appoint chief executive officer Norbik Bashah, Nurul Huda Zaharol Natar and Nor Ramzani Abdul Rahman, Siti Sarah Zainal Abidin as directors with immediate effect.
They also move a resolution to remove any director appointed at any time from July 22 up to and including the time of the conclusion of the EGM.
Mah Sing Group Bhd expects a contribution of between RM300 million to RM350 million sales from its Penang property developments to the group’s overall revenue for the financial year ending Dec 31, 2015 (FY15).
Its chief operating officer Teh Heng Chong said the sales figure — representing 11% of the group’s overall sales target for FY15 — is expected to come from five development project — both recently launched, as well as upcoming ones like the Ferringhi Residence Two in Batu Ferringhi.
Speaking to reporters after the opening of its lifestyle show gallery, Teh said the group’s landbank now stands at 82 acres, with a gross development value (GDV) of RM2.8 billion, and unbilled sales of RM300 million.
Despite the soft property market, Mah Sing (fundamental: 2.8; valuation: 2.4) is not stopping its launches in the state this year — only postponing some for a month or two, said Teh.
He added that in view of the present market conditions, the group was practising caution and is only keen on embarking on strategic developments in the southwest region of Penang Island where the second Penang Bridge is located, the city centre and Batu Ferringhi.
Noting that a larger portion of its landbank of undeveloped lands —61 acres — is located in Batu Ferringhi, Teh said development on these lands are expected to take place between the next five and eight years.
Datasonic Group Bhd ( Financial Dashboard) said it has submitted three proposals to the Home Affairs Ministry in relation to the Malaysian Passport and Information and Communications Technology (ICT) Solutions and that talks are still on-going.
The company said this in response to an unsual market activity (UMA) query from Bursa Malaysia yesterday.
Datasonic (fundamental:2.2; valuation:0.9) said discussions pertaining to the proposals are still in a state of flux at this juncture, saying the possible business prospects may or may not materialise.
The company also said it is not aware of any rumour or report concerning the business and affairs of the group that may account for the increased trading activity of its shares.
YSP Southeast Asia Holding Bhd ( Financial Dashboard), which is principally in the import, export and manufacturing of pharmaceutical and veterinary products, said it is not aware of any reasons that may have contributed to the recent sharp rally in its share prices.
In response to the unusual market activity (UMA) query issued by Bursa Malaysia on the company earlier today, YSP Southeast Asia Holding (fundamental: 2.5; valuation: 1.4) said the company is not aware of any corporate development, rumour, report or explanation to account for the sharp rise in its share prices.
The price of YSP shares hit an all-time high of RM3.49 earlier today, before paring gains and closing at RM3.44. The counter had leapt 109.8% on-year from RM1.64.
YSP’s (fundamental: 2.5; valuation: 1.4) market capitalisation now stands at RM466.39 million.
Axiata Group Bhd plans to invest US$2.6 million (RM9.9 million) for a 70% stake in WSO2 Telco Inc, which will offer mobile Internet and fulfilment-exchange services to mobile telecommunication network operators.
In a filing, Axiata (fundamental: 0.85; valuation: 1.1) said its wholly-owned subsidiary Axiata Digital Services Sdn Bhd has bought five million common shares and 4.62 million preferred shares in WSO2 Telco.
"Further to the initial subscriptions and subject to WSO2 Telco achieving all its determined key performance indicators on or before the first anniversary of the completion of the initial subscriptions, ADS (Axiata Digital) shall further subscribe in cash an additional 2,051,282 WSO2 Telco-preferred stocks at US$0.39 per share.
"The holder of WSO2 Telco-preferred stock is entitled to, from time-to-time, to convert each of WSO2 Telco–preferred stocks into one fully paid-up share of WSO2 Telco-common stock. At full conversion of its WSO2 Telco-preferred stocks, ADS will hold 70% of the paid-up capital of WSO2 Telco," Axiata said.
Axiata said WSO2 Telco would be a joint venture between Axiata and WSO2 Inc, an open-source software firm.
"The joint venture will leverage WSO2’s class leading open-source middleware technology allowing telecommunication companies for faster engagement and partnerships and opening up a new way of doing business in the digital space," Axiata said.
(Note: The Edge Research's fundamental score reflects a com