Stocks To Watch Berjaya Food, I-Bhd, KPJ, Dijaya, KLCCP, NTPB, MISC


Business & Markets 2013
Written by Shalini Kumar of theedgemalaysia.com   
Friday, 08 March 2013 20:34

KUALA LUMPUR (March 8): Based on announcements to Bursa and news flow today, companies that may attract investor interest on Monday (March 11) could include Berjaya Food, I-BHD [], KPJ, Dijaya, KLCCP, NTPB and MISC.

Berjaya Food Bhd posted an 83.7 % year-on-year increase in net profit to RM7.9 million for its third quarter ended Jan 31, 2013, compared to RM4.3 million a year ago.

It said revenue rose 46.2% to RM38.25 million from RM26.16 million.

For its nine-month period ended Jan 31, it registered a net profit of RM14.03 million, up 59.8% year-on-year. Revenue rose to RM86.56mil from RM64.45mil.

I-Bhd told Bernama it is aiming for a jump in profit to more than RM50 million from RM18 million in 2012, gaining from I-City’s property and tourism segments this year.

I-City, a RM5 billion development in Shah Alam, comprises corporate, leisure and residential components, a shopping mall, office towers, cyber office suites, hotels, serviced apartments and data centres.

I-Bhd’s executive chairman Tan Sri Lim Kim Hong told the national news agency increasing revenue is expected to stream from on-going and new property projects as well as upcoming leisure attractions.

He said the leisure division in I-City had been achieving double-digit growth since its opening in December 2009.

KPJ HEALTHCARE BHD [] is expected to deliver a stronger set of results this year, as a result of adding more beds for the scheduled opening of two new hospitals as well as the new Sabah Medical Centre.

RHB analyst David Chong forecast KPJ to make RM178.3 million in recurring net profit in the financial year to Dec 31, 2013, up 28.2% from last year. Revenue is forecast to be 15.24% higher to RM2.43 billion.

Additionally, he said KPJ’s management has targeted for its medical tourism business to increase its revenue contribution to 25% by 2020, from about 10% currently.

DIJAYA CORPORATION BHD [] has had its earnings forecast increased by an analyst from UOB KayHian Research, following the group raising its stake in Tenaga Kimia Sdn Bhd to 73%.

UOB KayHian's analyst Jonathan Lai said net profit would be lifted by 32%, 15% and 14% for 2013, 2014 and 2015 respectively. FY2013 net profit would also receive a boost of RM18 million net gain from the sale of inventories.

The acquisition would enhance Dijaya’s earnings visibility, balance sheet and cash flow while in the longer term, Dijaya could spin off and distribute Tenaga Kimia to its shareholders as part of an exercise to reward shareholders.

KLCC PROPERTY HOLDINGS BHD [] (KLCCP) announced it has received the green light from the Securities Commission to form a stapled real estate investment trust (REIT).

The SC’s approval has come with several conditions, such as KLCC REIT’s management or its advisers to submit an operational audit report of KLCC REIT’s operations to the SC within six months after the stapled securities are listed.

It has been reported that KLCCP plans to list the REIT in April, which will turn it into Malaysia’s largest REIT in terms of asset size.

KLCC REIT will come with three assets injected into it: Petronas Twin Towers, Menara 3 Petronas and Menara ExxonMobil. Its asset size will be RM15.4 billion.

NTPM HOLDINGS BHD [] has declared a first interim single-tier dividend of 14.5% for the current financial year ending April 30, 2013.

Meanwhile, exchange filings show that a company key director, Datuk Teoh Boon Beng, had bought a total of 600,000 shares from the open market in three consecutive trading days on Feb 4-6 at prices ranging from 45.8 sen to 46 sen per unit. He had also bought the market shares earlier.

The company last reported its net asset value per share of at 27 sen.

MISC BHD [] may continue to come under pressure after AmInvestment Bhd said Petronas takeover offer as "not fair" but "reasonable", as well as Petronas’ insistence on Thursday that the offer price would not be changed.

Investors had earlier hoped for the raising of the offer price by Petronas after EPF, a substantial shareholder, indicated the offer price should be higher.