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Chong SM

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https://www.businesstoday.com.my
News

Strategic Position, Booming Gig Economy A Strong Driver For Hong Leong Industries

Chong SM -
Hong Leong Industries (HLIND) did not declare a dividend during the quarter, as it typically announces an annual dividend during 1H. “HLIND’s FY23 revenue rose...
News

Better Prospect For Genting Plantation On Firmer CPO Prices, Lower Cost

Chong SM -
Genting Plantation (GENP) Reports 1HFY23 core net profit of RM104m, which excludes RM9m land disposal gains and RM3m of impairment, forex and fair value...
News

D&O Green Technologies Remains Subdued With Soft Demand For Vehicles

Chong SM -
D&O Green Technologies (D&O)’s 1HFY23 net profit of RM1.6m disappointed, as its 2QFY23 dipped to a new quarterly low in the last eight years. “D&O's...
News

CGSCIMB Recommends Technical Buy For Agmo, Powerwell Holdings

Chong SM -
Agmo Holdings’ stock has been building a base above the 200-day Exponential Moving Average (EMA) following its breakout of the downtrend line from the...
News

Sunway Construction’s Core Profit To Grow Each Year, Backed By Steady Job Wins

Chong SM -
Sunway Construction (SCGB) posts 1H23 core profit of RM58.2m.“We project a 5-year earnings compounded annual growth rate of 25% for SCGB, backed by the...
News

Billings For Eastern & Oriental Expected To Pick Up In Foreseeable Future

Chong SM -
Eastern & Oriental (E&O)’s 1QFY24 (Mar) results missed expectations, due to slower billings, which were a blip, for its Andaman projects. “However, we expect billings...
News

FM Global Logistics Poised To Capitalise From Global Recovery

Chong SM -
FM Global Logistics (FM) posts FY23 (Jun) core earnings of RM39.9m despite seeing a prolonged weakness across all business segments in 4QFY23. While RHB Research...
News

Slow, Steady For Gabungan AQRS With The Rollout Of Pan Borneo Highway Sabah

Chong SM -
Gabungan AQRS’ reports a 6M24 core profit of RM14m. The potential review of the “Malaysia My Second Home” programme may underpin unit sales of...
News

ACE Bound Minox International’s IPO Exercise To Encompass Issuance Of 90 Million Shares

Chong SM -
Distributor of stainless steel sanitary valves, tubes and fittings, Minox International Group (“Minox”), has entered into an underwriting agreement with M & A Securities...
Editor's Choice

M K Land Celebrates Operational Milestone Of 10.95 Megawatt For PV Project

Chong SM -
M K Land Holdings Berhad (M K Land) through its subsidiary Solar Citra Sdn. Bhd., recently celebrated the achievement of commercial operation for a...
News

Positive Earnings Outlook For United U-Li With Stable Economy, Manageable Steel Price

Chong SM -
United U-Li Corporation (ULICORP)’s 1HFY23 core net profit was at RM19.4m. YoY, 1HFY23 revenue dropped 6% due to lower contribution from its cable support...
News

Securities Commission Malaysia Reprimands Auditor For Violating Standards

Chong SM -
The Securities Commission Malaysia (SC)’s Audit Oversight Board (AOB) has publicly reprimanded Yean Wai Nye, a partner of T. H. Kuan & Co. As the...
News

Petronas Chemicals Underperforms Under The Backdrop Of Worsening Global Glut

Chong SM -
Petronas Chemicals Group (PCHEM) reports a 1HFY23 core net profit of RM941m. In spite of lower average selling product prices (ASP), topline expanded by...
News

Subdued Earnings For IOI Corporation, Partially Cushioned By Downstream Performance

Chong SM -
IOI Corporation’s 4QFY23 core net profit of RM236m was slightly firmer QoQ as Crude Palm Oil (CPO) price per MT held well at RM3,906...
News

Pekat Posts 21.2% Revenue Growth, Declares Maiden Interim Dividend

Chong SM -
Pekat Group (“Pekat”) announced its financial performance for the second quarter of 2023 ("Q2"). Revenue grew by 21.2% year-on-year (YoY) to RM106.3 million. This surge...
News

Teo Seng Charts Upward Trend With Stabilising Maize, Soybean Prices

Chong SM -
Teo Seng Capital (TEOSENG)’s 2Q23 core net profit soared 565.9% YoY and 30.4% QoQ, respectively to RM25.4m, bringing the 6MFY23 earnings to RM44.8m. “The results...
News

Higher Earnings For Rexit With More Revenue From Software, Other Sources

Chong SM -
In 4Q23, REXIT recorded a core net profit RM3.6m, rising 64.1% QoQ and 47.8% YoY, respectively, which brought FY23’s sum to RM10.9m. “Core net profit...
News

Supercomnet Expected To Deliver Stronger Performance Despite Declining Demands

Chong SM -
Supercomnet Technologies Bhd’s (SCOMNET) 2QFY23 net profit fell 22.4% YoY to RM7.3m, impacted by the decline in demand across all 3 segments. Revenue for...
News

Matrix Concepts Posts 1Q Net Profit Of RM64.6 Mil, Rising By 37%

Chong SM -
Matrix Concepts Holdings Bhd's net profit for the first quarter ended 30 June 2023 (1QFY2024) surged by 37.3% to RM64.6 million from RM47.04 million...
News

Short-Term Interbank Rates Close Steady Following BNM’s Liquidity Operations

Chong SM -
Short-term interbank rates closed stable today on Bank Negara Malaysia’s operations to absorb surplus liquidity from the financial system.Liquidity in the conventional system slipped...
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