Versus the KLCI

  • Business
  • Saturday, 10 Jul 2004

  • Inti: Education group Inti Universal Holdings Bhd's share price has fallen by 6.5% in the past three months. The group, which has a total student enrolment of more than 12,000 at its six campuses, reported a year-on-year drop of more than 50% in net profit to RM3.5mil for the first quarter ended March 31 due primarily to a lower intake of new students early this year as many had to go for national service. However, the stock recovered somewhat last month after the company completed its 1-for-4 bonus issue and 1-to-2 share split.  

     INTI :  [Stock Watch]  [News

  • MISC: Shares of Malaysia International Shipping Corp Bhd (MISC), one of the world's top three shippers of liquefied natural gas, have outperformed the KLCI by 2.5% over the past three months. In May, MISC reported a 82% jump in net profit to RM727.8mil for its fourth quarter ended March 31, from RM400mil a year ago. Then in June, the company successfully raised US$1bil (RM4.18bi) via a global offering of five- and 10-year notes to refinance a loan. 

     MISC :  [Stock Watch]  [News

  • Plus: PLUS Expressways Bhd, the largest listed expressway operator in South-East Asia in terms of toll receipts, reopened early last month a stretch of the 35km New Klang Valley Expressway (NKVE) which had been closed for six months for repairs after a rockfall. The company was reported to have lost up to RM2mil a month in toll collection during the closure. Still, its stock managed to outperform the CI by over 5% during the period.  

     PLUS :  [Stock Watch]  [News

  • Guthrie: Kumpulan Guthrie Bhd, Asia's fourth largest oil palm plantation group, was in the news recently when Tan Sri Abdul Khalid Ibrahim failed to gain re-election to its board of directors. Khalid had earlier been replaced as group chief executive officer after his contract expired on Dec 31 last year. Guthrie shares have fared poorly in the past three months, falling by 16% and under-performed the CI by over 12% during the period. 

     GUTHRIE :  [Stock Watch]  [News

  • Shangri-La: Luxury hotel operator Shangri-La Hotels (M) Bhd's shares have largely performed in line with the benchmark KLCI's 3.3% decline in the past three months despite posting much improved first-quarter earnings. For the three month to March 31, the company's net profit almost tripled to RM10.4mil from RM3.8mil a year ago as occupancy rose in tandem with the growth in tourist arrivals. According to Tourism Malaysia, total tourist arrivals could reach a record 14.4 million this year and generate revenue of RM28bil for the country. 

     SHANG :  [Stock Watch]  [News]

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