KUALA LUMPUR: Top Glove, Samaiden, Sime Plantation and Serba Dinamik
are among the counters which could see trading interest on Tuesday following their corporate news, according to TA Securities Research.
It said Top Glove Corp Bhd will temporarily shut down 28 factories in Klang due to a high number of Covid-19 cases among its workers.
As for Kanger International Bhd, it has received support from the Ministry of Science, Technology and Innovation to purchase Covid-19 vaccines for private-sector use in Malaysia.
Renewable energy specialist Samaiden Group Bhd has secured an RM115.6mil contract from BTM Resources Bhd to develop a biomass-based power plant in Terengganu.
TA Research noted that Sime Darby Plantation Bhd posted 3QFY20 net profit of RM190mil a turnaround from a net loss of RM243mil a year ago as it benefited from higher palm commodity prices.
Boustead Plantations Bhd staged a turnaround in its financial performance when it posted a net profit of RM18.0mil in 3QFY20, from a net loss of RM34.3mil a year agoon higher palm commodity production volume and prices.
As for Serba Dinamik Holdings Bhd, its 3QFY20 net profit grew to RM148mil from RM113.2mil a year ago following strong performance from its operation and maintenance segment.
Sunway Real Estate Investment Trust's net property income for 1QFY21 fell by 42.8% to RM68.1mil, from RM119.1mil a year ago due to lower contributions from its retail and hotel segments.
Guan Chong Bhd’s 3QFY20 net profit declined 23% to RM46.8mil from RM60.5mil a year ago on lower cocoa sales, narrower margins and higher tax expenses.
Dayang Enterprise Bhd’s 3QFY20 net profit declined 66.3% to RM36.1mil, from RM107.1mil a year ago due to lower vessel utilisation and extra costs as from Covid-19 standard operating procedures.
Malaysian Resources Corp Bhd saw its 3QFY20 net profit slump 63% to RM920,000 from RM2.5mil a year ago on slower construction activities amid Covid-19.
Hextar Global Bhd's net profit surged 42.6% to RM12.5mil in 3QFY20 from RM8.7mil a year due to additional operational efficiencies and economies of scale.
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