KUALA LUMPUR: Genting Bhd, Genting Malaysia, Kerjaya Prospek, Press Metal and TH Plantation are among the stocks which could see trading interest on Friday following their recent corporate announcements, according to TA Securities Research.
Genting Malaysia Bhd’s 3QFY20 net loss has narrowed to RM704.6mil against RM900.4 mil in 2Q as the group’s resort operations worldwide have resumed progressively during the quarter under review
Genting’s net losses narrowed to RM130.8mil in 3QFY20, after posting a net loss of RM786.1mil in 2Q, as the resort operations have resumed business with a reduced capacity.
As for Kerjaya Prospek Group, its net profit tripled to RM30.4mil in the 3Q from RM10.1mil in 2Q as it resumed its construction projects.
TA Research said Press Metal Aluminium Holdings Bhd’s 3QFY20 net profit increased by 35.4% to RM122mil from RM90.1mil in 2Q on higher aluminium prices.
TIME Dotcom Bhd’s 3QFY20 net profit fell 20.5% to RM66mil from RM83mil a year ago due to higher depreciation and amortisation of property, plant and equipment and right-of-use assets of RM39.4mil compared with RM35.2mil in 3QFY19.
TH Plantations Bhd returned to the black with a net profit of RM15.8mil in 3QFY20, from a net loss of RM31.6mil a year ago. Underpinning the stronger performance were higher average selling prices for palm products and fair value change on its biological assets amounting to RM20.8 mil.
As for Ho Hup Construction, the company and its major shareholder Low Chee Group Sdn Bhdwill undertake property projects over an 11.8 acre site in Ampang with a gross development value of RM520.3mil.
Bina Puri Holdings’ JV company SPTK Joint Venture Co Ltd signed a contract package worth THB7.8bil (RM1bil) with State Railway of Thailand for part of the high-speed railway project to connect Bangkok to Nakhon Ratchasima.
Sime Darby Bhd’s net profit for the 1QFY21 rose 14.2% to RM281mil, from RM246mil a year ago, on strong growth of the group’s motors division, particularly in China.
Westports Holdings Bhd’s net profit improved 28% YoY to RM203.9mil for 3QFY20, due to higher container revenue and lower operational cost.
As for Hengyuan Refining Company Bhd, its 3QFY20 net profit tripled to RM154.9mil from RM48.7mil in2Q on higher average prices of oil products.
With the easing of the movement control order restrictions, Heineken Malaysia reported a net profit of RM61.3 mil in 3QFY20, compared with the net loss of RM18.2 mil in 2QFY20.
DRB-Hicom Bhd returned to the black in 3QFY20, posting a net profit of RM47.5mil compared with a net loss of RM306.1mil in 2Q thanks to its automotive segment.
Velesto Energy’s 3QFY20 net profit plunged 98.6% against a net profit of RM33.3mil a year ago following a 37.3% drop in revenue from RM208.6mil.