Trading ideas: Genting, Genting Malaysia, Takaful Malaysia, Jentayu, Kanger, SP Setia, AME Elite, DRB-Hicom, PetDag, Dayang and YTL


KUALA LUMPUR: Companies that made the headlines recently include Genting, Genting Malaysia, Takaful Malaysia, Jentayu, Kanger, SP Setia, AME Elite, DRB-Hicom, PetDag, Dayang and YTL, said Apex Research.

Genting Bhd saw its net profit jump by over four-fold to RM520.52 million for the third quarter ended Sept 30, 2023 (3QFY2023).

Genting Malaysia Bhd (GenM) recorded a net profit of RM177.41 million or 3.13 sen per share for the third quarter ended Sept 30, 2023 (3QFY2023), the group’s highest quarterly profit since the Covid-19 outbreak in 1QFY2020.

Syarikat Takaful Malaysia Keluarga Bhd (Takaful Malaysia) posted a 24.9% increase in net profit for the third quarter ended Sept 30, 2023 (3QFY2023) to RM91.1 million.

Jentayu Sustainables Bhd is disposing of a 12,884 sq ft piece of residential land in Jalan Mayang here to Armani Development Sdn Bhd for RM25 million.

Kanger International Bhd said it is acquiring the remaining 49% stake in building materials supplier Sung Master Holdings Sdn Bhd for RM72 million cash.

S P Setia Bhd has reported that its net profit for the third quarter ended Sept 30, 2023 fell to RM51.8 million from RM70.19 million in the same quarter of 2022.

AME Elite Consortium Bhd posted a 52.34% drop in its second quarter net profit ended Sept 30, 2023 (2QFY2024) to RM21.83 million.

Allianz Malaysia Bhd's net profit grew 42% year-on-year for the third quarter ended Sept 30, 2023 (3QFY2023) to RM197.86 million.

DRB-Hicom Bhd registered a 50.8% drop in net profit to RM70.8 million in the third quarter ended Sept 30, 2023 (3QFY2023).

Petronas Dagangan Bhd (PetDag) said its net profit for the third quarter ended Sept 30, 2023 (3QFY2023) declined 33.06% to RM184.72 million.

Dayang Enterprise Holdings Bhd posted its best quarterly net profit in about three years after the integrated oil and gas service provider logged a net profit of RM76.38 million for its third quarter ended Sept 30, 2023 (3QFY2023).

YTL Corp Bhd posted its best quarterly net profit since 2006 at RM521.7 million in the quarter ended Sept 30 (1QFY2024).

Petron Malaysia Refining & Marketing Bhd’s net profit surged 155.17% to RM81.9 million in the third quarter ended Sept 30, 2023 (3QFY2023).

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