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TUNE Protect Group’s first quarter 2017 net profit of RM11.9mil came in at 16.1% and 13.4% of Affin Hwang Capital’s and consensus estimates.
KUALA LUMPUR: MK Land, Taliworks, Fajarbaru, Econpile and Yinson are among the stocks to watch on Tuesday following their corporate news and announcements, says JF Apex Research.
KUALA LUMPUR: Gabungan AQRS Bhd quadrupled its net profit to RM16.14mil for its first quarter ended March 31, driven by higher contributions from its construction and property divisions as well as from land sales.
KUALA LUMPUR: RAM Rating Services Bhd expects the credit quality of banks’ housing loans to stay relatively stable in 2017, despite the spiralling cost of living.
KUALA LUMPUR: RHB Research Institute is upbeat on Malaysian Resources Corporation Bhd’s (MRCB) construction division as it is a potential candidate to develop Bandar Malaysia, which will be a transit oriented development project.
PETALING JAYA: After years of improvement, the asset quality of Malaysian banks could see some deterioration with the banking system’s gross impaired-loan (GIL) ratio expected to touch 1.8% this year, although this figure is still favourable compared with their Asean peers.
KUALA LUMPUR: Construction firm, Kimlun Corp Bhd’s outperformance was largely due to faster construction progress and large variation orders, according to Maybank Investment Bank Research.