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KUALA LUMPUR: Lafarge Malaysia Bhd, Pelangi Publishing Group Bhd, Sasbadi Holdings Bhd, KNM Group Bhd and Maxis Bhd are among the stocks to watch on Friday, according to JF Apex Research.
PETALING JAYA: Analysts are upbeat about the earnings outlook of Sasbadi Holdings Bhd, a publisher of print and digital educational materials.
KUALA LUMPUR: Shares of publishing company Sasbadi Holdings Bhd opened strongly at RM1.75, a 47% rise from its initial public offering (IPO) price of RM1.19 per share, on its debut on the Main Market of Bursa Malaysia yesterday.
KUALA LUMPUR: Educational materials publisher Sasbadi Holdings’ 1HFY8/18 net profit was below CIMB Equities Research and market expectations, at 28% of the full-year forecast, due to weaker-than-expected retail and multi-level marketing (MLM) revenue.
Investors who bought into syallabus-based content provider Sasbadi Holdings Bhd in 2014 when it was listed, and are still holding on to its shares today would be a disappointed lot, to say the least.
KUALA LUMPUR: Sasbadi Holdings Bhd’s latest contracts win worth RM6.81mil by the Education Ministry, is expected to have minimal impact on its earnings, according to CIMB Research.