Thursday, February 23, 2017

亿钢获5亿工程 有史最大订单

2017年02月22日

(吉隆坡22日讯)亿钢控股(ECONBHD,5253,主板建筑股)获Domain Resources私人有限公司颁发柏威年白沙罗高原的打桩及地下层结构工程合约,总值5亿7040万令吉。

这项合约为亿钢控股30年以来最大笔的单一合约订单,同时推高合约订单至14亿令吉新高。

根据文告指出,该公司主要负责综合发展项目的打桩及地下层工程,涉及9栋办公楼和建有8层地下层、1层底楼及4层零售单位的3栋服务式公寓,合约为期28个月。

对此,亿钢控股首席执行员潘沙表示,由於获得新合约,订单总额首次超过10亿令吉,奠定该公司在建筑支援服务领域的领导地位。

次季净利上扬29%

他指出,这项涉及8层地下层的发展项目,是吉隆坡最深的地下结构工程,极具挑战性。

此外,亿钢控股2017財政年次季(截至去年12月31日止)净利按年上扬28.89%,至2136万令吉,前期为1658万令吉;营业额则从前期的1亿1056万令吉,按年急涨33.74%,至1亿4787万令吉。

该公司在上半年净利上升21.69%,至3781万令吉,前期为3170万令吉;营业额则提高23.77%,至2亿6195万令吉,前期为2亿6195万令吉。

亿钢控股週三以2.01令吉掛收,全天起1仙或0.5%,成交量为148万7100股。

售酒店料获8500万.怡保花园财测调高

2017-02-23 09:16


(吉隆坡22日讯)怡保花园(IGB,1597,主板产业组)2016财政年末季业绩符合市场预期,股价也随之走高6仙至2令吉49仙。

大众研究认为,该公司有望从今年1月脱售的万丽酒店(Renaissance Kuala Lumpur Hotel)中获益8500万令吉,因此,上调2017财政年财测37%。

大众指出,怡保花园有多个项目在进行中,包括料于今年杪在伦敦推介的综合产业项目、尚在探索设计,位于泰国曼谷的项目、等待市场恢复的18 Medini、料2018下半年亮相的柔州南部谷中城(Mid-Valley Southkey)广场等。

此外,预计今年4月完成的谷中城南塔也已寻获主要租户。

大众研究维持怡保花园“跑赢大市”评级,及维持4令吉80仙目标价不变。

股价:2令吉49仙
总股本:13亿6479万8340股
市值:33亿9834万7866令吉
最新季度营业额:2亿8287万4000令吉
最新季度盈亏:净利4399万4000令吉
每股净资产:3令吉37仙
本益比:10.50倍
周息率:4.12%
大股东:金诗投资(73.43%)

文章来源:星洲日报‧财经‧2017.02.23

利兴工业末季多赚12% 特别派息10仙

118点看 2017年2月23日

(吉隆坡22日讯)营业额增加,带动木制家具生产商——利兴工业(LIIHEN,7089,主板消费产品股)截至去年12月底末季净利按年增11.86%,并宣布派发每股10仙特别股息。

该公司末季净赚2052万令吉或每股11.4仙,上财年同季为1834万令吉。

不过,成本提高,特别是劳工成本,侵蚀了盈利赚幅。

根据利兴工业,末季营业额按年增加11%,达1.69亿令吉,主要是因为销量增加10%,而卧室家具占了增幅中的8%。

合计全年净利按年提高28%,录得7330万令吉,而营业额则攀升14%,报6.23亿令吉。

同时,该公司每股10仙特别股息,除权日落在3月8日。

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Petron Malaysia gains strong momentum in final quarter

Wednesday, 22 February 2017 | MYT 11:50 PM

BY M. HAFIDZ MAHPAR

KUALA LUMPUR: Petron Malaysia Refining & Marketing Bhd, whose net profit shrank in the first three quarters of last year, received a fourth-quarter (Q4) boost that propelled its 2016 full-year profit to surpass the previous year’s figure.

The petroleum product manufacturer and retailer said the net profit of RM112.6mil in Q4 -- which was much higher than the RM16.2mil net profit during the same period in 2015 -- was the company’s best performance for the year.

“The strong results were driven by the 13% growth in sales volume which grew to 8.3 million barrels from the 7.3 million sold in the same quarter in 2015,” the company said in its latest quarterly results report to Bursa Malaysia.

Its Q4 revenue jumped 22% to RM2.29bil, powered by an increase in sales volume as well as in oil price during the quarter. Petron noted that the benchmark Dated Brent averaged US$50 per barrel in Q4 2016, up by 14% from a year earlier.

For the 12 months to Dec 31, 2016, Petron Malaysia chalked up a net profit of RM237.6mil, an 8% gain over the preceding year’s, although revenue slipped 7% to RM7.6bil.

The company, which is 73.4% owned by the largest oil refining and marketing firm in the Philippines (Petron Corp), pointed out that although Dated Brent recovered gradually towards the end of last year, the full-year average of US$44 per barrel was still 15% lower compared to the 2015 average; hence the lower revenue registered in 2016.

The board recommended a final dividend of 22 sen per share for the financial year just ended, up from 20 sen in financial year 2015.


Read more at http://www.thestar.com.my/business/business-news/2017/02/22/petron-malaysia-gains-momentum-in-q4/#CvefDFMui1UX0457.99

UOA Development net profit goes up 211% to RM346mil

Thursday, 23 February 2017


PETALING JAYA: UOA Development Bhd’s net profit for the fourth quarter ended Dec 31, 2016 rose by some 211% to RM345.98mil due to fair value gains recognised on investment properties.

Revenue for the quarter however almost halved to RM270.64mil from RM511.6mil.

The company said in a press release that revenue was attributed mainly to progressive recognition from the sales of on-going development projects namely Southbank Residence, South View Serviced Apartments, United Point Residence, The Vertical Business Suites and Desa Sentul.

“New property sales for the quarter came in about RM1.42bil with contributions from our ongoing projects. Unbilled sales stood at about RM1.46bil as at Dec 31, 2016,” it said.

On the year to date basis UOA’s net profit was at RM676.7mil, representing an increase of 62.3% compared with the preceding year’s corresponding period.

Its total revenue for the year was at RM996.2mil compared to RM1.64bil in the previous year.

“Total expenditure for the quarter under review of RM61mil comprises mainly marketing expenses of RM12.3mil and administrative and operating expenses of RM30.4mil,” it said.

The company said that its effective tax rate for the current quarter was higher than the statutory tax rate of 24% mainly due to difference between the income tax and real property gains tax rates applicable on fair value adjustments on investment properties.

The effective tax rate for the year to date approximated the statutory tax rate of 24%. The effective tax rate for the corresponding quarter and year to date was lower than the statutory tax rate of 25% mainly due to certain income not subjected to tax, it said.

Moving forward, UOA said that it will continue its focus on development in Greater Kuala Lumpur and continue to assess opportunities for land acquisitions that meet the criteria.


Read more at http://www.thestar.com.my/business/business-news/2017/02/23/uoa-development-net-profit-goes-up-211-to-rm346mil/#UCBBILqbfa0IE3YY.99

Higher credit cost hits AFG third quarter earnings

Thursday, 23 February 2017

In a filing to the Bursa Malaysia, AFG announced that its net profit for the quarter narrowed by 4.4% in contrast to RM135.60mil in the same quarter of the previous financial year. This was despite a moderate 4.8% increase in revenue year-on-year (y-o-y) to RM378.64mil in Q3’17.

PETALING JAYA: Alliance Financial Group Bhd (AFG) posted a lower net profit of RM129.68mil in the third quarter of financial year 2017 (Q3’17) ended Dec 31, 2016, primarily attributed to higher credit cost due to larger impairment provisions.

In a filing to the Bursa Malaysia, AFG announced that its net profit for the quarter narrowed by 4.4% in contrast to RM135.60mil in the same quarter of the previous financial year. This was despite a moderate 4.8% increase in revenue year-on-year (y-o-y) to RM378.64mil in Q3’17.

AFG’s business banking segment contributed 44.6% of its total revenue, followed by the consumer banking segment which contributed about 37.7%.

Its chief executive officer Joel Kornreich highlighted that AFG managed to deliver a sustainable financial performance, amid the challenging market environment.

“Our results came from growing our best performing segments with better risk adjusted returns, implementing effective credit risk management measures and optimising our deposit mix,” he said in a statement.

As for the first nine months of financial year 2017, the smallest lender in Malaysia reported a marginally higher revenue, which grew by 2.9% y-o-y to RM1.10bil. Its net profit also rose, albeit narrowly, by 0.65% y-o-y to RM394.74mil.

AFG’s better risk-adjusted-returns loans within the consumer, small and medium enterprises (SME) and commercial lending segments grew faster than the other segments, at the annualised rate of 14.6%. The SME loans growth remained strong at 12.3% y-o-y.

The entity’s gross impaired loans ratio stood at 1%, notably better than the industry average of 1.6%. Its customer deposits also grew commendably by 4.2% y-o-y, starkly in contrast to industry average of 1.4%.

Loan-to-deposit and loan-to-fund ratios were at 86.6% and 83.4% respectively.

For the quarter in review, no dividend has been proposed by AFG.

With regard to its capital position, AFG recorded a total capital ratio of 16.6%, which was among the strongest in the industry. The financial group also maintained a Common Equity Tier 1 ratio at 12%.

Moving forward, AFG projected for profitability for the financial year of 2017 to remain broadly consistent with the previous financial years.

It also plans to roll out more new and innovative solutions to meet the needs of its customers.


Read more at http://www.thestar.com.my/business/business-news/2017/02/23/higher-credit-cost-hits-afg-third-quarter-earnings/#10wWKoFEJ2U0J2Qv.99

MBSB swings back to profit in Q4

Thursday, 23 February 2017

PETALING JAYA: Malaysia Building Society Bhd (MBSB) reported a net profit of RM45.64mil for its fourth quarter ended Dec 31, 2016 (Q4’16), thanks to higher financing income from the corporate segment.

This was a considerable improvement over the corresponding period a year ago when it reported a RM15.8mil net loss. MBSB’s revenue for Q4’16 and Q4’15 was at RM819.4mil and RM825.69mil, respectively.

The group’s cumulative net profit for financial year 2016 (FY16) amounted to RM201.41mil on the back of RM3.28bil in revenue. In comparison, MBSB reported a net profit of RM257.59mil and revenue of RM3.05bil for FY15.

In a filing with the exchange yesterday, MBSB disclosed that the year-on-year (y-o-y) rise in revenue was mainly attributed to higher financing income from the corporate segment and higher contributions from investments in liquid assets. Its cost-to-income ratio also improved on a y-o-y basis to 20.8%.

As for the decreased y-o-y net profit, this was mainly due to higher allowances for impairment losses on loans, advances and financing with the continuation of its impairment programme which was initiated back in 2014.

Last year, MBSB group chief executive officer Datuk Ahmad Zaini Othman (pic) remarked that without the ongoing impairments made on a quarterly basis, the group would have recorded more than RM1bil in extra pre-tax profit. Analysts had previously estimated that by the end of the two-year exercise, total impairments made are expected to amount to around RM1.9bil.

On the other hand, MBSB noted that it had reported lower allowances for impairment for Q4’16.

Additionally, the group reported a lower gross income from the personal financing, mortgage loans and auto finance segments. MBSB attributed the decline to lower disbursements and a decreasing portfolio base.

On its outlook going forward, MBSB said it would focus on the continued expansion of the corporate financing segment, as it has shown positive contribution in 2016 in terms of growth in portfolio assets and earnings.

“The group will continue to strengthen, adapt and sustain its corporate and retail business activities, including collection efforts to compete in a challenging environment. These activities include continued improvement in compliant operational workflows, efficient workflows, and enhancing asset quality based on risk management and credit frameworks,” it said.

In a separate filing, the group said it had declared a single-tier final dividend of three sen per share for the year, which translates into a total payout of approximately RM173.96mil.

Shares in MBSB gained buying interest recently, as the group is currently in the midst of discussions with Asian Finance Bank Bhd (AFB) for a potential merger exercise. Since the beginning of the year, the group’s shares have risen by around 15%.

A merger with AFB would be a boon for MBSB, which has long sought a commercial banking licence which, among other things, would give it cheaper access to capital as well as allow it to take current and savings accounts deposits.

The stock closed at RM1.15 yesterday, a one-sen increase from the previous day’s close.


Read more at http://www.thestar.com.my/business/business-news/2017/02/23/mbsb-swings-back-to-profit-in-q4/#HtkRRQpPkRC6x4Ll.99