US markets ended mixed overnight amid quarterly results and rising coronavirus cases. Earlier, European stocks tumble following concerns over Brexit and record rises in daily coronavirus infections.
On the local market, the FBM KLCI rose 5.74 points to 1500.35 points. Following the mixed performance in Wall Street, the FBM KLCI could continue to hover sideways above the support of 1475 points.
Among stocks to watch are: Minetech Resources has been awarded a contract valued at RM37.46 million to undertake a civil works project; Bursa Malaysia's 3QFY20 net profit surged more than twofold to a record high of RM121.94 million from RM47.10 million a year earlier, on the back of higher operating revenue; Hartalega has recorded its best-ever quarterly net profit at RM544.96 million in its 2QFY21, which is about five times the RM103.87 million posted last year; Luxchem’s 3QFY20 net profit jumped 65% to RM14.2 million, from RM8.6 million in the previous corresponding quarter; Supermax posted a record quarterly net profit of RM789.52 million, up almost 32 times from RM24.75 million a year ago, thanks to the continued booming demand for rubber gloves amid the Covid-19 pandemic. Separately, Supermax also announced that it is planning for a dual listing on the Singapore Exchange to expand and diversify its shareholder base; Atrium REIT’s 3QFY20 net rental income jumped 73.98% yoy thanks to the rental income from Atrium Bayan Lepas 2 which commenced in October 2019, and the one-off gain on disposal of used racking system; RGT's net profit for the first quarter ended Sept 30, 2020 soared 124.2% yoy, on the back of a surge in demand for hygiene care products such as soaps and sanitiser dispensers; The board of director of HSS Engineers has suspended group chief executive officer (GCEO) Datuk Ir. Nitchiananthan Balasubramaniam for four weeks with immediate effect. The suspension is to facilitate independent investigation to be carried out for alleged misconducts on the part of the GCEO.
Malaysia News & Highlights
Economics
Quarterly Results
Company Outlook and Developments
Contract Secured and Awards
Foreign News
Chart | Stock Name | Last | Change | Volume |
---|
2024-08-29
MINETEC2024-08-29
SUPERMX2024-08-28
BURSA2024-08-28
BURSA2024-08-28
HARTA2024-08-28
SUPERMX2024-08-27
BURSA2024-08-26
BURSA2024-08-23
BURSA2024-08-23
BURSA2024-08-22
BURSA2024-08-22
BURSA2024-08-21
BURSA2024-08-21
BURSA2024-08-21
BURSA2024-08-21
HARTA2024-08-21
HARTA2024-08-21
MINETEC2024-08-20
BURSA2024-08-20
BURSA2024-08-20
BURSA2024-08-20
HARTA2024-08-19
BURSACreated by jfapex | Aug 26, 2024
Pesona is valued at RM0.46 based on a Sum of Parts valuation, which also corresponds to a 13.0x 1-year forward PER of the Group’s FY25F EPS of 3.5 sen. This valuation is a discount to Bursa Construc