Digi.Com Bhd's net profit decreased 34.3 per cent to RM763.49 million in the full financial year ended December 31, 2022 (FY22) from the RM1.16 billion recorded in the same period in FY21. (NST)

Bumi Armada Bhd's (BAB) net profit for the fourth quarter ended Dec 31, 2022 (4QFY2022) surged 78.5% to RM201.68 million from RM118 million a year earlier, due to higher contributions from Armada Kraken FPSO. (TheEdge)

Boustead Heavy Industries Corporation Bhd recorded a net loss of RM21.55 million in the financial year ended Dec 31, 2022 (FY2022) compared to a net profit of RM15.19 million a year ago. (TheStar)

Sunway Bhd 's 2022 results have surprised Affin Hwang Capital on the upside as its core net profit jumped 80 per cent year-on-year to RM716 million as all the divisions performed better. (NST)

Malaysian Genomics Resource Centre Bhd (MGRC) today signed a strategic collaboration with Kensana Health Canada and MAHSA University for the research and development (R&D) of cannabinoids for phytopharmaceutical and biotechnology products for commercialisation. (NST)

Hong Leong Investment Bank Bhd (HLIB) believes Genting Bhd has legs for a turnaround driven by strong recovery in Resorts World Sentosa (RWS), Resorts World Genting (RWG) and Resorts World Las Vegas (RWLV) from tourist arrivals. HLIB said Genting's earnings of RM669.9 million for financial year 2022 (FY22) were within its expectations at 104.2 per cent and above consensus at 118.8 per cent. (NST)

Petronas Chemicals Group Bhd (PetChem) shares shed 41 sen or 5.6% to RM7.36 with 4.98 million exchanging hands in early trade, after analysts downgraded the group’s FY2023 earnings forecast due to unfavourable product spreads, and increase in input and production costs. (TheEdge)

Hong Leong Investment Bank (HLIB) Research has downgraded Unisem (M) Bhd to “Hold” at RM3.14 with a higher target price (TP) of RM3.39 (from RM3.38) pegged to 22x of FY23 EPS due to limited upside and said Unisem’s FY22 core net profit of RM247 million (+27% YoY) was a beat, but in line with consensus. (TheEdge)

Kenanga Research has maintained its “Outperform” rating on NationGate Holdings Bhd at RM1.22 with a higher target price (TP) of RM1.50 (from 85 sen) and said NationGate’s FY22 results exceeded expectations. (TheEdge)

CGS-CIMB Securities has maintained its “add” rating on IJM Corp Bhd at RM1.58 with an unchanged target price of RM2.15, and said IJM’s 9MFY3/23 results were broadly in line, with strong core net profit growth. (TheEdge)

Source: New Straits Times, The Edge Markets, The Star 24 Feb 2023

Need a Trading Account?

Open a trading account now for FREE with our selected advertiser to enjoy Free Subscription to MQ Trader!
 

Contact Us

Please do not hesitate to contact us if you have any inquiries:

Facebook: https://www.facebook.com/mqtrader 
Instagram: https://www.instagram.com/mqtrader 
i3messanger: https://messenger.i3investor.com/m/chatmq 
YouTube: https://www.youtube.com/channel/UCq-26SGjlQTVQfO7DoEihlg 
Email: admin@mqtrader.com 
Contact Number: +60128058077