Wall Street KLCI

Summary of result during lunch time

Wall Street KLCI
Publish date: Tue, 28 May 2013, 02:21 PM
THIS BLOG IS RELATED TO OBSERVATIONS REGARDING STOCKS TRADED IN MALAYSIA. DISCLAIMER: THE COMPANY ANALYSIS THAT APPEAR IN THIS BLOG IS MERELY FACTS GATHERED FROM DIFFERENT SOURCES AND THE AUTHOR'S PERSONAL VIEW. IT IS NOT A BUY OR SELL RECOMMENDATION. THE AUTHOR DO NOT GUARANTEE THE ACCURACY OF THE FACTS BEING PRESENTED. PLEASE CONSULT YOUR INVESTMENT ADVISORS BEFORE ACTING ON ANY INFORMATION PROVIDED BY THE ANALYSIS ABOVE.
1. BIMB: 1Q earnings up 14% YoY to RM74m
    The higher profitability was mainly achieved on the back of RM78.3m increase in revenue and   
    RM24.5m improvement in allowances for impairment on financing and advances, investment and 
    other assets.
    Islamic Banking and Takaful both doing well too.
    Outlook: Earnings make up 23% of consensus forecast, so it's barely in line with expectation. 

    Potential upside to share price but should be capped at RM4.00.
2. MAHSING: 1Q earnings up 16% YoY to RM69m
3. UEMLAND: 1Q earnings jump 289% YoY to RM211m
3. MSPORTS: 1Q earnings tumbled 56% YoY to RM7.4m
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