PublicInvest Research analyst Chong Hoe Leong says the business is subject to volatility in terms of egg prices as well as commodity prices to a certain extent as the bulk of the companies’ cost comprises the price of feed for the chickens.

“Just because poultry companies have been doing well this quarter, it does not mean they will do well in the next. It all depends on the demand for eggs, which then affects prices. It is cyclical,” he says on the subsector’s cheap valuations.

Perdana Petroleum Bhd (PPB) is on track to return to the black in its coming financial year ending Dec 31, 2020 (FY20), since its shareholders have given their nod for the group’s proposed rights issue exercise, which forms a part of its debt restructuring plan.

At an extraordinary general meeting (EGM) today, its shareholders voted for the proposed renounceable rights issue of redeemable convertible preference shares (RCPS) of up to RM506.01 million in value, as well as the proposed provision of financial assistance to its major shareholder Dayang Enterprise Holdings Bhd (DEHB).

For the third quarter ended June 30, 2019, DGB Asia’s net losses widened to RM4.47 million, from RM711,000 a year earlier. However, revenue jumped to RM2.17 million from RM302,000. The group attributed the top-line growth to higher value-added products sold. Meanwhile, the higher losses were on account of higher operating costs and a higher share of loss from an associate company.

For the cumulative nine-month period ended June 30, 2019, the group posted a net loss of RM7.88 million on revenue of RM6.48 million.

Astro Malaysia Holdings Bhd and China-based online entertainment service provider iQIYI Inc have launched a new online video application (app) which marks the latter's first app outside China.

This follows a content partnership inked between Astro and iQIYI back in June this year.

Astro has the exclusive rights to deliver iQIYI content on TV, On Demand and OTT in Malaysia, including the world's first iQIYI branded channel comprising iQIYI's extensive slate of original content, from drama to variety shows and movies.

At the launch of the app today, Astro's chief executive officer Henry Tan said the partnership is timely given that streaming services continue to be in demand

Dufu Technology Corp Bhd’s net profit shrunk 23.5% to RM14.78 million in the third quarter ended Sept 30, 2019 (3QFY19), from RM19.32 million in the same period last year, weighed down by lower realised foreign exchange by approximately RM1.6 million.

The hard disc drive (HDD) component maker also attributed its lower earnings to additional non-cash employee benefits arising from share option granted under ESOS (employees’ share option scheme) of RM1.2 million and higher depreciation charges by RM700,000 in the current quarter.

It was barely a year ago that poultry and eggs firm Lay Hong Bhd posted record earnings for its financial year ended March 31, 2018 (FY18). At the time, its shares were trading close to RM1 apiece. Since then, its financial performance, together with its share price, has dived.

RHB Retail Research said Revenue Group Bhd may rebound further after it tested RM1.66 support in recent sessions.

In a trading stocks note today, the research house said given that it has formed a white candle for the second consecutive day, the positive sentiment has been enhanced.

“MTAG, one of the leading printed labels suppliers in the EMS ecosystem, will benefit from the trade war and enjoy organic growth from the regional markets.

“We recommend ‘Buy’ with a fair value of 62 sen pegged to 12 times price-earnings ratio on its financially year 2020 (FY20) earnings per share offering an upside of 21%,” it stated yesterday.

Shares of Sumatec Resources Bhd, which has been categorised as a practice note 17 company since April last year, will be suspended indefinitely next week.

In a filing with the stock exchange today, the group said trading of its shares will be suspended with effect from 9am next Thursday (Nov 7) until further notice.

Velesto Energy Bhd said its unit has bagged a contract worth US$131 million (RM541.17 million) from Carigali Hess Operating Company Sdn Bhd.

Carigali Hess, an oil and gas joint venture between PCJDA Ltd and Hess Oil Company of Thailand Ltd, is involved in gas production in the joint development area administered by the Malaysian-Thailand Joint Authority.

JOHOR-based Guan Chong Bhd, the world’s fourth largest cocoa grinder, plans to keep expanding after its latest €60 million (RM278 million) investment in a new cocoa bean processing plant in Ivory Coast. It has set its sights on further expansion in the West African nation, which accounts for 40% of the world’s cocoa production.

ONLY 40 per cent of the 13 million square foot of approved gross floor area (GFA) of i-City had been completed as at end-2018,

says Tan Sri Lim Kim Hong, executive chairman of I-Berhad. This means I-Berhad will be busy in the next 10 to 12 years finishing

the development and, along the way, could add new products in line with demand and market trends

CIMB Research retains Add for Supermax, TP RM2.30 on expansion plan

HOTELS in Genting Highlands would need 30,000 rooms to cater to the demand from future tourists, especially when the outdoor theme park starts operation by next year2020.

Grand Ion Delemen Hotel Genting Highlands general manager Jack Lim said only 16,000-odd rooms were currently available at all hotels in Genting Highland combined, and there was still a shortage of 14,000 rooms to accommodate a huge influx of tourists to the popular hill resorts.

“Currently, we are very far behind. We anticipate a huge influx of visitors to come once the outdoor theme park is completed,” he told the New Straits Times in an interview recently.

Established in 2001, AirAsia, which took off with just two Boeing 737 aircraft and 200 staff have now grown into a company of 12,000 "family members" and 100 fleets of aircraft come 2020.

That is just the Malaysian operations.

AirAsia has also spread its wings within ASEAN and beyond the region's shores.

The low-cost carrier without a doubt is the nation's pride, a success story in breaking barriers and making air travel accessible to people from all walks of life, serving over 600 million guests across the Asia Pacific region thus far.

But all the above would not have been possible if not for the disruptive culture that has been ingrained within the organisation.

Securemetric Bhd has won two contracts with a combined value of RM3.94 million to supply digital security solutions to Vietcombank.

Securemetric said in an exchange filing that the contracts, awarded to Securemetric Technology Co Ltd, its wholly-owned subsidiary in Vietnam, are expected to be completed in the financial year ending Dec 31, 2019 (FY19).

The first contract, worth US$590,568 (RM2.46 million), was awarded by Prognostic Services Pte Ltd, a regional mobile satellite telco services provider, for Securemetric to supply two-factor authentications solutions (2FA) and hardware security module (HSM) to Vietcombank.

The other contract was awarded by IT consulting services firm Information And Networking Technology Joint Stock Company (InfoNet), for 8.26 billion dong (RM1.48 million). Under this contract, Securemetric is to supply user licenses for 2FA, as well as install and integrate both 2FA and HSM for Vietcombank.

Vietcombank, listed on the Ho Chi Minh City Stock Exchange, is one of Vietnam’s largest comercial banks by asset size and operates 111 branches throughout the country.

KNM unit gets US$12.31m purchase order from Petrofac Emirates

The unit, FBM-KNM FZCO (FZCO), will supply the vessels and columns for the Ain Tsila development project in the southeast of Algiers, Algeria.

The purchase order is expected to contribute positively to KNM’s earnings for the financial years ending Dec 31, 2019 (FY19) and Dec 31, 2020 (FY20).

Two legacy projects that contributed to the shocking loss of fourth quarter 2018 (4QFY18) results are finally completed and all costs have been incurred with no more provision related to those projects going forward. Normalised earnings of HG Power Transmission Sdn Bhd (HGPT) are guided to stand at around RM10 million per annum and should revert back to that level going forward.

Recently, the government has been studying proposals regarding liberalisation of the electricity retail sector to allow users to choose electricity suppliers. Rohas is expected to benefit if the proposal materialises due to increase demand for transmission towers arising from higher household connections.

Velesto Energy Bhd is aiming for a turnaround by the end of this year based on its projection of better utilisation rate from the recovery in the oil and gas industry, said president and executive director Rohaizad Darus.

Velesto narrowed its losses from RM1.18 billion for the year ended 31 December 2016 to RM20.44 million for the year ended 31 December 2018.

Syarikat Takaful Malaysia Keluarga Bhd’s (Takaful Malaysia) net profit for the third quarter (Q3) ended September 30, 2019 rose to RM112.34 million from RM83.96 million posted a year ago.

Its revenue increased to RM753.51 million compared to RM648.95 million previously, mainly due to higher sales generated by family takaful business

Pantech rises 2.86% on positive technical outlook

Maintain outperform with an unchanged target price (TP) of RM1.15: Recently, we came back from George Kent (Malaysia) Bhd’s briefing feeling reassured with our call and its prospects as management’s focus and outlook remain intact with no changes to financial year 2020 (FY20) to estimated FY21 (FY21E) earnings.

CIMB Thai 9MFY19 net profit rises 35.5% y-o-y

Bumi Armada volume surges after 24% price plunge

AmBank Islamic, GreenTech M’sia ink pact to support green initiatives

NETX WILL BE ONE OF TOP 5 BENEFICIARY FOR NFCP RM21.6 BILLIONS 12MP INITIATIVES

Alliance Bank collaborates with CGC to ease SMEs' financing

AirAsia X sue MAHB for RM480m

AmInvest Research retains Buy for Maybank, TP RM10.60

now time to in....angpau for new year 2020

the global automotive industry have a great potential in future.

this one still looks good .very solid.

shud i buy or not?very scare leh

walao eh?so suddenly drop so badly?die me oh....

hi