KUALA LUMPUR (Nov 30): Stocks which could see trading interest on Wednesday include JCY International Bhd which finally turned around after a very difficult year where it was beset by weak hard-disk drive prices while technological changes saw companies pushing ahead with solid state drives.
Other stocks in focus are RHB CAPITAL BHD [], HONG LEONG BANK BHD [], KPJ HEALTHCARE BHD [], PROTON HOLDINGS BHD [] and Benalec Resources Bhd.
JCY posted net profit of RM26.44 million in the fourth quarter ended Sept 30, 2011, boosted by higher shipments and a favourable US dollar exchange. The fourth quarter financial performance was a turnaround from the net loss of RM25.18 million a year ago.
It also improved on-quarter but f0or the 12-month period, its earnings plunged 92% to RM14.55 million from RM173.76 million in the previous financial year. Its revenue fell 17.8% to RM1.671 billion from RM2.033 billion.
RHB Capital earnings rose 7.1% in the third quarter to RM376.73 million from RM351.35 million a year ago on lower allowance for impairment on loans, financing and other losses which was reduced to RM29.64 million from RM174.25 million a year ago.
Its earnings were also boosted by income from Islamic banking business at RM120.43 million compared with RM84.24 million a year ago.
Hong Leong Bank’s earnings rose 58.3% to RM407.11 million in the first quarter ended Sept 30, 2011 from RM257.20 million a year ago following the consolidation of the enlarged group after the acquisition of EON CAPITAL BHD []. Its revenue increased by 69.8% to RM916.73 million from RM539.78 million.
KPJ Healthcare Bhd recorded a 14% increase in its earnings to RM34.49 million from RM30.23 million a year ago. Its profit before taxation for the current quarter has increased by 11.1% to RM47.9 million from RM43.1 million a year ago. It declared an interim dividend of 2.5 sen per 50 sen share.
For the nine-month period, KPJ’s earnings rose 6.4% to RM92.16 million from RM86.64 million in the previous corresponding period.
Proton’s earnings fell 76.4% to RM15.55 million in the quarter ended Sept 30, 2011 from RM65.92 million a year ago due to higher expenses incurred by the Lotus Group International Ltd. Its revenue was a marginal 1% higher at RM2.263 billion from RM2.240 billion a year ago while earnings per share were 2.8 sen compared with 12 sen.
However, the national car maker said the group posted higher pre-tax profit of RM35 million compared to RM12 million in the first quarter.
Benalec’s first quarter earnings slipped 3.4% to RM28.93 million from RM29.96 million a year ago. Its revenue was however, 42.8% higher at RM74.58 million compared with RM52.21 million while EPS was 4.0 sen.
Benalec said when compared to the preceding quarter, its revenue rose 13.1% or RM8.6 million mainly due to increase in marine CONSTRUCTION [] income.
“Profit after tax of the group of RM28.9 million for the current quarter is higher compared to the preceding quarter of RM22.8 million, representing an increase of RM6.1 million or 26.8% mainly due to recognition higher profit from marine construction works in progress and vessel chartering division,” it said.
Other stocks in focus are RHB CAPITAL BHD [], HONG LEONG BANK BHD [], KPJ HEALTHCARE BHD [], PROTON HOLDINGS BHD [] and Benalec Resources Bhd.
JCY posted net profit of RM26.44 million in the fourth quarter ended Sept 30, 2011, boosted by higher shipments and a favourable US dollar exchange. The fourth quarter financial performance was a turnaround from the net loss of RM25.18 million a year ago.
It also improved on-quarter but f0or the 12-month period, its earnings plunged 92% to RM14.55 million from RM173.76 million in the previous financial year. Its revenue fell 17.8% to RM1.671 billion from RM2.033 billion.
RHB Capital earnings rose 7.1% in the third quarter to RM376.73 million from RM351.35 million a year ago on lower allowance for impairment on loans, financing and other losses which was reduced to RM29.64 million from RM174.25 million a year ago.
Its earnings were also boosted by income from Islamic banking business at RM120.43 million compared with RM84.24 million a year ago.
Hong Leong Bank’s earnings rose 58.3% to RM407.11 million in the first quarter ended Sept 30, 2011 from RM257.20 million a year ago following the consolidation of the enlarged group after the acquisition of EON CAPITAL BHD []. Its revenue increased by 69.8% to RM916.73 million from RM539.78 million.
KPJ Healthcare Bhd recorded a 14% increase in its earnings to RM34.49 million from RM30.23 million a year ago. Its profit before taxation for the current quarter has increased by 11.1% to RM47.9 million from RM43.1 million a year ago. It declared an interim dividend of 2.5 sen per 50 sen share.
For the nine-month period, KPJ’s earnings rose 6.4% to RM92.16 million from RM86.64 million in the previous corresponding period.
Proton’s earnings fell 76.4% to RM15.55 million in the quarter ended Sept 30, 2011 from RM65.92 million a year ago due to higher expenses incurred by the Lotus Group International Ltd. Its revenue was a marginal 1% higher at RM2.263 billion from RM2.240 billion a year ago while earnings per share were 2.8 sen compared with 12 sen.
However, the national car maker said the group posted higher pre-tax profit of RM35 million compared to RM12 million in the first quarter.
Benalec’s first quarter earnings slipped 3.4% to RM28.93 million from RM29.96 million a year ago. Its revenue was however, 42.8% higher at RM74.58 million compared with RM52.21 million while EPS was 4.0 sen.
Benalec said when compared to the preceding quarter, its revenue rose 13.1% or RM8.6 million mainly due to increase in marine CONSTRUCTION [] income.
“Profit after tax of the group of RM28.9 million for the current quarter is higher compared to the preceding quarter of RM22.8 million, representing an increase of RM6.1 million or 26.8% mainly due to recognition higher profit from marine construction works in progress and vessel chartering division,” it said.
