KUALA LUMPUR (February 24): Based on Thursday (February 24) company announcements and news feed, companies likely to be targeted on Friday (February 25) include Genting Bhd, Genting Malaysia Bhd (GENM) , Petronas Chemicals Group Bhd (PetChem ), Hap Seng Consolidated Bhd, IJM Corp Bhd, Maxis Bhd, Pentamaster Corp Bhd, Petron Malaysia Refining & Marketing Bhd, QL Resources Bhd, Sarawak Oil Palms Bhd, Sime Darby Property Bhd, Tenaga Nasional Bhd ( TNB), UOA Development Bhd, ViTrox Corp Bhd and WCT Holdings Bhd.
Genting Bhd slipped into the red in the fourth quarter ended December 31, 2021 (4QFY21), posting a net loss of RM129.81 million – its fourth consecutive quarterly loss – compared to a net profit of RM24.98 million a year ago one year, on higher amortization and net financial charges resulting primarily from the start-up of Resorts World Las Vegas operations.
This is despite its quarterly revenue up 58.7% to RM4.84 billion from RM3.05 billion in 4QFY20, thanks to contribution from its leisure and hospitality, plantation and property divisions.
Nonetheless, the group has declared a first and final interim dividend of 11 sen per share for the year ended December 31, 2021 (FY21), payable on April 8.
Subsidiary of Genting Bhd, Genting Malaysia Bhd (GENM) saw its fortunes reverse in the fourth quarter ended December 31, 2021 (4QFY21). The casino operator recorded a net profit of RM174.12 million compared to a net loss of RM240.85 million a year ago.
Quarterly revenue climbed 81.5% year-on-year to RM1.89 billion from RM1.04 billion in 4QFY20. GENM also declared a special dividend of nine sen per share for the year ended December 31, 2021 (FY21), payable March 31.
Petronas Chemicals Bhd Group (PetChem) closed its financial year ending December 31, 2021 (FY21) with a record annual profit of RM7.35 billion, driven by a year-round surge in petrochemical prices and healthy demand. The petrochemical group’s net profit jumped fourfold to RM2.06 billion for its fourth quarter (4QFY21), which is also a record quarter from RM466 million in the previous corresponding quarter.
Group annual revenue increased by 60.32% to RM23.03 billion from RM14.36 billion previously – with 4Q21 revenue up nearly 82% to 6 RM.98bn vs. RM3.84bn – supported by high plant utilization of 93%, despite several statutory adjustments. and maintenance activities undertaken during the year.
It declared a second interim dividend of 23 sen per share which amounts to RM1.8 billion, payable on March 25, up from seven sen at 4QFY20. The latest dividend will bring PetChem’s total dividend for FY21 to 56 sen, nearly five times the 12 sen it paid for FY20.
Hap Seng Consolidated BhdRM’s net profit increased to RM900.43 million in the year ended 31 December 2021 (FY21) from RM750.18 million in the same period a year earlier.
For the fourth quarter, Hap Seng recorded a net profit of RM300.53 million compared to RM351.99 million a year earlier, mainly due to a write-off of certain deferred tax assets, while revenue increased from RM1.72 billion to RM1.84 billion. billion due to higher revenues from the planting, trading and building materials divisions.
IJM Corp Bhd recorded a 32.7% decline in net profit to RM98.44 million for its third financial quarter ended 31 December 2021 (3QFY22) from RM146.34 million a year ago, largely partly due to lower revenue contribution from its construction and property development segments. Quarterly revenue for the reporting period fell 12% to RM1.27 billion from RM1.44 billion a year ago.
Maxis BhdNet profit for the fourth quarter ended 31 December 2021 fell 9.4% year-on-year to RM289 million from RM319 million, due to higher amortization charges.
Maxis said its quarterly revenue rose to RM2.45 billion from RM2.26 billion previously. Maxis declared a fourth interim dividend of four sen per share and a special interim dividend of one sen, to be paid on March 31.
MISC BhdThe 100% owned unit of MISC Capital Two (Labuan) Ltd has filed with the Securities Commission Malaysia relevant information and documents regarding the issuance of its Global Medium Term Notes (GMTN) program of up to 3 billion US dollars (about RM12.57 billion) in face value.
MISC said the GMTN program would provide the group with the flexibility to raise medium and long-term funding to meet its business financing needs as and when needed, including capital structure optimization. , general capital expenditure, working capital and refinancing of existing borrowings.
Pentamaster Corp Bhd said its net profit for the fourth quarter ended December 31, 2021 (4QFY21) fell nearly 11% to RM19.65 million from RM22.07 million a year ago, despite stronger growth revenues.
The group’s quarterly revenue, however, increased by 11.13% to RM122.49 million from RM110.22 million a year ago. The company has recommended a final one-time dividend of two sen for the quarter under review, amounting to approximately RM14.2 million for FY21.
Petron Malaysia Refining & Marketing Bhd jumped to an annual net profit of RM238.47 million in the financial year on December 31, 2021 (FY21) from a net loss of RM13.32 million a year earlier, as net profit and Fuel retailer revenue for the fourth quarter ended December 31, 2021 (4QFY21) increased year-over-year due to improved sales volume and higher pricing as domestic demand was growing, helped by Malaysia’s national stimulus package focused on the Covid-19 vaccine.
Petron said the company had proposed a dividend of 20 sen per share for FY21, up from five sen per share a year earlier. For 4QFY21, Petron Malaysia said net profit was higher at RM60.53 million from RM42.02 million a year earlier, while revenue jumped to RM2.96 billion from 1, RM51 billion.
QL Resources BhdNet profit for the third quarter ended 31 December 2021 (3QFY22) decreased by 21.7% to RM59.79 million from RM76.33 million due to margin compression in its manufacturing segments. marine products (MPM) and integrated farming (ILF) . The group’s revenue, however, increased by 26% from RM1.11 billion to RM1.4 billion, due to increased sales across all of its business segments.
Sarawak Oil Palms Bhd announced a 10-fold increase in net profit for the fourth quarter ended 31 December 2021 (4QFY21) to RM208.35 million from RM20.74 million in the corresponding quarter of the prior year, supported by average realized prices of palm products sold. Quarterly revenue increased by 66% to RM1.39 billion from RM839.58 million.
For the fourth quarter ended December 31, 2021 (4QFY21), Sime Darby Property Bhd recorded a net profit of RM72.19 million compared to a net loss of RM56.64 million a year ago as the site resumed its advancement in the group’s property development segment as movement restrictions related to the Covid-19 pandemic have eased.
For 4QFY21, Sime Darby Property said its quarterly revenue rose to RM739.37 million from RM705.19 million a year earlier.
The property group reported an annual net profit of RM136.9 million in the financial year ended December 31, 2021 (FY21) compared to a net loss of RM501.57 million a year earlier. Its annual revenue increased by RM2.22 billion from RM2.06 billion a year earlier.
Tenaga National Bhd(TNB) net profit for the fourth quarter ended 31 December 2021 (4QFY21) fell 27.6% to RM877.8 million from RM1.21 billion in the same period of the year. he previous year, as the group faced higher tax charges and unfavorable exchange rates, while operating expenses jumped due to rising fuel prices.
The drop in profit, which saw earnings per share fall to 15.35 sen from 21.27 sen, came despite a 52.4% growth in revenue to RM15.74 billion from RM10.32 billion. on higher electricity sales, mainly due to Imbalance Cost Pass-Through (ICPT) recovery sub-position amounting to RM3.21 billion as opposed to over-recovery position of RM1 RM.56 billion previously.
The utility group has declared a final dividend of 18 sen per share for FY21, totaling RM1.03 billion, to be paid at a date to be determined.
UOA Development BhdFourth quarter net profit more than doubled to RM98.86 million from RM34.96 million a year earlier, partly due to a property revaluation surplus of RM92.37 million recorded during of the quarter.
According to the property developer, revenue fell to RM136.45 million in the fourth quarter ended December 31, 2021 (4QFY21) from RM194.11 million. UOA Development said its board recommended for 4QFY21, a first and last dividend of 10 sen per share.
ViTrox Corp BhdNet profit for the quarter ended 31 December 2021 (4QFY21) jumped 44.5% to RM46.12 million from RM31.92 million in 4QFY20 as the machine vision inspection developer continued to benefit from increased sales associated with the strengthening US dollar during the period.
ViTrox recorded a 16.2% increase in quarterly revenue from RM159.79 million to RM185.75 million, driven by favorable sales demand from the automated card inspection segments and machine vision systems, he said.
WCT Holdings Bhd returned to profitability in the year ended 31 December 2021 (FY21), with a net profit of RM97.3 million compared to a net loss of RM213.57 million in 2020. increased from RM1.7 billion to RM1.75 billion previously.
For the fourth quarter of FY21, the group posted a net profit of RM51 million compared to a net loss of RM222.81 million a year earlier, but revenue was lower at RM420.99 million compared to RM543.1 million previously.