#Stocks To Watch* CIMB, United Plant, Boustead, Parkson, WCT, Kossan, Magna Prima and Ingress.

KUALA LUMPUR (Feb 25): Based on corporate filings with Bursa Malaysia, stocks that could attract investor interest on Tuesday (Feb 26) include CIMB, United Plantations, Boustead, Parkson, WCT, Kossan, Magna Prima and Ingress.

CIMB Group Holdings Bhd announced it recorded a 5.3% dip in quarter-on-quarter net profit to RM1.08 billion for its fourth quarter ended Dec 31, 2012, but posted a record RM4.34 billion in net profits for the full year.

CIMB said revenue for the fourth quarter also declined 4.9% to RM3.37 billion, down from the third quarter.

But the large banking group announced a second interim dividend of 18.38 sen per share. This brings full year dividends to 23.38 per share, translating to a dividend payout ratio of 40%.

"The profits were lower due to an extraordinary gain of RM250 million on the deconsolidation of CIMB Aviva in the fourth quarter of 2011," said chief executive Datuk Sri Nazir Razak at a results briefing today.

For the full year, net profits climbed 7.8% to a new record of RM4.34 billion, from the year before. Revenue also rose 11.3% to RM13.5 billion from the year prior.

"We delivered another set of record profits for FY12, underpinned by strong earnings growth in most of our business lines," Nazir said in a statement to Bursa Malaysia.

"We believe that we can sustain a net return on equity of 16% for 2013 on our higher capital and cost base, by driving revenues and efficiencies," he added.

United Plantations Bhd (UP) recorded a net profit of RM92.2 million for its fourth quarter ended Dec 31 (4Q12), about 26% higher than its 4Q11 profit of RM73.1 million.

The company is proposing a final dividend of 22.5 sen per share for its shareholders.

The company said its quarterly revenue came in at RM304.26 million, up from the RM290.37 million it posted last year.

But for its full year results, UP recorded a FY12 net profit of RM342.24 million, about 8% lower than FY11's profit of RM373.95 million. Revenue came in at RM1.18 billion, down from FY11's revenue of RM1.39 billion.

Boustead Holdings Bhd's net profit for the fourth quarter ended Dec 31, 2012, fell 21.7% to RM150.5 million from RM192.3 million a year earlier, due mainly to the deficit from heavy industries division, fall in palm oil prices andreduced gains in investment properties.

The company said its revenue rose for the quarter rose to RM2.68 billion, from RM2.55 billion the previous year.

But Boustead declared a fourth interim dividend, single tier 7.50 sen to be paid March 29.

Parkson Holdings Bhd recorded a net profit of RM74.24 million for its second quarter ended Dec 31 (2Q12), a 30% drop from its 2Q11 profit of RM105.72 million.

The fall in profit was attributed to a late start of the Lunar New Year this year, the company said.

"The late arrival of the Lunar New Year in the current financial year (Feb 10, 2013, vs Jan 23, 2012) has delayed some consumer spending to the next quarter as against certain festive retail buying captured in the 3 months ended 31 December 2011," Parkson told Bursa Malaysia today.

But the retail group's quarterly revenue came in at RM930.40 million, up from 2Q11's revenue of RM911.18 million.

WCT Bhd reported a more than four-fold rise in fourth quarter net profit from a year earlier as the builder and property develop registered a significant increase in revaluation gains for its investment real estate.

For the three-month period, the company saw a revaluation surplus of RM226.13 million compared to RM42.8 million a year earlier.

WCT said net profit came to RM244.68 million in the fourth quarter ended December 31, 2012 (4QFY12) compared to RM51.51 million a year earlier. Revenue however fell 22% to RM380.17 million from RM485.07 million.

WCT's full-year net profit more than doubled (2.2 times) to RM364.57 million from RM165.99 million a year earlier as revenue climbed 1.3% to RM1.56 billion.

The company is paying an interim dividend of 3.25 sen a share in 4QFY12.

Looking ahead, WCT said improving broader market outlook and the Economic Transformation Programme will help the company grow earnings in the future.

Kossan Rubber Industries Bhd posted a 24.36% growth in net profit for its fourth quarter ended Dec 31, 2012, to RM29.66 million from the year before, due to lower raw material (latex) price, increased output and optimum product mix.

Revenue for the quarter also rose 13.16% to RM318.58 million year-on-year, but no dividends were declared.

For the full year, Kossan posted a net profit of RM104.45 million, a 16.47% increase from the RM89.68 million recorded in the same quarter last year. Revenue stood at RM1.24 billion, a 13.76% jump from RM1.09 billion.

On its current year prospects, Kossan said, "We are confident the global demand for rubber gloves will continue to grow strongly."

Magna Prima Bhd

returned to the black with a net profit of RM11.02 million for its fourth quarter ended Dec 31, 2012, buoyed by the completion of its One Sierra development.

The group's earnings more than doubled compared to its net losses of RM9.45 in the previous quarter.

The property and construction concern posted a revenue of RM150.34 million for the period under review, compared to RM37.81 million the year before.

Ingress Corporation Bhd said a 70%-subsidiary has received a letter of award from PHN Industry Sdn Bhd for the development/supply of body panels for a new Proton model.

It said the project would commence in the second quarter of the financial year 2015 for five years.

The project will generate about RM107.5 million in revenue for the Ingress Group, while the total investment cost will be about RM23.1 million. It is expected to contribute positively to the earnings of Ingress, the company said.

--

Get stories like this on the Yahoo app and discover more every day.
Download it now.
Loading...
  • US, Russia move closer to new Syria ceasefire after talks
    US, Russia move closer to new Syria ceasefire after talks AFP News - 11 minutes ago

    Washington and Moscow have made key steps towards agreeing a new ceasefire in Syria, but a final deal has not been reached, US Secretary of State John Kerry and his Russian counterpart said after talks Friday. Kerry and Russian Foreign Minister … More »

  • VTTI says it resumes operations at Malaysia terminal Reuters - 3 hours ago

    SINGAPORE, Aug 27 (Reuters) - VTTI, the storage unit of world's largest oil trader Vitol, said late on Friday it has resumed operations at its Malaysia terminal ATT Tanjung Bin (ATB). "The suspension ... … More »

  • Most Read on Bloomberg: Good-But-Busted ETFs, Drifting Stocks Bloomberg - 3 hours ago

    (Bloomberg) -- The most-read Bloomberg News reports from the past week are listed below. The rankings are based on daily statistics through Aug. 27. … More »

  • China July industrial profits rise, buoyed by increased sales, falling costs Reuters - 5 hours ago

    Profits earned by China's industrial firms grew at their fastest pace in four months in July, aided by a pick-up in sales and reduced costs, the statistics bureau said on Saturday. Profits in July rose 11.0 percent to 523.01 billion yuan, the … More »

  • 4 Lessons I Learned After Marrying My Foreigner Wife DollarsAndSense.sg - 6 hours ago

    Discuss your past. Discuss your future. The post 4 Lessons I Learned After Marrying My Foreigner Wife appeared first on DollarsAndSense.sg. … More »

  • Business Highlights Associated Press - 8 hours ago

    ___ Yellen suggests rate hike is coming but offers no timetable Federal Reserve Chair Janet Yellen said Friday that the case for raising interest rates has strengthened in light of a solid job market and ... … More »

  • California governor signs bill banning coal-export funding Associated Press - 9 hours ago

    California Gov. Jerry Brown signed legislation Friday banning state transportation funding for new coal export terminals. The bill represents a victory for environmentalists as they campaign aggressively ... … More »

  • Stada shareholder AOC pushes through board reshuffle
    Stada shareholder AOC pushes through board reshuffle Reuters - 9 hours ago

    Stada (STAGn.DE) shareholder Active Ownership Capital (AOC) succeeded in convincing stock owners of the German drugmaker to vote off its supervisory board chairman in a voting marathon, but the activist investor fell short of its goal of replacing … More »

  • Dollar rises following Yellen remarks on rate hikes AFP - 10 hours ago

    The dollar rose Friday against the euro, the yen and the British pound following remarks from the US central bank favoring a near-term increase in interest rates. In a much-anticipated address, US Federal ... … More »

  • Global markets drift after Yellen speech
    Global markets drift after Yellen speech AFP News - 10 hours ago

    European and US equities markets were split on Friday after US Fed chief Janet Yellen suggested interest rates could rise in the near-term. In words carefully parsed by market watchers, Yellen said recent months had seen conditions in the US … More »

  • How the Dow Jones industrial average fared on Friday Associated Press - 11 hours ago

    Stocks ended on a weak note Friday after Federal Reserve officials said the case has strengthened for raising interest rates above the super-low levels that have helped fuel a seven-year bull market. Phone ... … More »

  • Stocks end mostly lower after Yellen speech
    Stocks end mostly lower after Yellen speech Associated Press - 11 hours ago

    Stocks ended mostly lower on Friday after Federal Reserve officials said the case has strengthened for raising interest rates above the super-low levels that have helped fuel a seven-year bull market. ... … More »

  • UN ready to help Colombia peace deal
    UN ready to help Colombia peace deal AFP News - 11 hours ago

    The UN Security Council on Friday warmly welcomed the historic peace deal reached between Colombia's government and FARC rebels, and pledged to help ensure the agreement takes hold. The council met behind closed doors two days after the Bogota … More »

  • Kerry, Lavrov hold marathon Syria talks
    Kerry, Lavrov hold marathon Syria talks AFP News - 11 hours ago

    US Secretary of State John Kerry and Russian Foreign Minister Sergei Lavrov held marathon talks in Geneva on Friday for an expected push towards resuming peace talks for war-ravaged Syria. Asked during a break how the meeting was proceeding, Lavrov … More »

  • US stocks mixed after Yellen says picture firming for rate hike AFP - 11 hours ago

    US stocks were mixed on Friday after Federal Reserve Chair Janet Yellen said the case for a rate hike is strengthening, raising expectations of a move by year-end. Trade was fairly quiet as Yellen also ... … More »

  • Markets Right Now: Stocks end mostly lower on Wall Street Associated Press - 12 hours ago

    The latest on developments in global financial markets (all times local): 4:00 p.m. Stocks ended mostly lower on Wall Street, giving up a modest gain from earlier in the day after Fed Chair Janet Yellen ... … More »

  • Morales sees 'conspiracy' in Bolivia minister's murder
    Morales sees 'conspiracy' in Bolivia minister's murder AFP News - 12 hours ago

    Bolivian President Evo Morales said Friday that his government is the victim of a "political conspiracy" after protesting miners allegedly kidnapped and beat to death a minister who tried to negotiate with them. Defense Minister Reymi Ferreira … More »

  • New law makes insurance companies find, pay beneficiaries Associated Press - 12 hours ago

    Insurance companies will be required to locate beneficiaries of unclaimed life insurance policies in Illinois and pay them money they're owed under legislation that Gov. Bruce Rauner signed into law on ... … More »

  • Deals of the day-Mergers and acquisitions Reuters - 12 hours ago

    (Adds Alere, Fiat Chrysler; updates Rackspace) Aug 26 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday: ** Cloud services provider Rackspace Hosting ... … More »

  • Oil prices edge up but OPEC giants downplay output limits AFP - 12 hours ago

    Oil prices edged higher Friday but the market remained weak as OPEC's key producers cast doubt on the possibility of cutting output. Iranian Oil Minister Bijan Zanganeh on Friday said his country wanted ... … More »

  • Canada, hoping to boost profile, pledges peacekeepers to UN
    Canada, hoping to boost profile, pledges peacekeepers to UN AFP News - 12 hours ago

    Canadian Prime Minister Justin Trudeau's government on Friday committed 600 troops and Can$450 million (US$350 million) over three years to United Nations peacekeeping operations around the world. Touted by the Liberal administration as a … More »

  • Grain lower, livestock mixed Associated Press - 12 hours ago

    Grain futures were lower Friday on the Chicago Board of Trade. Wheat for Sept. declined 17.75 cents at $3.8350 a bushel; Sept. corn lost 7.25 cents to 3.1625 a bushel; Sept. oats was fell 3.75 cents at ... … More »

  • Canada PM Trudeau to mount charm offensive in China: officials
    Canada PM Trudeau to mount charm offensive in China: officials AFP News - 12 hours ago

    Canadian Prime Minister Justin Trudeau will tour the Great Wall, shoot hoops with retired basketball star Yao Ming and meet with women entrepreneurs when he travels to China next week to bolster trade and diplomatic ties, his office said Friday. … More »

  • Oil steady in volatile session, down 2 percent for the week
    Oil steady in volatile session, down 2 percent for the week Reuters - 12 hours ago

    Oil prices were largely unchanged on Friday in a volatile session, as traders reacted to comments from Fed Chair Janet Yellen and reports of missile activity in Saudi Arabia. The market was taking its cues from the movement in the dollar, which has … More »

  • Dutch PM Mark Rutte announces third-term candidacy
    Dutch PM Mark Rutte announces third-term candidacy AFP News - 13 hours ago

    Prime Minister Mark Rutte announced Friday his candidacy to head the Dutch government for a third succesive term in office, as the countdown moves towards next year's parliamentary polls. "Rutte also informed his top party leadership about his … More »

 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.129+0.001+0.78%
    N21.SI
    1.855-0.040-2.11%
    MC0.SI
    2.84+0.02+0.71%
    C52.SI
    4.22-0.05-1.17%
    Z74.SI
    0.58-0.01-1.69%
    5TP.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.29+0.08+38.10%
    5VI.SI
    0.36+0.07+22.03%
    BPF.SI
    0.192+0.030+18.52%
    AYD.SI
    0.27+0.04+17.39%
    BLU.SI
    0.40+0.05+14.29%
    BFK.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.205-0.055-21.15%
    BTJ.SI
    0.34-0.06-15.00%
    BCD.SI
    0.39-0.06-13.33%
    AYB.SI
    0.31-0.04-11.43%
    5VP.SI
    0.24-0.02-9.43%
    BAZ.SI

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3582+0.0051+0.38%
    USDSGD=X
    1.5196-0.0071-0.47%
    EURSGD=X
    1.7809-0.0034-0.19%
    GBPSGD=X
    74.6820+0.437+0.59%
    SGDJPY=X
    5.7047-0.0235-0.41%
    SGDHKD=X
    2.9663+0.0023+0.08%
    SGDMYR=X
    9,748.1885-70.3965-0.72%
    SGDIDR=X
    4.9062-0.0141-0.29%
    SGDCNY=X
    1.0263-0.0043-0.42%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,324.00-0.60-0.05%
    GCZ16.CMX
    18.63+0.14+0.76%
    SIU16.CMX
    95.80-0.72-0.74%
    ^XAU
    2.080.00+0.10%
    HGU16.CMX
    47.29-0.04-0.08%
    CLV16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.24+0.08
    ^FVX
    1.63+0.06
    ^TNX
    2.30+0.03
    ^TYX