AAX (5238), POHKONG (5080), DAYANG (5141), HANDAL (7253), SUPERMX (7106), GKENT (3204)
KUALA LUMPUR (Dec 15): Based on corporate announcements and newsflow today, the following stocks may draw interest tomorrow:
AirAsia X Bhd has placed a firm order for 55 Airbus A330neo aircraft, which is the single largest order for the Airbus family.
In a statement this evening, the company said deliveries of the newly-ordered aircraft will begin in 2018.
“This latest deal with Airbus will enable AirAsia X to consolidate its growth rate in 2015-2017 before ramping up deliveries from 2018 onwards.” co-founder and director of AirAsia X Tan Sri Tony Fernandes.
The A330neo aircraft reduces fuel consumption by about 14% per seat and increases flight range up to 400 nautical miles. The range capability enables possible direct flights from Kuala Lumpur to Europe.
The purchase consideration for the 55 A330neo aircraft is about US$15.2 billion, and will be funded by a combination of borrowings, the company's internal reserves and cash generated by its operations.
AAX share price was unchanged at 68.5 sen, with market value of RM1.62 billion.
Dayang Enterprise Holdings Bhd said its wholly-owned unit Dayang Enterprise Sdn Bhd has been awarded a contract for the provision of major modification works for the Bardegg-2 and Baronia EOR development.
According to its statement to Bursa, the contract, worth RM280.0 million, was awarded by Petronas Carigali Sdn Bhd on Nov 26, 2014.
“The contract is expected to contribute positively to the earnings and net assets per share of the Dayang group for the duration of the contract,” said the company.
Dayang share price shed 15 sen or nearly 6% at RM2.36, bringing its market capitalisation to RM2.08 billion.
Handal Resources Bhd bagged a contract extension from Petronas Lubricants International Sdn Bhd worth RM4.5 million.
The original RM17.5 million contract, which was undertaken in 2010, entailed the engineering, procurement, construction and commissioning (EPCC) of 22 new storage tanks for the Petronas Melaka Lube Blending Plant.
The extension, according to Handal, is expected to contribute positively to the group’s financial performance in financial year ending December 31, 2014 (FY14) and FY15.
Handal closed unchanged at 34 sen, giving it a market capitalisation of RM51.2 million.
The Securities Commission (SC) Malaysia has charged three individuals including Supermax Corporation Bhd chief executive officer Datuk Seri Stanley Thai with insider trading offences, which is related to Supermax unit APL Industries Bhd (APLI).
In a press statement today, SC said Thai, 54, was charged at the Kuala Lumpur Sessions Court this morning with one count of communicating non-public information between Oct 26 and Oct 29, 2007 to Tiong Kiong Choon, a remisier with a stock broking company.
Thai was then the chief executive officer of APLI, a company that was delisted from Bursa Malaysia in 2009.
In addition, the SC also charged Thai’s spouse Tan Bee Geok, who was the group executive director of APLI with one count of communicating non-public information to her sister, Tan Bee Hong, between Oct 23 and Oct 31, 2007.
In a separate press statement today, Supermax said that the charges on both Thai and Bee Geok are strictly related to transactions in APLI shares which allegedly occurred in 2007.
The company said that its business operations are not affected and are running as usual in all Supermax offices and factories.
The counter fell 32 sen or 16.49% today, bringing its market capitalisation to RM1.10 billion.
Poh Kong Holdings Bhd saw a 33% drop in its net profit to RM3.09 million in its first quarter ended Oct 31, from RM4.65 million in the previous corresponding quarter, despite posting higher sales for the period.
“The fluctuation of gold prices inevitably affected the group’s operating profits during the quarter under review,” said Poh Kong in a filing with Bursa Malaysia today.
Meanwhile, its revenue rose 8% to RM193.95 million during the quarter, from RM180.13 million in the year before, which was attributed to an increase in demand of gold jewellery products during the period.
Poh Kong share price closed lower at 38.5 sen, down one sen or 2.53%. Its market capitalisation was RM157.99 million.
George Kent (M) Bhd's net profit for the third quarter ended Oct 31, 2014 (3QFY15) went up marginally by 2.3% to RM7.23 million from RM7.07 million in the previous corresponding quarter, largely due to the steady progress of the Ampang LRT line extension project.
Revenue for 3Q15 rose 33.63% to RM96.03 million from RM71.86 million in 3QFY14, the group's filing to Bursa Malaysia today showed.
The company also declares a second interim single-tier dividend of 1.2 sen per share, to be payable on Jan 26.
Its cumulative nine-month (9MFY15) net profit rose 11.66% to RM19.8 million from RM17.73 million in the previous corresponding period. Revenue for the period, however, slipped 1.49% to RM235.93 million compared to RM239.49 million in 9MFY14.
George Kent share price fell five sen or 4.35% to RM1.10, translating to a market capitalisation of RM330.45 million.
http://www.theedgemarkets.com
