Latest news with #RM3.90
Malaysian Reserve
22-05-2025
- Business
- Malaysian Reserve
Bursa Malaysia mirrors weaker Wall Street's performance at the opening
BURSA Malaysia opened lower on Thursday, mirroring a weaker Wall Street's performance overnight. At 9.03 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 4.99 points, or 0.32 per cent, to 1,539.81 from Wednesday's close of 1,544.80. The benchmark index had opened 3.34 points easier at 1,541.46. There were 280 decliners in the broader market and 52 gainers, while 199 counters were unchanged, 1,887 untraded, and seven suspended. Turnover stood at 116.88 million shares valued at RM52.17 million. Malacca Securities Sdn Bhd said that the overall local sentiment is expected to trade in a negative tone, tracking Wall Street's performance. It noted that trading opportunities may be seen in gold-related stocks, given the recent surge in gold prices amid global economic uncertainties. 'Despite the United States (US)-China tariff pause, pressure is mounting after the US warned that Huawei's Ascend chips would violate export controls, potentially capping upside for technology stocks. 'Nevertheless, we remain positive on domestic-driven construction stocks,' Malacca Securities said in a research note today. Among heavyweights, CelcomDigi, Hong Leong Bank and Press Metal were flat at RM3.90, RM20 and RM5.05, respectively, while Maybank eased 4.0 sen to RM9.96, Public Bank shed 6.0 sen to RM4.37, TNB slid 2.0 sen to RM4.08, and CIMB went down 1.0 sen to RM6.99. In active trade, Velesto, TA Win and SFP Tech were flat at 16.5 sen, 2.0 sen and 22 sen, respectively, while Harvest Capital and Alam Maritim gave up half-a-sen each to 18 sen and 3.0 sen, Perdana Petroleum shaved 1.5 sen to 16.5 sen, JCY International went down 2.0 sen to 33.5 sen and Sarawak Cable slipped half-a-sen to 2.5 sen. On the index board, the FBM Emas Index dwindled 50.22 points to 11,475.46, the FBMT 100 Index went down 46.94 points to 11,235.83, and the FBM ACE Index dipped 14.68 points to 4,611.37. The FBM Emas Shariah Index sank 46.51 points to 11,399.14, and the FBM 70 Index lost 109.62 points to 16,236.28. Across sectors, the Financial Services Index shed 77.94 points to 18,137.93, the Industrial Products and Services Index edged down 0.60 of-a-point to 154.45, the Energy Index was 6.35 points easier at 706.61, while the Plantation Index garnered 10.24 points to 7,340.02. — BERNAMA
Malaysian Reserve
19-05-2025
- Business
- Malaysian Reserve
Maxis downgraded to Neutral, with an unchanged target price of RM3.90
Maxis Bhd posted a 5.1% year-over-year increase in 1QFY25 net profit to RM371m on the back of lower depreciation and net interest costs. The results came in within our and consensus expectations, accounting for 25.4% and 25% of full-year estimates, respectively. Revenue came in flat as the increase in fibre, postpaid and device revenue was offset by lower contribution from the prepaid segment. We expect earnings to remain resilient in FY25F, supported by a steady domestic demand for affordable postpaid mobile services as well as fibre connectivity to homes. However, given the limited upside potential to our target price of RM3.90, we downgrade our rating from Trading Buy to Neutral. A first interim dividend per share of 4.0 sen was declared (1QFY24: 4.0 sen per share). – Public Investment Bank Bhd (May 19, 2025) (Calls by analysts tracked by Bloomberg: 9 Buy, 13 Hold, 2 Sell; Consensus target price: RM3.99)
New Straits Times
19-05-2025
- Business
- New Straits Times
PublicInvest: Maxis to deliver resilient FY25 earnings on steady postpaid, fibre growth
KUALA LUMPUR: Maxis Berhad is expected to deliver resilient earnings in the financial year 2025 (FY25), underpinned by steady domestic demand for affordable postpaid mobile services and growing adoption of fibre connectivity to homes. Public Investment Bank Bhd (PublicInvest) said the revenue came in flat in the first quarter of financial year 2025 (Q1 FY25) as the increase in fibre, postpaid and device revenue was offset by lower contribution from the prepaid segment. The firm noted that postpaid subscriber base was 10.3 per cent higher, driven mainly by Maxis Postpaid and Hotlink Postpaid, despite a 4.4 per cent year-on-year decline in average revenue per user (ARPU) to RM71.80. Consumer home connections were 5.1 per cent higher while ARPU declined by 3.9 per cent. Meanwhile, the decline in prepaid ARPU outpaced the growth in its subscriber base, falling 8.4 per cent year-on-year compared to a 2.3 per cent increase in users. On the company's investment in 5G wholesale network, PublicInvest said Maxis has recently proposed to acquire additional stake in Digital Nasional Bhd (DNB) from U Mobile for RM33,333, after the latter was appointed as the second 5G network provider by the government. Following the completion this by end-May, Maxis, CelcomDigi and YTL will hold an equal stake of 19.44 per cent (an increase from 16.3 per cent) each in DNB, with the remaining 41.67 per cent will be owned by the MoF. "Although the proposed investment is not expected to have any material financial impact in the immediate term, this helps to remove concern of Maxis having to spend a sizeable capital expenditure commitment in order to build its own 5G network. "While the three parties may have to explore infrastructure sharing arrangements that could complicate the rollout process, we believe this will be manageable as Maxis, Celcom and Digi have previously collaborated successfully to jointly develop and share fibre infrastructure," it said. Despite the stable earnings outlook, PublicInvest have downgraded Maxis' stock rating from "Buy" to "Neutral," citing limited upside potential with the stock trading near its target price (TP) of RM3.90.
New Straits Times
28-04-2025
- Business
- New Straits Times
EPF accumulates Gamuda shares, cuts position in KPJ Healthcare
Muhammed Ahmad Hamdan KUALA LUMPUR: The Employees Provident Fund (EPF) has been snapping up shares in Gamuda Bhd, lifting its stake in the property and infrastructure giant by more than four percentage points since the start of the year. EPF now holds an 11.91 per cent stake or 686.64 million shares in Gamuda, up from 7.51 per cent or 427.37 million shares on Jan 2. This represents a net accumulation of 259.27 million shares over the past four months. Gamuda's stock last changed hands at RM3.99, 15.11 per cent or 71 sen lower than RM4.70 at the start of the year. It's market capitalisation stood at RM20.01 billion. Year-to-date, the stock has traded between a low of RM3.59 and a high of RM5.20, compared to its 52-week range of RM2.60 to RM5.38. The counter has received five 'strong buy', 12 'buy' and two 'hold' calls, with a consensus target price of RM5.27, according to Bursa Marketplace. The 12-month target price implies an upside potential of 32.15 per cent from the current price of RM3.99. Gamuda, which pays semiannual dividends, declared a first interim payout of five sen per share on Jan 23, together with a dividend reinvestment plan at RM3.81 per share. For the second quarter ended Jan 31, 2025, the group posted a 17 per cent year-on-year jump in revenue to RM3.90 billion, while net profit climbed five per cent to RM218.85 million. Cumulatively, for the first half of its financial year, revenue surged 31 per cent to RM8.04 billion, with net profit rising five per cent to RM424.24 million compared to the same period a year ago. RHB Investment Bank Bhd, which has a 'buy' call on Gamuda, said the group boasts strong prospects from upcoming infrastructure projects. It cited Gamuda's secured role in the Penang Light Rail Transit project and its potential participation in water infrastructure projects, including the Sungai Perak–Bukit Merah Dam and Sungai Rasau Water Supply Scheme Stage 2. It said Gamuda is also a key partner in the Upper Padas Hydroelectric Dam project in Sabah and is among the contenders for major contracts under the Mass Rapid Transit 3 project. Meanwhile, EPF has also been increasing its holdings in several other blue-chip companies, including Tenaga Nasional Bhd (TNB), MISC Bhd, Sunway Bhd, and Sime Darby Property Bhd. Year-to-date, the fund has raised its stake in TNB by 2.23 percentage points to 20.46 per cent, representing a net accumulation of 132.89 million shares. TNB last traded at RM13.56, giving it a market capitalisation of RM79.05 billion, down 8.07 per cent or RM6.94 billion from RM85.99 billion when it was trading at RM14.76 on Jan 2. EPF also accumulated 46.90 million shares in MISC to raise its stake to 13.69 per cent, 59.63 million shares in Sunway to 8.65 per cent and 66.95 million shares in Sime Darby Property to 8.51 per cent. On the flip side, EPF has trimmed its stakes in several companies, notably KPJ Healthcare Bhd, where it sold 107.09 million shares, reducing its stake to 9.7 per cent from 12.16 per cent. KPJ last traded at RM2.72, 15.74 per cent higher than its Jan 2 price of RM2.35, giving the healthcare group a market capitalisation of RM12.31 billion. The fund also cut its holdings in Axiata Group Bhd by 75.63 million shares to 17.55 per cent, in AMMB Holdings Bhd by 23.90 million shares to 12.70 per cent, and in Sunway Real Estate Investment Trust by 7.07 million units to 15.95 per cent.
Associated Press
27-02-2025
- Business
- Associated Press
KJTS Reports 24% Revenue Growth to RM39.0 Million in Q4 FY2024
KUALA LUMPUR, MALAYSIA / ACCESS Newswire KJTS Group Berhad ('KJTS' or the 'Company'), a leading provider of cooling energy management solutions is pleased to announce its unaudited financial results for the fourth quarter ended 31 December 2024 ('Q4 FY2024"). The Company recorded a revenue of RM39.03 million, representing a 24% increase compared to RM31.50 million in the corresponding period last year ('Q4 FY2023"). KJTS recorded a profit before tax ('PBT') of RM3.90 million in Q4 FY2024, marking an 72% increase from RM2.27 million in Q4 FY2023. Similarly, profit after tax ('PAT') grew by 110% to RM3.88 million from RM1.85 million in the same period last year. The higher profitability was primarily driven by gross profit improvements, particularly from the Cooling Energy segment, which yielded stronger margins. Malaysia remained the largest market, contributing RM26.45 million or 67.77% of total revenue in Q4 FY2024, while Singapore generated RM7.09 million or 18.17% of total revenue in Q4 FY2024, up from RM6.42 million as compared to Q4 FY2023. Thailand saw a strong surge to RM5.49 million or 14.06% of total revenue in Q4 FY2024, a significant increase from RM0.65 million as compared to Q4 FY2023. KJTS Group Berhad For the full-year FY2024, KJTS posted total revenue of RM137.75 million, reflecting a 15% year-on-year growth as compared to RM119.90 million in excluding ESOS and listing expenses, full-year Profit After Tax and Minority Interest ('PATMI') increased to RM14.98 million in FY2024, representing a 84.4% growth from RM8.12 million in FY2023, highlighting the Group's strong operational performance and improved profitability. On a quarter-on-quarter ('QoQ') basis, revenue rose 16.35% from RM33.54 million in the preceding financial quarter ended 30 September 2024 ('Q3 FY2024") to RM39.03 million in Q4 FY2024, reflecting higher contributions across all key business segments. The Cooling Energy segment led the revenue growth, increasing by RM3.92 million in Q4 FY2024 as compared to Q3 2024, attributed to progress in ongoing EPCC projects. The Company's PBT surged by 56.74% QoQ to RM3.90 million in Q4 FY2024 from RM2.49 million in Q3 FY2024, mainly due to higher ESOS expenses recorded in the Q3 FY2024 and higher gross profit recorded in the Q4 FY2024 which was driven by the corresponding increase in revenue for Q4 FY2024. Assuming there were no ESOS expenses, the adjusted PBT would have risen by 15.76% to RM4.72 million, while adjusted PAT would have increased by 37.28% to RM4.71 million in Q4 FY2024, reflecting the Group's strong operational performance and cost efficiencies. Looking ahead, KJTS is well-positioned to navigate the evolving economic landscape with its strategic expansions and expertise in energy-efficient cooling solutions. On 3 February 2025, the Group announced the proposed acquisition of Malakoff Utilities Sdn Bhd (MUSB), expanding its cooling energy footprint in KL Sentral. This move reinforce its leadership in sustainable energy management, while government initiatives such as Budget 2025 and the National Energy Transition Roadmap provide a strong growth runway. With rising demand for cost-effective cooling solutions amid increasing energy costs, KJTS is set to capitalise on these industry shifts, driving long-term value for its stakeholders. KJTS Group Berhad is a leading provider of cooling energy management solutions, specialising in integrated energy services that enhance operational efficiency and sustainability for businesses across diverse industries. For more information, visit William Yeo
