| Company |
Note |
Industry |
Profit QoQ |
| Awanbiru Technology |
Higher software and services
revenue after securing major contracts. Ongoing transformation plan
formulated in 2021, centered around our key offerings of Cloud-Based Software
Solutions, Platform as a Service, Infrastructure as a Service, Talent as a
Service, and System Integration. |
Software |
165.00% |
| MNRB |
Strong
growth in general takaful and reinsurance business. Higher Insurance income
due to better claims experience and high income from investment return |
Insurance |
272.07% |
| Mi Technovation |
Higher volume of machine
deliveries and forex gain from strengthening US Dollars. |
Semiconductor |
126.70% |
| SLP
Resources |
Better
Product mix and increased production output |
Plastic
Packaging |
246.30% |
| Swift Haulage |
Additional revenue from
increased in feet capacity for land transportation, expansion of warehouse in
auto logistics and increased in depot business. Higher other income from the
disposal of 12.5% stake in Global Vision Logistics Sdn Bhd (GVL). Malaysia trade
performance is positive for company business. Finalizing acquisition of a
118,000 sqft warehouse in Penang in Q2 2024. GVL is completing phase 1 of
Shah Alam Logistics Hub by Q4 2025. |
Logistics |
128.00% |
| YX Previous
Metal |
Higher
gold jewellery selling price and higher gold jewellery sales volume |
Gold |
69.48% |
| Heineken |
Effective execution of CNY
campaign and strategic commercial initiative alongside with cost management
initiative |
Brewery |
22.00% |
| Hengyuan
Refining Co |
Higher
volumes sold in 2024 Q1 compare to 2023 Q1 after the completion of major
turnaround activitiy in 2023 Q3. During Q1 2024, Mogas crack improves, but
decline in Gasoil and Jet A1 cracks against the precedent quarter. |
Refinery |
Turnaround |
| Petron Malaysia |
Higher colume sold due to growth
in depart, higher refinery production and ongoing network expansion program |
Refinery |
68.00% |
| Engtex |
Increased
in market demand and increase in production ouput delivery of mild steel
concrete line pipes and wire mesh. Hotel segment seen an increase in average
occupancy rate from 32.3% in 2023 to 41.7% in 2024. |
Steel
Pipe |
150.00% |
| Malaysia Smelting Corp |
QoQ lower sales quantity of
refined tin despite higher average tin price. Q4 2023 loss mainly due to
forex loss and additional provisions for staff bonus and retrenchment
compensation cost. YoY higher average tin price but lower profit due to
absence of sale of refined tin derived from the processed in tin
imtermediates and sale of by-products. |
Tin Smelting |
64.00% |
| Guan Chong
Bhd |
Higher
selling price for cocoa butter and increased sales volume for cocoa solids |
Cocoa |
503.00% |
| Orgabio |
Higher demand from its customers
for instant beverage premix manufacturing services for third party brand
owners. |
Food & Beverage |
37.00% |
| IQ Group |
Higher
sales due to new product launched, stronger USD but impacted by higher
provision for stock obsolence |
Electrical
Product |
Turnaround |
| Shin Yang Shipping |
Increase in the shipment volume
in shipping segments and the increase in profit margin and the number of
vessels delivered under ship repair and maintenance works in the shipbuilding
and ship repair segments. With the gradual recovery of charter rates in the
offshore vessels (OSV) segment and the current gap in new building orders for
different OSV over the past few years, and recycling of ageing OSV as well,
the Group foresees a steady and healthy increase in orders for replenishment
of OSV for next few years to come. |
Shipping and ship building |
87.60% |
| Wasco |
Execution
of projects from the strong order book of the energy segment and one off gain
on the disposal of assets |
Energy
Services |
62.00% |
| Datasonics |
More supplies of smart cards and
passports |
Digital Services |
134.00% |
| Efficient E
Solutions |
higher
revenue recorded in IT Services - Cybersercurity for the solutions provided
to customers and revenue conrtibution from newly acquired subsidiary, RRM
under document storage segment. |
Business
Services |
Turnaround |
| Berjaya Corp |
Stronger performance from
overseas property and lottery segment |
Diversified Industries |
Turnaround |
| Nation Gate |
Higher
demand especially from Networking and Telecommunication, Data Computing and
Industrial Instruments segment. |
Electronic
Manufacturing Services |
31.90% |
| Nextgreen Global |
|
Mfg of pulp and paper |
198.00% |
| Eonmetall
Group |
Compulsory
land acquisition on part of the vacant land located at Kapar, Selangor; lower
losses incurred from overall business segment and no impairment on trade
receivable. |
Steel
Trading |
Turnaround |
| SMIS Corp |
Increase in sales and there was
a provision made for Indonesia import duty in Q4'23 |
Auto Parts |
Turnaround |
| PCCS |
Influx
of higher-margin orders and enhanced order acquisition within the Cambodia
Apparel segment |
Apparels
Mfg |
278.00% |
| Encorp |
Reversal of cost of sales |
Property |
Turnaround |
| Pacific
& Orient |
Unrealised
gain on foreign exchange of RM8,003,000, primarily arising from loans for
investments in foreign start-ups and property development within the Group. |
Insurance |
Turnaround |
| SHL |
Stronger performance from the
property development sector. (Goodview Heights in Bandar Sungai Long) |
Property |
39.30% |
| Southern
Acid Bhd |
Oleochemical
segment delivered stronger result. Palm oil cultivation and healthcare
services delivered steady performance |
Oleochemical |
22.80% |
| SKB Shutters |
Increasse in sales of shutters
and racking products |
Industrial Products |
15.99% |
| Muhibbah
Engineering |
made a general non-cash provision of about
RM40.0 million in preceeding quarter for long outstanding claims of which the
group is still pursuing recovery. |
Energy
Services |
372.29% |
| Jaks Resources |
Higher impairment loss on
goodwill and receivables in the preceding quarter. |
Construction |
Turnaround |
| Asia File
Bhd |
Improvement
in sales from Consumer and Food ware division |
Household
Goods |
34.20% |
| IOI Properties Group |
Land sales in Senai Johor, IOI
City Mall opened phase 2, opening of new hotel, Moxy Hotel |
Property |
42.00% |
| RGB
International |
Increase
in number of products sold and stronger performance from technical support
management division. The Group's prospects remain robust, especially in key areas including the
Philippines. |
Gaming |
Turnaround |
| Bumi Armada |
Impairment of Armada Kraken FPSO
and Subsea Construction assets in Q4 2023. |
Energy Services |
Turnaround |
| MN Holdings |
Strong
contributed from substation engineering segment |
Construction |
80.00% |
| MESB |
Stronger sales during festive
seasons for retail segment, Waste Recycling segment was primarily driven by
the additional contributions from three newly acquired companies |
Industrial Services |
195.37% |
| Time Dotcom |
Lower
provision for impairment of property, plant and equipment and lower inventory
written off in Q1 2024 |
Telco |
27.00% |
| Hong Leong Capital |
Stronger performance from its
stock broking division |
Stock Broking |
40.70% |
| Negeri
Sembilan Oil Palm |
Higher
FFB Selling price and decrease in plantation operating expenses |
Palm
Oil |
303.88% |
| KUB |
Gain on fair value of investment |
Diversified Industries |
182.00% |
| Sealink |
Higher
utilisation of vessel and improved charter rate. |
Energy
Services |
Turnaround |
| Airasia X |
Healthy passenger load factor of
83% along with higher average passenger fare of 5% and ancillary revenue of
9%. Operating costs for this quarter continue to be impacted by the weakening
of the Malaysian Ringgit against the US Dollar. However, it is mitigated by
better fuel pricing (Q1'24: USD108/barrel; preceding quarter Q4'23:
USD131/barrel) |
Aviation |
301.31% |
| Chin Well |
Strong
performance from Fasteners Products segment and improve in profit margin |
Industrial
Products |
892.52% |
| JAG Berhad |
Rise in commodity prices,
particularly copper, gold, silver and tin has boosted the business segment's
profit margins |
Industrial Products |
Turnaround |
| WCT |
Loss
in immediate preceeding quarter was due to reversal of profits which has
accrued on various projects resulting from prolongation, material and labor
cost escalation |
Construction |
Turnaround |
| NPC Resources |
Lower manuring cost from
plantation segment |
Palm Oil |
1453.46% |
| Dominant
Enterprise |
Slight
improvement in market sentiments, as well as the expansion of our customer
base. |
Wood
Products |
26.76% |
| Cnergenz |
Decrease in sales of standalone
SMT Machines and equipment and provision of other services, expansion of
gross profit margin |
Industrial Products |
1269.78% |
| Farm Fresh
Bhd |
HORECA
(hotels, restaurants and cafes) and commercial UHT sales,
positive impact from launching of new products and revenue contribution
from the recently acquired The Inside Scoop Sdn. Bhd. (“Inside Scoop”) and
Sin Wah Ice Cream Sdn Bhd (“Sin Wah”). Farm Fresh Grow powder format launched
in December 2023, made from pure dairy with rich fortification of vitamins,
minerals, prebiotics and probiotics, has been doing very well in the first
few months of launching with a great reception from consumers and good sales
growth. launch Consumer packaged Good, CPG ice cream by June 2024 from our
Taiping plant, while waiting for the Enstek plant to be completed in the
second half of 2025. Philippines plant start operational by July 2024.
Australia results starts to improve beginning Apr 2024 after exporting to the
Middle East Market. |
Food
& Beverage |
26.90% |
| Taliwork |
Stronger performance from water
treatment and supply segment due to lower rehabilitation and maintenance
expense. |
Utilities |
148.02% |
| Teo Guan
Lee Corp |
Higher
sales due to festive seasons |
Retail |
54.00% |
| EPMB |
Ongoing efforts in optimizing
its operation |
Auto Parts |
48.20% |
| Parkson
Holdings |
Stronger
sales during festive seasons. Loss before tax in the immediate preceding
quarter included impairment loss on intangible assets (goodwill) amounted to
RM83 million. |
Retail |
Turnaround |
| Shangri-La Hotels |
Substantial improvement in
profit contribution from Rasa Ria Resort. |
Hotel |
Turnaround |
| Sin Heng
Chan |
Strong
result from Energy and Facility Management. The group supplies chilled water
to the Pagoh Education Hub, Johor and Dataran Pahlawan Megamall, Melaka. |
Diversified
Industries |
63.60% |
| PTT Synergy |
Disposal of non-core assets and
decrease in the finance cost as a result of early settlement of financing. |
Construction |
386.77% |
| Ageson |
Operating
expenses is higher in the previous quarter mainly due to impairment
of receivables. |
Construction |
890.57% |
| Oriental Holdings Bhd |
Higher operating profit from
hotels and resorts and plantation segments and gain on disposal of Bayview
Eden Melbourne Hotel in Australia of RM 209.8 million. |
Diversified Industries |
70.46% |
| AYS |
Higher
average selling price, reversal of impairment loss in inventories and lower
interest expenses during the current quarter under review. |
Steel
Product |
324.47% |
| Berjaya Land |
Stronger result from lottery and
automotive segment |
Diversified Industries |
Turnaround |
| Jetson |
Gain
on disposal of subsidiaries under Construction and Property division. |
Diversified
Industries |
286.10% |
| Cheetah |
Higher revenue due to festive
season, gain on disposal of quoted investment, a fair value gain in other
investments and a reduction in staff costs. |
Retail |
Turnaround |
| Kitacon |
Higher
level of construction activities |
Construction |
26.10% |
| BM Green Energy |
Higher boiler deliveries for
bio-energy segment and higher number of project completed for soalr energy
sesgment |
Renewable Energy |
77.00% |
| WTK |
One-off
gain on bargain purchase of RM7.7 milliom related to the acquisition of
Durafarm recognised in 1Q2024; Local customers and dealers stocking up before
price adjustments for tape segment |
Diversified
Industries |
Turnaround |
| PDZ |
lower administrative expenses
and reversal of provision for liabilities due to
outcome of a litigation matter in favor of the Group. The joint development
and operation of an e-Commerce logistic hub in Johor with Sanichi
Technology Bhd is ongoing. |
Logistics |
Turnaround |
| Censof |
More
projects secured |
Software |
47.30% |
| Vestland |
Higher completion of work done
of on-going projects. |
Construction |
40.60% |
| Titijaya |
Stonger
sales from the on-going projects namely, The Riv @ KL Sentral and Seiring @
Bukit Subang. |
Property |
260.12% |
| Mayu Global |
New progress billing of
Rm8.29Mil by Marminton Homes project at Raja Uda, Butterworth and Increase
sales volume in Steel Manufacturing segment and
Trading segment. |
Property |
Turnaround |
| Al-Aqar
Healthcare Reit |
Revaluation
of Properties |
REIT |
58.00% |
| Agmo Holdings |
Lower outsource development
services costs |
Software |
105.00% |
| JCBNext |
Higher
performance from investment holdings |
Investment
Holdings |
40.00% |
| Genting Bhd |
Stronger performance from
Singapore leisure segment and property segment |
Diversified Industries |
59.00% |
| Excel Force |
Lower
cost of sales |
Software |
21.00% |
| Marco Holdings |
Strong sales of calculators
during the back to-school season |
Household Goods |
52.00% |
| Kinergy
Advancement |
Impairment
provided for in the preceding quarter |
Renewable
Energy |
96.90% |
| Tomei Consolidated |
Stronger sales during festive
seasons and higher gold jewellery selling price |
Retail |
152.00% |
| Pintaras
Jaya |
Improved
performance from both the construction and manufacturing divisions coupled
with higher fair value gain recognised for quoted investments in the current
financial quarter. |
Construction |
217.00% |
| Menang Corp |
Adjustment to reverse the over
accrued liability in current period |
Concession for UiTM |
64.79% |
| Affin Bank |
Higher
write-back of impairment losses, lower overhead expenses, and higher Islamic
banking income |
Bank |
178.00% |
| Sports Toto |
Stronger sales during festive
seasons and lower prize payout |
Gaming |
110.40% |
| OCB |
Higher
products margin for food division. |
Food
& Beverage |
159.52% |
| JCY International |
Improved demand from our key
customers. The company continued to improve its cost structure and enjoy
economies of scale for some of the product. |
Hard Disk |
Turnaround |
| Plytec |
Higher
revenue from sales of deck formwork and modular shoring systems from various
project abd absence of one-off listing expenses. |
Industrial
Services |
Turnaround |
| Kossan Rubber |
Previous quarter inclusive of a
one-off impairment loss of plant and machinery amounted to RM35.38 million. |
Gloves |
3802.00% |
| Sime Darby |
Slightly
higher profits from Australasia mainly due to higher equipment deliveries.
This was partly offset by lower profit from the China operations, mainly
attributed to slowdown in the construction industry. |
Diversified
Industries |
33.70% |
| Box-Pak |
Gain on foreign exchange
difference |
Packaging |
83.30% |
| Plenitude |
Sales
from completed units Harp 2B double storey cluster homes at Taman Desa
Tebrau, Johor Bahru |
Property |
141.32% |
| NHFatt |
Higher revenue, lower costs and
favourable forex movement. |
Auto Parts |
209.09% |
| Evergreen |
higher
selling price for fibre board and foreign exchange gain in the current
quarter as compared to a foreign exchange loss in the previous quarter. |
Wood
Products |
Turnaround |
| Ingenieur Gudang |
Higher work progress from the
construction segment, gain on disposal of assets |
Construction |
357.00% |
| Metrod |
Higher
sales volume for copper and stronger performance from hospitality segment |
Copper |
Turnaround |
| Sunview |
Higher profit margin from
commercial and industrial rooftop projects |
Renewable Energy |
200.80% |
| Masteel |
Higher sales volume, higher selling price
and higher profit margin. Affected by construction activity and property
sales in Malaysia |
Steel |
171.22% |
| Mycron
Steel |
Higher
average selling price and better volume by the Cold Rolled Segment. Steel
tube segment average selling price by volume drops affected by CNY and
Ramadan festive |
Steel |
5538.00% |
| Melewar Steel |
Higher average selling price and better volume by the
Cold Rolled Segment. Steel tube segment average selling price by volume drops
affected by CNY and Ramadan festive. Improved gross spread in the steel tube
segment |
Steel |
Turnaround |
