This list features companies that reported outstanding financial results for November 2024.

Here are the criteria for entering the list.
1) QoQ profit growth > 20%,
2) Profit Before Tax > RM 2 mil



Company Note Industry Profit QoQ
Muar Ban Lee Project completion under manufacturing division Diversified Industrial 20.80%
Plytec Increased revenue in engineering solution segment Industrial Services 20.93%
SKP Resources Increase in revenue EMS 21.20%
EPB Group Increase in revenue from food processing and packaging machinery solutions business segment due to higher delivery of customers’ orders Industrial Services 22.04%
Betamek Higher sales order revceived from Perodua, revenue contributed from newly acquired subsidiary, Sanshin (Malaysia) Sdn Bhd, consolidation gain Autoparts 22.39%
Affin Bank Higher net income and higher write back of impairment losses Bank 23.00%
Innoprise Plantations Berhad Higher sales volume of both CPO and PK, driven by higher FFB production by 11% due to seasonal trend. Plantation 24.00%
Pansar Higher contributions from Mechanical & Electrical and Construction & Infrastructure Segments, driven by a higher value of work done and improved margins. Industrial Services 24.00%
Vestland Higher completion of work done of on-going projects. Construction 24.20%
Kerjaya Prospek Group Improvement in progress of construction works activities. Construction 24.30%
QL Resources Higher sales volume for surimi based products despite lower unit pricel poultry segment higher profit due to lower feed cost and egg subsidies;  convenience store profit decrease due to absence of festive season and EPF Account 3 withdrawal in preceding quarter. Green energy segment record better profit (BM Green Bhd) Food & Beverage 25.00%
Far East Holdings Higher FFB Production, higher contribution from associates Plantation 26.00%
Karyon Industries Increase in in selling price of polymeric products and higher sales from trading steel products  Industrial Product 26.85%
Malayan Cement Higher domestic cement and ready mixed concrete sales volume as preceding quarter sales was affected by  festive season. Building Material 27.00%
Autocount Dotcom Increase in revenue from distribution of financial management software Software 27.40%
Sarawak Plantation Higher sales volume of both CPO and PK Plantation 27.45%
MBM Resources Higher vehicle sales for motor trading and assemnly division, stronger performance for auto parts manufacturing segment, higher profit from joint venture and associates Automotive 27.70%
Farm Price Absence of one off listing expenses Food & Beverage 28.19%
VSTECS ICT Distribution, which increased by 40.8%, Enterprise Systems by 23.7%, and ICT Services by 60.9% compared to the previous quarter. ICT Services 28.30%
Heineken Malaysia Stronger distribution effort and effective cost management Brewery 28.60%
Airasia X Better fuel pricing and strengthening of MYR Aviation 30.31%
MKH Oil Palm Higher FFB Production Plantation 30.48%
Southern Cable Higher sales volume of power cables and wires, as well as increased revenue from sales of aluminium rods and supply and installation of rectifier systems. Industrial Product 30.79%
Pekat Group More projects delivered Renewable Energy 34.80%
MN Holdings Substantial progress on major projects secured by the Group as of that financial quarter. Industrial Engineering 35.00%
Sunway Bhd Higher performance across all segment (Property Development, Construction, Healthcare, Trading and Manufacturing) Diversified Industrial 35.70%
DPS Resources Stronger performance from furniture segment Furniture 36.56%
NPC Resouruces Higher selling price for CPO and FFB and higher forex gain Plantation 37.96%
Hong Leong Industries Higher sales of motorcycle and gain from disposal of land Automotive 40.00%
Sunway Construction Accelerated progress in data centre and other newer projects, leading to improved profitability. Construction 40.50%
Teladan Group Berhad Increase in revenue recognised from the ongoing projects of Taman Bertam Heights Construction 43.74%
Skyworld Higher progressive revenue recognised from SkyVogue Residences, Curvo
Residences and Vesta Residences.
Property 44.30%
Sealink Higher vessel utilization rate Energy Services 45.00%
MHC Plantation Higher sales volume of both CPO and PK Plantation 46.00%
TSH Resources Disposal of land Plantation 46.07%
BM Greentech Higher revenue for bio-energy, water treatment and solar energy segment, reverasl of provision of doubtful debts. Industrial services 49.00%
Oriental Holdings Higher operating profit from plantation and investment properties and
trading of building material products segments.
Diversified Industrial 49.23%
Johor Plantations Bhd Increase CPO delivery volume Plantation 52.00%
AME Elite Higher contributions from property development, construction services, engineering services and property management and investment services segments Property 52%
APM Higher profit from interior & plastics segment and turnaroudn from indonesia operations Autoparts 52.50%
Taann Holdings Berhad Higher selling price for CPO and FFB, gain in the fair value of biological assets Plantation 53.00%
Selangor Dredging Forex gain aganst the Singapore dollar and increase in the share of associate results Property 55.20%
Evergreen Max Cash Capital Expansion of "Pajacking" pawnshop; unredeemed pledge gold item deliver good results Other Financial 56.00%
Unique Fire Holdings Sustained demand in the construction and property development sectors Industrial Product 59.97%
Nationgate Lower gross profit despite higher revenue, higher profit due to depreciation of USD against MYR which resulted in favourable forex gain Semiconductor 63.24%
OKA Higher volume of products sold. Flood mitigation project and private construction sector will spur growth Building Material 64.00%
JCY International RM31.7 mil negative impact from forex changes in the reporting period, One-time positive gain of RM48.6 mil due to recycling of translation differences resulting from the closure of a foreign subsidiary Technology Equipment 64.55%
Paragon Globe land sales in Desa Cemerlang, Johor as well as sales of detached factories and shop offices in Pekan Nenas, Johor. Property 68.51%
Catcha Digital Berhad Higher online advertising revenue as a result of increased advertisement inventory which saw iMedia Group expanding into new advertisement formats such as the outdoor cinema event. Media 70.42%
Lysaght Galvanized Steel Higher sales of poles and masts Steel 72.00%
Lion Posim Strong profit from building material division (Steel products) Building Material 82.00%
SD Guthrie Higher sales volume of both CPO and PK, lower fertiliser price Plantation 83.00%
IOI Corp Fair value gain on biological assets and derivative financial instruments Plantation 88.79%
Hup Seng Industries Domestic market increased by 35% while export market increase by 13% mainly from Saudi Arabia, Singapore and Japan. The significant increased is mainly due to the contribution of the new oven. Food & Beverage 91.00%
Kim Teck Cheong Forex gain from strengthening of MYR Consumer Services 92.00%
Powerwell Holdings Increased delivery of projects Industrial Services 94.10%
Hap Seng Plantation Higher production volume for CPO, gain in the fair value of biological assets Plantation 100.00%
Rhong Khen International Higher sales from Vietnam due to higher shipment volume, higher profit due to lower distribution expenses, absence of inventories write down and forex gain Furniture 100.00%
OCB Higher revenue in consumer food divisions, higher profit lifted by first time profit from property development division Property 107.00%
Radium Development Performance driven by on going projects, namely the Suite Chanselor and Residensi Desa Timur Property 108.00%
Cengild Medical increase in patient volume and number of surgeries performed. Healthcare 109.64%
HSS Engineers Higher revenue from Middle East Region Industrial services 117.00%
LTKM Higher subsidies received from government for poultry sector Poultry 119.00%
LTKM higher profit before tax mainly contributed by higher subsidies received from Government as compared to preceding quarter. Poultry 119.00%
EG Industries Revenue dipped slightly as the group is focusing on yield improvement for 5G wireless acess and photonic related profit. Higher profit due to favourable product sales mix and forex gain Semiconductor 121.00%
MBSB Increased financing income and contributions from MIDF integration Bank 122.69%
i- Bhd sales and recognition of work progress and profits from ongoing development of BeCentral Residences, as well as significant improvement in themepark and hospitality segment arising from the improved visitation to the themepark and hospitality segment. Property 123.50%
BLD Plantation Higher sales volume of both CPO and PK Plantation 129.58%
Asian Pac Holdings Higher revenue recognition from on going property development projects, higher contribution from mall and car park operation in Kota Kinabalu (KK), Sabah Property 130.36%
Icon Offshore higher charter rates for long term contract and higher utilisation of vessels (78% vs 63%). Energy Services 133.00%
Lay Hong Bhd higher profit before tax mainly contributed by higher subsidies received from Government as compared to preceding quarter. Poultry 137.28%
TH Plantations Higher sales volume of both CPO and PK Plantation 139.91%
Ibraco Stronger performance from property development and construction segment Construction 145.00%
Masteel Higher sales volume, higher margin and forex gain Steel 145.00%
Sam Engineering Higher revenue from Equipment segment was mainly due to increase in demand from the semiconductor customers. For the Aerospace segment, the higher revenue was due to increase in sales of casing and structure products. Industrial Product 146.41%
Kelington Group Bhd Higher gross profit margin driven by a strategic focus on revenue composition, favourable project mix and higher contributions from the industrial gases division Industrial Product 148.00%
D&O Green Gain in favourable forex position Autoparts 149.10%
Ranhill Utilities Stronger performance from RanhillSAJ, power division and consultancy and services division Utilities 149.50%
Manulife Higher unrealised fair value gains from bond and higher dividend income from equity investment Insurance 160.00%
Anmanahraya Reits Improvement in Net Property Income and reduction in Trust and Borrowing costs. Reits 160.50%
Scicom Higher transactional volume for certain customer from BPO Division Business Services 160.73%
Genting Malaysia Unrealised forex gain on USD denominated borrowings Gaming 163.55%
Taliworks Road toll segment, Grand Saga Highway received government compensation which contributed significantly Utilities 164.55%
TPC Plus Higher subsidies received from government for poultry sector Poultry 193.00%
Prolintas Business Trust Rise in traffic volume, additional deferred tax credit of RM 6.7 million Highway 197.00%
Alam Maritim Newly awarded subsea contract lifted revenue Energy Services 204.00%
Southern Acids Higher prodit contribution from healthcare services and reduced loss in oleochemical manufacturing Diversified Industrial 207.00%
Fitters Diversified Stronger profit from waste to energy division and better crop seasons and higher oil extraction rate for palm oil segment Diversified Industrial 217.80%
Mitrajaya Holdings Stronger construction division Construction 222.30%
Minox International Increase demand from sanitary valves and fittings from the F&B industry Industrial Product 243.60%
Plenitude Stronger hotel business performance, preceeding quarter included an impairment loss of RM 13.9 million on assets held for sale Property 309.00%
Jaya Tiasa Higher sales volume of both CPO and PK Plantation 326.25%
Securemetrics The increase in revenue was mainly due to the increase in revenue from 2FA (amounting to RM0.02 million), electronic identification products (amounting to RM0.18 million) and others maintenance services (amounting to RM4.57 million). However, the increase was partially offset by the decrease in revenue from software licensing protection dongles (amounting to RM0.25 million), PKI (amounting to RM0.64 million) and CENTAGATE® (amounting to RM0.40 million). Digital Services 340%
Jaks Resources Higher share of profit from Vietnam joint venture Construction 344.00%
BIG Industries Gigher revenue of Gas Division was due to securing supply of liquefied gas to the oil and gas industry for their maintenance activities. Industrial Services 358.24%
OSK VI Higher valuation gain contributed from the private portfolio Other Financial 372.00%
Protasco Reversal of impairment of receivables and reversal of provision for TNB penalty Construction 416.00%
WCT Net gain from the remeasurement of interest in a jointly controlled entity Construction 458.00%
Gromutual Sales of completed industrial projects, fair value gain in land, gain on disposal of investment property Property 600.00%
Axiata Stronger contribution from Edotco, XL, Smart and Robi Telco 622.96%
Rimbunan Sawit Higher sales volume of both CPO and PK Plantation 711.00%
Heitech Padu Gain on disposal of land and building Software 822.00%
Shangri-La Hotels Higher occupancy level and average room rates Hotel 937.00%
KPHT Holdings Increase in demand for automotive parts and components Autoparts 1128.00%
TMC Life Sciens higher inpatient volume and case intensity in Thomson Hospital Kota Damansara. Healthcare 1207.00%
Gagasan Nadi Higher profit from property development segment Property 1900.00%
Pharmaniaga Absence of one off impairment and provisions Pharmaceutical 3989.00%
Subur Tiasa Higher FFB Production and higher price Plantation 4553.00%
Destini Bhd Absent of impairment of investment in subsidiary, trade receivables and intangible asset amounting to RM107.03 million which was incurred in the preceding quarter. Energy Turnaround
MMAG Foreign exchange gains resulting from the depreciation of the USD, as well as enhanced operational efficiency, particularly in the air freight and courier
and logistics segments.
Aviation Turnaround
Matang Higher FFB Production and higher price Plantation Turnaround
Berjaya Asset Higher sales recognition from Time Square 2 project Property Turnaround
Synergy House Higher contribution from USA, UK and middle east market, forex gain Furniture Turnaround
LBI Capital Higher revenue generated from sale of inventories. Property Turnaround
Maybulk Shipping Bulkers Segments see increased number of hire days (Q3 2024: 92 days vs Q2 2024: 64.16 days) and increase of charter rate )Q3 2024: USD13,457/day vs Q2 2024: USD7,833/day). Strong demand from shelving and storage solutions segment Shipping Turnaround
Varia Stronger contributions from Perkeso project, Pulau Indah and Lnagat 2 project Construction Turnaround
Benalec Higher land disposal recognition Construction Turnaround
Rex Industry One off gain on disposal of property Food & Beverage Turnaround
Mui Industry Net forex gain, preceding quarter record a loss on divestment of 85% equity interest in Network Foods International Ltd Hospitality Turnaround
Country Heights Sales of completed property Belezza Phase 3 project and sale of land Property Turnaround
Seni Jaya Corp Higher revenue and absence of goodwill impairment Media Turnaround
Mudajaya Group Reversal of provisions for mine restoration and land reclamation by its cement business in China Construction Turnaround
Annum Bhd Stronger business in agricultural business segment and reversal of allowance for impairment loss on other debtor Agriculture Turnaround
XOX Bhd One-off disposal gain from the sale of a subsidiary and lower
impairment loss on investments.
Telco Turnaround
Ivory Properties Commencement of new construction projects Property Turnaround
Capital A Forex Gain Aviation Turnaround
Dnex Stronger performance from energy segment Diversified Industrial Turnaround
SEG International Increase in student enrolment numbers Education Services Turnaround
Tune Protect Group Increase in insurance service result, higher investment income Insurance Turnaround