For the period Dec 2021, the companies that delivered outstanding quarter results are mainly from the steel and aluminum industry.


StockRevenue (RM'000)Net Profit (RM'000)QoQ (%)YoY (%)Remark
ASTINO136,46917,57642%53%1. yoy - the Group achieved a total turnover of RM136.5 million for the current quarter ended 31 October 2021, a decrease of 14.8% or RM23.7 million from RM160.2 million recorded in the preceding year’s corresponding quarter. The lower revenue for the quarter under review as compared with the corresponding quarter of FY2021 was mainly due to the Group only can operate under the approved capacity level allowed by the Malaysian Government in relation to the implementation of the Full Movement Control Order (FMCO) on 1 June 2021.
- The profit before tax (“PBT”) for the current quarter under review was 49.5% higher than the preceding year corresponding quarter ended 31 October 2021. These were mainly due to the increase in profit margin.
2. qoq - The higher revenue and PBT for the current quarter under review as compared with the preceding quarter was mainly due to the preceding quarter decline in production capacity caused by the temporary suspension of manufacturing operations at Bukit Beruntung and Malacca’s plant in order to comply with government directives to mitigate the spread of COVID-19.
CYPARK86,95325,72354%21%1. yoy, qoq - mainly contributed by the continuous work progress from the large-scale solar (“LSS”) projects and specialist & consultancy works performed in the current quarter.
HIGHTEC5,9625,847-31%345%1. yoy
- Manufacturing segment registered higher pre-tax profit despite slightly lower revenue mainly due to lower operating expenses and higher gross profit margin. (Core)
- Property investment segment posted slightly lower revenue and lower pre-tax profit mainly due to a year-end adjustment in the current year.
- Property development segment recorded a pre-tax loss as there were no new sale proceeds.
- Plantation segment recorded a significant increase in revenue and a record pre-tax profit mainly contributed by higher FFB yields as well as higher FFB selling price (second largest revenue)
2. qoq - decrease on qoq mainly due to the Group recorded a jump in pre-tax profit from RM2.906 million to RM8.858 million mainly due to a non-recurring income from resale of treasury shares in the previous quarter
KMLOONG492,80441,08714%42%1. yoyo - The remarkable performance for the current financial year-to-date was mainly due to higher average selling prices of FFB and CPO by 70% and 66% respectively.
2. qoq - Despite a marginal increase in average FFB selling price by 5% with stagnant FFB production, the profit from the plantation operations has dropped by 37% or RM12.35 million to RM21.23 million due to a fair value loss of RM14.07 million arising from fair value changes in commodity derivatives recognised as other expenses in the current quarter.
AEONCR376,471103,46437%145%1. yoy - The increase was mainly due to the incremental increase in revenue of RM6.600 million coupled with a reduction in the allowance for impairment losses of RM294.680 million
2. qoq - PBT for the current quarter was recorded at RM164.028 million, an increase of 60.6% as compared to RM102.145 million recorded in the immediately preceding quarter. The higher PBT was mainly due to lower impairment losses of RM33.090 million recorded in the current quarter as compared to RM92.226 million for the immediately preceding quarter
CYL12,0562,449376%417%1. yoy, qoq - The Group reported revenue of RM12.06 million. Consolidated profit before tax increased by 199.84%. The increased performance is mainly due to the reversal of write off of certain categories of stocks that had to be accounted for in prior accounting periods.
SUBUR136,25318,871-3%846%1. yoy, qoq - Oil palm segment’s revenue increased by 34% to RM84.1 million while pre-tax profit increased by 34% to RM41.3 million mainly contributed by: higher CPO price from RM4,183/MT to RM4,725/MT during the current quarter; improved FFB sales volume by 18%.
- Revenue from the timber segment has improved by 18% to RM50.6 million due to higher logs sales volume however, the pre-tax loss has increased to RM12.4 million, which included impairment provision on property, plant and equipment.
GAMUDA747,114152,369-29%39%1. qoq - The Group posted a quarterly net profit of RM152 million, a decrease of 29% compared to the immediately preceding quarter net profit of RM214 million on the back of lower overseas property earnings as Vietnam was in lockdown this quarter.
2. yoy - The Group’s earnings rose 38% due to stronger earnings from all divisions as works on all fronts continued to pick up the pace on the back of the Group’s rigorous Covid-19 control measures.
UMCCA143,85436,09673%386%1. yoy - Higher EBITDA in the current quarter was mainly due to a higher average CPO price of RM4,327/tonne (preceding year: RM2,745/tonne) and PK price of RM2,719/tonne (preceding year: RM1,559/tonne) as well as higher FFB production by 2% or 1,688 tonnes.
2. qoq - Higher EBITDA in the current quarter was mainly due to a higher average CPO price of RM4,327/tonne (preceding quarter: RM3,776/tonne) and PK price of RM2,719/tonne (preceding quarter: RM2,542/tonne) as well as higher FFB production by 7% or 5,733 tonnes.
ANALABS29,2056,863-16%188%1. yoy - The Group’s profit before taxation was recorded at RM7.5 million for the current quarter as compared to RM2.8 million in the corresponding quarter of the preceding year mainly contributed by contract work, pipe laying and rehabilitation segment and dividend income from quoted investment.
2. qoq - Revenue for the current quarter increased by 8.2% as compared to the immediately preceding financial quarter. The revenue growth was due to improvement in contract work, pipe laying and rehabilitation segment as well as consistent return from investment holding activities. Profit before taxation decreased by 14.9% as compared to the immediately preceding financial quarter due to the continued increase of the cost of materials.
HIAPTEK406,62671,08818%921%1. yoy - The strong performance can be attributable to the continued strength of steel prices and increased volume from the Group’s downstream activities and also from a significantly higher contribution from the JV entity. The JV entity contributed a profit of RM23.27 million to the Group for the quarter under review as compared to RM3.87 million in the preceding year’s corresponding quarter. The JV entity’s much-improved performance was attributable to higher steel prices, costs savings arising from the 55MW power plant completed in October 2019, the completion of its first 100,000 MT coke oven plant in June 2021 and the second 100,000 MT coke oven plant in October 2021.
2. qoq - The Group achieved a commendable Profit before Tax of RM86.33 million in 1Q2022 as compared to RM68.09 million in 4Q2021, primarily attributable to much-improved volume and margins from the Group’s downstream operating entities. The Group recorded a significantly lower share of profit from the JV entity of RM23.27 million in the current quarter as compared to RM49.45 million in the immediately preceding quarter is due to the reversal of impairment loss of RM66.15 million at the JV level in the immediately preceding quarter.
WONG20,5562,8340%660%1. yoy - The Group’s PBT grew RM1.54 million (up 183%) to approximately RM2.38 million relative to RM0.84 million reported in Q4’20. The manufacturing segment drove the increase in profit as a result of higher revenue and better factory utilization offset by lower profits from Construction in tune with its lower billings
2. qoq - profit before tax decreased by RM1.61 million (down 40%) to RM2.38 million due to escalating input cost pressure for Manufacturing arising from the higher cost of raw materials, logistics and disruptions in the supply chain besides a less favourable product mix comparative to Q3’21. Additionally, the Investment segment also led to the Group’s overall lower PBT as it records lower fair value gain in Q4’21 relative to Q3’21
KEINHIN75,1284,5371845%95%1. qoq - The revenue from both Malaysia Operation and Vietnam Operation had recovered post the FMCO and 4th wave of the pandemic respectively in the current 2nd quarter. In tandem with the increase in revenue, the Group achieved a much higher PBT for the current quarter under review compared with that of the immediately preceding quarter.
2. yoy - For the current 2nd quarter ended 31 October 2021, the revenue from Malaysia Operation had recovered post the Full Movement Control Order (“FMCO”), particularly the demand for parts which are used in television products actually increased compared with that of last year’s corresponding quarter. As for Vietnam Operation, its revenue for the current 2nd quarter also gradually resumed posting the 4th wave of Covid-19 which began in late April 2021 and the increase in revenue mainly come from parts sold to customers which produce printer and refrigerator.
COMCORP10,6831,628650%202%1. yoy, qoq - The increase in Group's revenue and profit before tax mainly due to the Construction segment
- The Construction segment which is contributed by Total Package Work Sdn Bhd ("TPW"), a subsidiary of the Company, has achieved total revenue of RM8.5 million and profit before tax RM2.2 million since its commencement of construction projects in August 2021. The segment is expected to continue to deliver positive results and improve the Group’s overall turnover and profitability moving forward.
POHKONG175,2945,419141%-63%1. yoy - The Group's revenue for the current quarter under review was lower at RM175.294 million as compared to the revenue in the corresponding quarter last year of RM221.905 million, a decrease of RM46.611 million. With the implementation of the National Recovery Plan ("NRP"), a plan in four phases was formulated in providing a clear framework on relaxing the lockdown and the reopening of more economic sectors, our business was only allowed to reopen in stages from 16 August 2021 onwards. This resulted in a decrease in revenue during the quarter under review.
2. qoq - The increase in profit was due mainly to the higher revenue in the current quarter under review as compared with the preceding quarter. (previous quarter making loss)
BAUTO483,83826,039154%5%1. qoq - Group revenue has improved by RM163.0 million or 50.8% largely due to improved sales volume recorded from the domestic operations in September and October 2021 with the relaxation of containment measures as the country gradually moved to Phase 2 and 3 of the NRP compared to stricter containment measures under Phase 1 of the NRP in the preceding quarter
LBALUM158,8446,827125%-27%1. yoy - The Group reported a profit before taxation of RM8.55 million for 2Q2022 (2Q2021: RM12.13 million). The decrease of 29.5% was due to loss before taxation of RM0.68 million incurred by the property segment for the current quarter compared to profit before taxation of RM3.15 million for the corresponding quarter last year. The loss from the property segment was due to lower contribution from associate, Vistarena Development Sdn Bhd, as well as higher preliminary expenses incurred by the property subsidiaries. For the aluminium segment, there was an increase in profit before taxation of 2.8% to RM9.24 million against that of the corresponding quarter last year.
2. qoq - The Group reported a profit before taxation of RM8.55 million (1Q2022: RM3.25 million). The significant increase of 163.3% was due to higher contribution from the aluminium segment arising from both increased revenue and better margins. However, the property segment incurred a loss before taxation of RM0.68 million for the quarter under review compared to profit before taxation of RM1.18 million for the preceding quarter.
JAYCORP63,0312,993230%-76%1. yoy - The turnover and profit before tax for the current quarter were lower than the previous year’s corresponding period mainly due to the entities only being allowed to operate at the end of August 2021 after the workers completed their vaccination, which resulted in reduced shipments overseas and locally.
2. qoq - The improved performance of the Group in the current quarter compared to the last quarter was due to all entities within the Group being allowed to resume operations at the end of August 2021 after the workers had completed their vaccination, as compared to last quarter, most of the entities within the Group were not allowed to operate under the Full Movement Control Order (“FMCO”) announced by the Government on 1 June 2021.
ARANK180,6343,7401450%34%1. yoy - The increase was contributed by the aluminium segment which reported profit before tax of RM5.2 million for the quarter under review compared to RM3.5 million for the corresponding quarter last year. This is due mainly to higher revenue as well as improved margins.
- The property development segment, however, reported a higher loss before tax of RM1.7 million for the current quarter compared to a loss before taxation of RM0.3 million for last year quarter. The higher loss from the property development segment is due to interest expenses.
2. qoq - The increase in revenue was mainly due to both higher business volume and selling prices as the business operations of the preceding quarter were affected by lockdowns to curb the spread of the Covid-19 pandemic.
- The Group registered a profit before and after tax of RM3.4 million and 2.1 million respectively for the current quarter compared to a loss before and after tax of RM0.9 million and RM1.9 million respectively for the preceding quarter. This is mainly due to lower business volume and the term loan interest of RM2.2 million for the property development segment expensed off in the preceding quarter.
KYM22,7501,618245%596%1. yoy, qoq- Manufacturing segment posted a profit before tax of RM1.539 million as compared to a profit before tax of RM0.124 million in the corresponding quarter preceding year, mainly driven by higher revenue growth and profits contribution from Multiwall Industrial Paper Sacks division. The better performance in the Multiwall Industrial Paper Sacks division was mainly due to all non-essential activities in the manufacturing, construction, mining and quarrying sectors being allowed to resume operations during various phases of the National Recovery Plan (“NRP”).
KRONO75,1508,04358%0%1. qoq - The improvement in margin was mainly due to a different product mix with higher revenue of services rendered, and a more competitive cost of sales.
- The increase was mainly attributed to revenue growth from the Group’s China segment. Profit from operations and EBITDA for the current financial quarter increased correspondingly by RM4.575 million and RM6.212 million respectively.
- The majority of the Group’s revenue was derived from Singapore, amounting to RM69.918 million (33.54% of total revenue), followed by the Philippines which recorded RM67.079 million (32.18% of total revenue) and China which recorded RM38.497 million (18.47% of total revenue) following the consolidation of the Group’s China operations in during the quarter in review.
- By product category, the Enterprise Data Management (“EDM”) Infrastructure Technology segment continued to dominate the Group’s revenue, amounting to RM169.519 million or 81.31% of total revenue, with EDM As-A-Service making up the balance.