Companies listed on Bursa Malaysia with outstanding quarter results for the month of Mar 2022.
For the period Mar 2022, the companies that delivered outstanding quarter results are mainly companies that involve in commodities production.
| Company |
Note |
Industry |
| Bermaz Auto |
Venture
into the distributions and provision of aftersales services and spare parts
for 2 new vehicle marques, namely Peugeot and Kia. Better result from better
Mazda CKD sales and strong sales of Kia Carnival due to 6-year free warranty
and free maintenance campaigns. |
Automotive |
| Poh Huat
Resources |
Production
activities recovered in the month of Oct 2021. Lower raw material prices
which the company sourced earlier at lower cost against increasing average
selling price trend of the company product over the past 12 months. Work at
home and stay at home movement gave rise to stronger demand for home and
office furniture. |
Furniture |
| Poh Kong |
Higher
demand for gold jewellery and gold investment product, reopening of economy
and uptrend in gold prices |
Precious Metals |
| Kein Hing
International |
The
company is involved in sheet metal forming, precision machining, and assembly
of components. Better Malaysia results mainly from part sales to automotive
industry while Vietnam operation experiences stronger demand for parts by
customers which produce printer, refrigerator, washing machine and television
product. |
Industrial
Engineering |
| MCE Holdings |
Higher
demand for OEM products and higher demand from car makers to meet sales
backlog accumulated during FMCO since June till Aug 2021. |
Automotive |
| Apollo Food |
Increase
in sales |
FMCG |
| KYM |
Higher
sales from the industrial paper sacks division due to increase in domestics
sales volume and improvement in pricing strategy. |
Packaging |
| Arank |
Contributed
by aluminium billet mfg segment due to higher business volumes and selling
prices. |
Metals |
| JKG Land |
Higher
progress of construction works from ongoing development and better profit from
palm oil segment |
Construction, Palm
Oil |
| Teck Guan
Perdana |
Higher
sales volume and selling price for palm oil products. |
Palm Oil |
|
Companies that deliver excellent results and announce their financial result during Mar 2022 are included in this list.
Here are the criteria for entering the list.
1) QoQ profit growth > 20%,
2) YoY profit growth> 20%
3) Profit Before Tax > RM 2 mil
Companies that delivered excellent results due to one-off events such as the events below are excluded from the list.
1) One-off disposal gain or revaluation gain
2) Fair value gain in quoted securities
3) One-off gain on bargain purchase
4) Fair value adjustment on investment property
5) Gain from disposal of subsidiary
6) Reversal of provision of doubtful debt
7) Impairment loss in the preceding quarter
8) Leap companies are also excluded from the list due to a lack of liquidity
9) Companies that are loss-making in the preceding quarter are excluded
