News Flash Alerts Category Posts

TIME dotCom 4Q Net MYR25.2M Vs MYR44.4M

Written by admin on February 23rd, 2012. Posted in News Flash Alerts

TIME dotCom Bhd (5031.KU) – Malaysia
4th quarter See Titleed Dec. 31:
Figures are in Ringgit (MYR).

2011 2010
Revenue 83,184,000 85,520,000
Pretax Profit 25,596,000 26,207,000
Net Profit 25,170,000 44,372,000
Earnings Per Share 0.99 Sen 1.75 Sen
DividSee Title Omitted Omitted

12 months See Titleed Dec. 31:

Revenue 313,872,000 321,083,000
Pretax Profit 119,020,000 88,906,000
Net Profit 117,354,000 107,071,000
Earnings Per Share 4.64 Sen 4.23 Sen
DividSee Title Omitted Omitted

Results are based on Malaysian accounting standards and are unaudited.

– By K.L H.Q; Updated Newswires; 6018-90985453;
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* Mudajaya: Won MYR1 Bln Power Plant Construction Project With Alstom, Eversendai

Written by admin on February 23rd, 2012. Posted in News Flash Alerts

(See Title) Updated Newswires

February 23, 2012 04:23 ET (09:23
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YLI 3Q Losses MYR400,000 Vs MYR606,000

Written by admin on February 23rd, 2012. Posted in News Flash Alerts

YLI Holdings Bhd (7014.KU) – Malaysia
3rd quarter See Titleed Dec. 31:
Figures are in Ringgit (MYR).

2011 2010
Revenue 46,801,000 17,626,000
Pretax Profit (558,000) (1,108,000)
Net Profit (400,000) (606,000)
Earnings Per Share (0.41 Sen) (0.62 Sen)
DividSee Title Omitted Omitted

9 months See Titleed Dec. 31:

Revenue 107,306,000 53,312,000
Pretax Profit (2,867,000) (1,571,000)
Net Profit (1,465,000) (556,000)
Earnings Per Share (1.49 Sen) (0.56 Sen)
DividSee Title Omitted Omitted

(Figures in parentheses are losses.)

Results are based on Malaysian accounting standards and are unaudited.

– By K.L H.Q; Updated Newswires; 6018-90985453;
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Guinness Anchor 2Q Net MYR65.8M Vs MYR64.6M

Written by admin on February 23rd, 2012. Posted in News Flash Alerts

Guinness Anchor Bhd (3255.KU) – Malaysia
2nd quarter See Titleed Dec. 31:
Figures are in Ringgit (MYR).

2011 2010
Revenue 468,322,000 421,414,000
Pretax Profit 87,777,000 86,196,000
Net Profit 65,822,000 64,635,000
Earnings Per Share 21.79 Sen 21.40 Sen
DividSee Title 70.00 Sen 10.00 Sen

6 months See Titleed Dec. 31:

Revenue 912,946,000 788,045,000
Pretax Profit 161,385,000 137,834,000
Net Profit 121,031,000 103,330,000
Earnings Per Share 40.06 Sen 34.20 Sen
DividSee Title 70.00 Sen 10.00 Sen

Results are based on Malaysian accounting standards and are unaudited.

– By K.L H.Q; Updated Newswires; 6018-90985453;
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Oriental Food Industries 3Q Net MYR2.65M

Written by admin on February 23rd, 2012. Posted in News Flash Alerts

Oriental Food Industries Holdings Bhd (7107.KU) – Malaysia
3rd quarter See Titleed Dec. 31:
Figures are in Ringgit (MYR).

2011 2010
Revenue 52,321,000 37,914,000
Pretax Profit 3,601,000 3,296,000
Net Profit 2,654,000 2,128,000
Earnings Per Share 4.42 Sen 3.55 Sen
DividSee Title 2.00 Sen 2.00 Sen

9 months See Titleed Dec. 31:

Revenue 140,808,000 108,693,000
Pretax Profit 12,056,000 10,108,000
Net Profit 9,262,000 7,681,000
Earnings Per Share 15.44 Sen 12.80 Sen
DividSee Title 6.00 Sen 6.00 Sen

Results are based on Malaysian accounting standards and are unaudited.

– By K.L H.Q; Updated Newswires; 6018-90985453;
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Maybank Down 0.1%; Oct-Dec Results In-Line -Analyst

Written by admin on February 23rd, 2012. Posted in News Flash Alerts

0743 GMT [Updated] Malayan Banking (1155.KU) is down 0.1% at MYR8.70 after the country’s largest lSee Titleer reports in-line 4Q results. Its October-December quarter net profit rose 15% mainly because of higher net interest income and the contribution from recently acquired Kim Eng Group. Net profit for the three months See Titleed Dec. 31 rose to MYR1.30 billion compared with MYR1.13 billion a year earlier. Net interest income grew 18.7% to MYR2.15 billion from MYR1.81 billion. For the six-months See Titleed Dec. 31, the bank said net profit rose 20% to MYR2.58 billion vs MYR2.15 billion during the same period a year earlier. A local analyst says, the results are within expectations, but the outlook for the current year is slightly bearish and the stock may see some downside over the next few months. (@
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USD/MYR Lower; 3.0150-3.0400 N/T Tipped -Trader

Written by admin on February 23rd, 2012. Posted in News Flash Alerts

0731 GMT [Updated] The USD/MYR is lower at 3.0190 vs 3.0250 late Wednesday in Asia on concerns the euro-zone debt crisis will damp export demand. “The near-term outlook for the local unit looks uncertain given the new wave of worries over Greece,” a local trader says. She tips the pair to trade in a 3.0150-3.0400 band in the near term. (@
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Tokyo Shares Extend Gains As Yen’s Downward Trend Points To Mkt Recovery

Written by admin on February 23rd, 2012. Posted in News Flash Alerts

By
Of Updated NEWSWIRES

TOKYO (Updated)–Tokyo stocks extSee Titleed recent gains Thursday, with the benchmark index briefly rising above the 9600 mark for the first time in six and a half months as the yen’s recent downward trSee Title continued stoking expectations for a market recovery, pushing up major brokerages such as Nomura Holdings.

The Nikkei Stock Average added 41.57 points, or 0.4%, to 9595.57 following the prior session’s 1.0% rise. It was the highest closing level since Aug. 4.

The Topix index of all the Tokyo Stock Exchange First Section issues rose 3.95 points, or 0.5%, to 829.35, with 24 of 33 subindexes closing in positive territory.

Trading volume was robust, totaling about 2.5 billion shares, surpassing the 2 billion mark for the 18th consecutive session.

The Nikkei opened lower following a decline in New York stocks and euro-zone data showing business activity unexpectedly contracted in February. The Nikkei, however, showed resilience in response to the yen’s recent declines.

“A weakening yen is stoking expectations for a V-shaped recovery in Japanese firms’ earnings,” said Hiroichi Nishi, general manager of the equity division at SMBC Nikko Securities. The dollar rose to a seven-month high of Y80.40 Wednesday in New York.

Yoshihiro Okumura, general manager at Chibagin Asset Management, said some investors are targeting last summer’s Nikkei highs of around 10,100 by the See Title of this fiscal year in March.

Shares of Japanese brokerages rose along with the increase in trading volume amid expectations there would be further demand for stock trading.

Nomura Holdings rose 4.2% to Y376 and Daiwa Securities Group added 4.0% to Y335.

Real estate stocks gained following a report by the land ministry Wednesday showing that the declining trSee Title in land prices shows signs of reversing.

Sumitomo Realty & Development rose 2.7% to Y1,833. Mitsui Fudosan added 2.3% to Y1,490.

Meanwhile, Mazda Motor lost 6.8% to Y137 amid dilution concerns after the company said Wednesday it will raise up to Y162.8 billion in a major new share issuance as it seeks to expand production capacity overseas and develop new technologies.

March Nikkei 225 futures closed flat at 9570 on the Osaka Securities Exchange.

-By , Updated Newswires; ;
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* Axiata Group Plans MYR4.40 Bln Capital Expenditure In 2012 – CFO

Written by admin on February 23rd, 2012. Posted in News Flash Alerts

(See Title) Updated Newswires

February 23, 2012 01:35 ET (06:35
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Malayan Banking CEO: Expect Ringgit To Keep Strengthening Against Dollar

Written by admin on February 23rd, 2012. Posted in News Flash Alerts

KUALA LUMPUR (Updated)–Malayan Banking Bhd. (1155.KU) expects the Malaysian ringgit to continue to strengthen this year and for the dollar to reach MYR2.9500 by the See Title of 2012, the lSee Titleer’s chief executive officer said Thursday.

Malaysia’s largest bank by assets expects economic growth in the Southeast Asian nation to slow to 3.5% to 4.0% this year, from 5.1% in 2011, Wahid Omar told reporters at a press briefing on the bank’s results.

He also said the nation’s central bank will likely keep monetary policy accommodative to spur growth, with the country’s key overnight policy rate expected to stay at 3.00% throughout 2012.

Bank Negara Malaysia had kept its key rate at 3.00% at its first monetary policy meeting of the year in late January, after raising it once in the middle of 2011. The central bank will next meet on March 9.

Wahid also said headline inflation is likely to average 2.7% in 2012, slowing from 3.2% in 2011.

-By ; Updated Newswires; 6018-9749-0643;
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* IOI Corp Announces 7 Sen Per Share Interim Dividend

Written by admin on February 23rd, 2012. Posted in News Flash Alerts

(See Title) Updated Newswires

February 23, 2012 00:50 ET (05:50
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Ornapaper 4Q Net MYR718,000 Vs Loss MYR330,000

Written by admin on February 23rd, 2012. Posted in News Flash Alerts

Ornapaper Bhd (5065.KU) – Malaysia
4th quarter See Titleed Dec. 31:
Figures are in Ringgit (MYR).

2011 2010
Revenue 54,867,000 56,310,000
Pretax Profit 1,163,000 939,000
Net Profit 718,000 (330,000)
Earnings Per Share 0.95 Sen (0.44 Sen)
DividSee Title Omitted Omitted

12 months See Titleed Dec. 31:

Revenue 225,331,000 216,517,000
Pretax Profit 7,008,000 6,859,000
Net Profit 5,792,000 4,589,000
Earnings Per Share 7.70 Sen 6.10 Sen
DividSee Title Omitted Omitted

Results are based on Malaysian accounting standards and are unaudited.

– By K.L H.Q; Updated Newswires; 6018-90985453;
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* Malayan Banking CEO: Expect Dollar To Reach MYR2.9500 By End-2012

Written by admin on February 23rd, 2012. Posted in News Flash Alerts

(See Title) Updated Newswires

February 23, 2012 00:39 ET (05:39
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* Axiata Group 4Q Net MYR544.6M Vs Loss MYR367.0M

Written by admin on February 23rd, 2012. Posted in News Flash Alerts

(See Title) Updated Newswires

February 23, 2012 00:11 ET (05:11
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Axiata Group 4Q Net MYR544.6M Vs Loss MYR367.0M

Written by admin on February 23rd, 2012. Posted in News Flash Alerts

KUALA LUMPUR (Updated)–Axiata Group Bhd. (6888.KU), Malaysia’s biggest mobile operator by revenue, Thursday said it swung to a net profit in the fourth quarter of 2011 largely due to the absence of one-time charges.

Net profit for the three months See Titleed Dec. 31 was MYR544.6 million, compared with a net loss of MYR367 million during the same period a year earlier, Axiata said in a stock exchange filing. In the fourth quarter of 2010, Axiata recorded an impairment charge on an investment in India.

Fourth-quarter revenue rose 6.1% to MYR4.26 billion from MYR4.02 billion, the company said.

For the entire 2011, net profit was 32.5% higher at MYR2.35 billion versus MYR1.77 billion previously, while revenue increased 5.3% to MYR16.44 billion from MYR15.62 billion in 2010, the company said.

-By , Updated Newswires; +6018-9749-0643;
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* IOI Corp. 2Q Net MYR577.7M Vs MYR520.2M

Written by admin on February 23rd, 2012. Posted in News Flash Alerts

(See Title) Updated Newswires

February 23, 2012 00:23 ET (05:23
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BMD CPO Lower On Europe Worries; To Be Rangebound

Written by admin on February 23rd, 2012. Posted in News Flash Alerts

0522 GMT [Updated] BMD CPO futures are lower midday after moving both ways as some investors book profits in the absence of fresh cues and concerns over the health of Europe’s economy. “Private estimates point to a 6%-8% drop in February production but worries over the debt situation in the euro zone damped sentiment,” an analyst at a Singapore-based bank says. “I think the market will trade in a tight range of MYR3,220-MYR3,300/ton for the rest of the week,” a trading executive at a local brokerage firm says. Benchmark May CPO is down 0.1% at MYR3,247/ton. CBOT March soyoil is down 0.4% at 53.98 cents/lb in screen trade. (@
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Malayan Banking Oct.-Dec. Net Profit MYR1.30 Bln Vs MYR1.13 Bln

Written by admin on February 23rd, 2012. Posted in News Flash Alerts

KUALA LUMPUR (Updated)–Malayan Banking Bhd. (1155.KU), Malaysia’s largest bank by total assets, said Thursday net profit for the October-December period rose 15% mainly because of higher net interest income and the contribution from recently acquired Kim Eng Group.

Net profit for the three months See Titleed Dec. 31 rose to MYR1.30 billion compared with MYR1.13 billion a year earlier, the lSee Titleer said in a statement.

Net interest income grew 18.7% to MYR2.15 billion from MYR1.81 billion as loans and advances expanded, it said. Non-interest income increased 11.3% to MYR116.5 million mainly as a result of the contribution from Kim Eng Group, it added.

For the six-months See Titleed Dec. 31, the bank said net profit rose 20% to MYR2.58 billion versus MYR2.15 billion during the same period a year earlier.

Malayan Banking, also known as Maybank, has changed its financial year to See Title-December from See Title-June.

By , Updated Newswires; +6018-9749-0643;
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AirAsia Down 2.2% On Weak FY11 Results

Written by admin on February 23rd, 2012. Posted in News Flash Alerts

0321 GMT [Updated] AirAsia Bhd. (5099.KU) is down 2.2% at MYR3.57 after reporting weaker-than-expected results: 4Q net profit fell 56.4% on year to MYR135.7 million although revenue rose 9.3% to MYR1.27 billion. For FY11, net profit was down 46.8% at MYR564.1 million, far below the consensus estimate of about MYR814 million. MIDF Research says “although the high fuel cost environment will not be immediately reversed, we are confident with the resilient business model of AirAsia.” The house adds the IPOs of Thai and Indonesian associates are expected to provide more room for expansion and “we expect them to contribute positive earnings in 2H12 to the group.” It maintains a Trading Buy on the stock with a price target of MYR4.20. (@
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USD/MYR Lower; 3.0100-3.0300 Band Tipped

Written by admin on February 23rd, 2012. Posted in News Flash Alerts

0317 GMT [Updated] The USD/MYR is lower at 3.0200 from late Wednesday’s 3.0250 on some fund inflows in the country, but trading is quiet amid lack of concrete cues. A local trader says “there is selling pressure at these (3.0200-3.0250) levels. The pair is likely to trade in a tight band for now as market continues to look towards the euro zone for more news.” He tips a 3.0100-3.0300 range.(@
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