KUALA LUMPUR: AirAsia, CIMB, My E.G. Services Bhd
(MyEG), Hong Leong Bank and Sunway Bhd are among the stocks which could see trading action on Tuesday after the release of their financial results.
AirAsia’s net profit for Q2, 2016 rose 40.8% on-year to RM342.12mil, boosted mainly by a 40.2% jump in aircraft operating lease income and a 24% reduction in average fuel price to US$59 (RM236) per barrel from a year ago.
CIMB’s Q2 2016 net profit rose 36.4% on-year to RM872.83mil boosted by its consumer and wholesale banking operations. Net interest income rose to RM2.35bil from RM2.27bil while operating expenses were 0.7% and 2.2% lower yoy and quarter on quarter respectively.
As for MyEG, it proposed one-for-two bonus issue of up to 1.202 billion shares of 10 sen each. Its earnings surged to RM142.97mil for FY ended June 30, 2016, from RM68.14mil in FY15. In Q4, its earnings jumped 122.4% to RM51.04mil as revenue rose 93.7% to RM87.26mil.
Hong Leong Bank’s Q4 FY16 net profit dipped 9.1% to RM558.54mil from RM614.85mil a year ago, due to higher operating expenses and taxation.
The board proposed a final dividend of 26 sen per share, bringing the total dividend to 41 sen for financial year ended June 30. In FY16, it recorded a pre-tax profit of RM724.4mil, up RM51.9mil or 7.7% from a year ago.
Sunway Bhd’s Q2 FY16 earnings fell 35% on-year to RM154. mainly due to share of lower fair value gains from the annual revaluation exercise done on Sunway Real Estate Investment Trust (REIT) properties.
Sunway Bhd owns 37.3% of Sunway REIT. Except for the share of fair value gains which were lower by about RM87.1mil, the group’s overall operational performance improved on-year.
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