KUALA LUMPUR: Companies in the news include Maybank, Hong Leong Bank, HLFG, Public Bank, Farm Fresh, Hap Seng, Press Metal
, Capital A, PPB, IJM, MYEG and Pecca, said Apex Securities Research.
Malayan Banking Bhd (Maybank)’s net profit rose 8.3% year-on-year (y-o-y) for the fourth quarter ended Dec 31, 2023 (4QFY2023) to RM2.39 billion, compared with RM2.21 billion for 4QFY2022.
Hong Leong Bank Bhd (HLB) reported a 4.4% growth in net profit for the second quarter ended Dec 31, 2023 (2QFY2024) to RM1.09 billion.
Hong Leong Financial Group Bhd (HLFG), which owns 64% of HLB, also eked out a 2.5% growth in net profit to RM831.87 million for 2QFY2024, from RM811.5 million a year ago.
Public Bank Bhd said its net profit fell 5.73% in the fourth quarter to RM1.62 billion.
Farm Fresh Bhd’s net profit rose 8.91% to RM20.44 million for the third quarter ended Dec 31, 2023 (3QFY2024), from RM18.77 million a year before.
Hap Seng Consolidated Bhd’s fourth quarter ended Dec 31, 2023 (4QFY2023) net profit fell 61.88% to RM37.36 million, from RM98.02 million a year ago.
Press Metal Aluminium Holdings Bhd's fourth quarter net profit rose 22.89% to RM320.46 million from RM260.78 million a year earlier.
Capital A Bhd is carving out the manager of its aviation brand AirAsia and injecting it into Nasdaq-listed special purpose acquisition company (SPAC) Aetherium Acquisition Corp for US$1.15 billion (RM5.48 billion) — a move to pave way for its exit from Practice Note 17 (PN17) status, besides selling its aviation business to AirAsia X Bhd.
PPB Group Bhd's full-year net profit stood at RM1.39 billion, down 36.53% y-o-y from RM2.2 billion, while revenue dropped 7% to RM5.72 billion from RM6.15 billion during the same period a year prior.
IJM Corp Bhd's net profit rose 34.3% to RM100.43 million for its third quarter ended Dec 31, 2023 (3QFY2024) from RM74.79 million a year earlier.
MyEG Services Bhd’s net profit for the fourth quarter ended Dec 31, 2023 (4QFY2023) doubled to RM150.16 million from RM74.69 million a year earlier.
Pecca Group Bhd has reported another record-breaking financial quarter with both revenue and net profit at all-time highs. The automotive upholstery maker’s net profit jumped 59.1% to RM13.38 million for the second financial quarter ended Dec 31, 2023 (2QFY2024).
