https://www.theedgemarkets.com/article/muda-holdings-2q-net-profit-almost-triples-rm1149m

Muda Holdings 2Q net profit almost triples to RM11.49m

KUALA LUMPUR (Aug 21): Corrugated carton maker Muda Holdings Bhd's net profit almost tripled to RM11.49 million in the second quarter ended June 30, 2018 (2QFY18) from RM4.13 million a year ago, on lower cost of waste paper and higher selling price of industrial paper, coupled with better selling price of paper packaging products.

This resulted in higher earnings per share of 3.77 sen for 2QFY18 compared with 1.35 sen for 2QFY17.

Its quarterly revenue rose 8.56% to RM353.81 million from RM325.90 million a year earlier.

For the cumulative six months ended June 30, 2018 (1HFY18), the company's net profit rose 22.08% to RM27.19 million from RM22.27 million a year ago, while revenue increased 12.88% to RM725.41 million from RM642.63 million in 1HFY17.

Muda Holdings said in a filing to the local bourse today that excluding the one-off impact of net compensation from an insurer for a fire of RM15.5 million in 1HFY17, its pre-tax profit would have improved about four times in the first half of 2018.

Moving forward, Muda Holdings said it is optimistic the group will be profitable for the second half of the year and will post a better performance in FY18 compared with FY17.

Muda Holdings' share price closed at RM1.96, down 10 sen or 4.85%, with 2.68 million shares done, bringing a market capitalisation of RM597.9 million.

Muda very good qr

no more big project for hss

wow thanks to all panic seller

All local steel suppliers are not involved in ecrl

The fact is box pack result improved a lot qoq yoy, please check properly

Gkent not involved in ecrl, gkent involved in mrt3 and hsr

what is tyyap group?

Yeeling big shark please have mercy don't eat us

k1234 you are our only hope

yeeling dont cheat me, i buy buy buy and buy

now awaiting k1234 iwcity promoter to say something

Short selling volume is zero, looks like purely dumping

Hope can collect more before fly tomorrow

Yesterday shows very good bullish indicator, bullish engulfing, next week will re test rm4, if rm4 resistance broken you guys know what's next. Hope for the best

Shifted to lionind and masteel?

Vt is Vincent tan?

very surprising qr

Mega project?

Means no hope for sst?

Super huge of share unit disposed

Potential stock, next resistance is 2.6 but I think no problem to break one a week time

K1234 fortune teller, by this weekend annjoo closing how much?

Yeeling is the best

what's the potential in this counter?

Totally agree with @Precise

Hoi App n Midas57 already take profit and split negative news to influence people here to cut lose and buy from bottom 1.50. I just assume he will buy back very soon which probably not below 3.19, then two of them will start to promote TM again. My opnion is if lose, then buy some from lower price to average it. We r just follower, the price will not get impacted with people call sell or buy. Again, don't even believe these two peoples if you new to TM.
15/08/2018 22:02

Sold and reenter later

KUCHING: A significant amount of Tune Protect Group Bhd’s (Tune Protect) gross written premium (GWP) is expected to be underpinned by Malaysia’s general insurance business for 2018 estimate (2018E), while the rest is to come from digital global travel insurance, analysts observed.

For 2018E, Affin Hwang Investment Bank Bhd (Affin Hwang) expected the bulk of gross written premium (GWP) to be underpinned by Malaysia’s general insurance business (80 per cent of GWP), while the rest is to come from digital global travel insurance (approximately 10 per cent).

Nonetheless, at the profit-after-tax line, the research firm estimated that about 55 per cent will be driven by the digital global travel insurance segment.

“In our view, there may not be major unforeseen circumstances in the travel industry as well as the Malaysian general insurance market (motor, fire, marine or aviation or transport) that may drive down premium growth or a major calamity that could cause a spike in claims,” the research firm said.

“As Tune potentially introduces more innovative and new products into the market (working out a business model through a partnership with Laka Ltd from the UK), we believe that this will bring in additional revenues to the group.

Though the domestic general insurance market remains challenging and competitive, the research firm did not see significant price-discounting under the detariffed market (for motor and fire) in Malaysia.

Overall, Affin Hwang believed that the 2018-2020E period will be potentially recovery years compared to 2017, which saw Tune Protect’s core net profit suffer a 40 per cent decline year on year (y-o-y) arising from the high motor claims liabilities, adverse effects of the ‘Opt-in’ regulatory changes and higher marketing expenses.

“This will be driven by new partnerships with airlines or car dealers to promote Tune’s insurance products, introduction of Insurtech ideas, development of new digital platforms coupled with product innovation and introduction, cost-control measures (through panel workshop management), revised underwriting terms, more digital initiatives (claims processing, underwriting) and expansion of presence into other countries,” the research firm said.

Affin Hwang thus raised its net profit for 2018E, 2019E and 2020E by seven, 20.8 and 22.7 per cent, respectively.

“We believe that the earnings outlook in 2019-20E is increasingly more promising on the back of stronger revenue growth arising from initiatives to boost digitisation (which includes global travel and motor insurance) and potentially lower net claims.”

Tune Protect Group Bhd
(Aug 14, 94.5 sen)
Maintain buy with a higher target price of RM1.20: Compared with financial year 2017 (FY17), which saw Tune Protect Group Bhd’s core net profit suffered a 40% decline year-on-year arising from high motor claims liabilities, adverse effects of “opt-in” regulatory changes and higher marketing expenses, we believe that the FY18 to FY20 period will potentially be recovery years.

This will likely be driven by new partnerships and developments of new digital platforms, coupled with product innovations and introductions, cost-control measures, more digital initiatives and expansion of the company’s presence into other countries.

We raise our net profit forecasts for FY18/FY19/FY20 by +7%/+20.8%/+22.7%. Though there were top-line revisions of gross written premiums and net earned premiums, a lower net claims ratio and a lower commission ratio were the key drivers of our earnings revisions.

The Dynamic Pricing 2.0 with “artificial intelligence” features (to identify specific needs based on age, medical history and so on) is expected to be integrated seamlessly into AirAsia’s website, expected by end-2018.

Key downside risks include a sustained decline in its travel insurance segment and a sticky motor claims ratio. — Affin Hwang Capital, Aug 14

amazing selling pressure, what is happening

short term TP 2.6

2.6 before qr

Maybe he switching to gadang?

I bought against K1234 call, added more masteel. Trade against his call and earn

Time to jump in don't contra

thank you yeeling

I know Midas well when he sold all his holding he call sell and when he buy he calls buy

You may sleep but once u wake up please rock the world

1.21 support broken, next support 1.13

Means government will develop their own sst system?

Reading comics

Averaging up

good news for iron players

KUALA LUMPUR (Aug 12): The pressure on house prices, industrial and commercial buildings is expected to ease off with the abolition of the Goods and Services Tax (GST) and exemption of some building materials from the Sales and Services Tax (SST), Finance Minister Lim Guan Eng said.

He said the federal government hoped that the construction costs could be reduced with the SST exemption on building materials such as cement, sand and iron.

“With the proposed exemption of goods from SST and the difference in GST implementation, I hope both the developers and the buyers can benefit from the reduction of this tax burden,” he said in a statement today.

During the GST regime, basic materials such as bricks, cement, sand and other construction materials were subjected to GST at six per cent. In addition, construction services were also subjected to six per cent GST.

This had led to increased construction costs under the GST era, including the rise in house prices, he said.

good news for iron players

KUALA LUMPUR (Aug 12): The pressure on house prices, industrial and commercial buildings is expected to ease off with the abolition of the Goods and Services Tax (GST) and exemption of some building materials from the Sales and Services Tax (SST), Finance Minister Lim Guan Eng said.

He said the federal government hoped that the construction costs could be reduced with the SST exemption on building materials such as cement, sand and iron.

“With the proposed exemption of goods from SST and the difference in GST implementation, I hope both the developers and the buyers can benefit from the reduction of this tax burden,” he said in a statement today.

During the GST regime, basic materials such as bricks, cement, sand and other construction materials were subjected to GST at six per cent. In addition, construction services were also subjected to six per cent GST.

This had led to increased construction costs under the GST era, including the rise in house prices, he said.

selling pressure still heave, maybe sell and re enter

very good news wow

Very strong momentum buying very bullish

k1234 dont be selfish, if u sold early, dont ask people to sink with you

seems hard to close gap, will retrench before going up again?

too many seller