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2022-06-07 11:16 | Report Abuse
GENM | Genting Malaysia Berhad
May 28
First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind
First quarter 2022 results:
RM0.022 loss per share (up from RM0.086 loss in 1Q 2021).
Revenue: RM1.72b (up 176% from 1Q 2021).
Net loss: RM126.5m (loss narrowed 74% from 1Q 2021).
Revenue missed analyst estimates by 9.8%. Earnings per share (EPS) exceeded analyst estimates by 12%.
Over the next year, revenue is forecast to grow 80%, compared to a 83% growth forecast for the industry in Malaysia.
Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance.
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2022-06-07 11:08 | Report Abuse
MNRB | MNRB Holdings Berhad
May 31
Full year 2022 earnings released: EPS: RM0.15 (vs RM0.24 in FY 2021)
Full year 2022 results:
EPS: RM0.15 (down from RM0.24 in FY 2021).
Revenue: RM2.70b (up 8.0% from FY 2021).
Net income: RM114.4m (down 40% from FY 2021).
Profit margin: 4.2% (down from 7.6% in FY 2021). The decrease in margin was driven by higher expenses.
Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has remained flat.
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2022-05-30 10:29 | Report Abuse
Malayan Banking Berhad
MAYBANK
Share Price 7 Day 1 Year
8.99 0.3% 9.6%
First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind
First quarter 2022 results:
EPS: RM0.17 (down from RM0.21 in 1Q 2021).
Revenue: RM5.88b (down 1.2% from 1Q 2021).
Net income: RM2.04b (down 14% from 1Q 2021).
Profit margin: 35% (down from 40% in 1Q 2021). The decrease in margin was primarily driven by higher expenses.
Revenue missed analyst estimates by 5.3%. Earnings per share (EPS) exceeded analyst estimates by 4.0%.
Over the next year, revenue is forecast to grow 22%, compared to a 18% growth forecast for the industry in Malaysia.
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2022-05-30 10:13 | Report Abuse
Jaya Tiasa Holdings Berhad
JTIASA
Share Price 7 Day 1 Year
0.87 -8.4% 24.3%
Third quarter 2022 earnings: EPS and revenues miss analyst expectations
Third quarter 2022 results:
EPS: RM0.019 (up from RM0.028 loss in 3Q 2021).
Revenue: RM180.1m (up 19% from 3Q 2021).
Net income: RM17.9m (up RM44.8m from 3Q 2021).
Profit margin: 9.9% (up from net loss in 3Q 2021). The move to profitability was primarily driven by higher revenue.
Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 38%.
Over the next year, revenue is forecast to grow 5.3%, compared to a 6.7% growth forecast for the industry in Malaysia.
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2022-05-06 15:04 | Report Abuse
MNRB | MNRB Holdings Berhad
Mar 03
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat
Third quarter 2022 results:
RM0.028 loss per share (down from RM0.064 profit in 3Q 2021).
Revenue: RM675.2m (down 3.9% from 3Q 2021).
Net loss: RM22.1m (down 147% from profit in 3Q 2021).
Revenue exceeded analyst estimates by 3.0%.
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2022-05-05 23:09 | Report Abuse
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2021-09-28 12:04 | Report Abuse
Why TG towkays have stopped buying back own shares? Why EPF has started selling TG shares?
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2021-06-25 11:05 | Report Abuse
Who has been lending shares to JPM to short TG? EPF? TG owners? Retail investors?
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2021-06-17 12:09 | Report Abuse
When Fed raise interest rates, stock markets tend to fall bcuz:
1) companies need to pay more interest for loan whcih eat into profit.
2) higher discount rate will be used to calculate stock valuation.
3) people who borrow to buy stocks need to pay more interest
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2021-06-10 20:48 | Report Abuse
Top Glove sees glove prices to continue falling in coming months
theedgemarkets.com
June 09, 2021 17:43 pm +08
Top Glove sees glove prices to continue falling in coming months
KUALA LUMPUR (June 9): Top Glove Corp Bhd expects average selling prices (ASPs) of gloves to drop further in the coming month due to weaker demand from the US and lower raw material costs.
Its executive director Lim Cheong Guan noted that the ASP of nitrile gloves fell 20% in Top Glove's third financial quarter ended May 31, 2021 (3QFY21).
"The ASP adjustment was in line with market pricing trends and lesser sales volume to the US," he told a virtual press conference held in conjunction with the announcement of the group's latest quarterly results.
Lim expects lower nitrile latex prices as costs of the raw materials, namely butadiene and acrylonitrile, are expected to decline by 10% and 6% respectively between May and August.
"A lower natural rubber latex concentrate price is expected in the coming months as the wintering season ended in May 2021, and yields are expected to improve," he added.
The world's largest glove manufacturer posted a softer quarter-on-quarter (q-o-q) performance for 3QFY21.
Its net profit fell 29.03% to RM2.03 billion from RM2.87 billion for 2QFY21, while revenue shrank 22.42% to RM4.16 billion from RM5.37 billion, as the group was barred from exporting to the US.
The group said the weaker q-o-q performance was owing to a decline in ASPs by 16%, a lower sales quantity following a temporary halt in shipments to the US from Malaysia and higher latex as well as natural rubber latex concentrate prices.
On a year-on-year (y-o-y) basis, the group’s quarterly net profit jumped almost five times to RM2.04 billion from RM347.9 million a year earlier on a higher revenue.
Revenue climbed to RM4.16 billion for 3QFY21 from RM1.69 billion previously.
Despite the weaker earnings performance, Top Glove declared a dividend of 18 sen a share, including a special dividend of 5.3 sen.
Top Glove gained six sen to close at RM4.84 today, with a market capitalisation of RM39.72 billion. It saw 34.54 million shares traded.
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2021-06-10 09:20 | Report Abuse
Malaysia's Top Glove waits for US Customs to verify remedial labour action
09 Jun 2021 01:40PM
(Updated: 09 Jun 2021 06:41PM)
KUALA LUMPUR: Top Glove, the subject of a US import ban over concerns about forced labour, is waiting for customs authorities there to verify remedial action it has taken on workers' recruitment fees, the Malaysian firm said on Wednesday (Jun 9).
The world's largest maker of medical gloves did not know when US customs might lift the ban on its goods, but verification of the remediation payments is underway, said Managing Director Lee Kim Meow.
"We have no timeline given, but we have tried our best," he told a results briefing, adding that Top Glove was liaising closely with customs, and hoped there were no further issues.
In April, Top Glove said it had resolved all signs of forced labour in its operations, a step verified by London-based ethical trade consultant Impactt Limited.
The company said removal of the ban would boost sales, which have suffered since shipments to the United States halted temporarily in its financial third quarter.
A 68 per cent reduction in sales to North America was the main reason for volumes easing from the preceding quarter, it said.
The North American market accounted for just 8 per cent of sales during the March-May quarter, down from 23 per cent in the previous period. Total sales volume dropped 9 per cent from a year ago, the firm added.
"Nonetheless, global glove demand remains resilient as usage continues to rise, driven by the ongoing pandemic," it said.
US Customs and Border Protection (CBP) told the country's ports to seize Top Glove's goods in March, after having barred import of its products last July, citing evidence of forced labour practices at production facilities across Malaysia.
Top Glove shares closed 1.3 per cent higher on Wednesday. They have slumped more than 20 per cent this year.
STALLED LISTING
The US action has also stalled Top Glove's pursuit of a US$1 billion listing in Hong Kong, as potential investors raised concerns about the impact, Reuters has reported.
Top Glove, which has net cash of 4.23 billion ringgit, has said regulators were reviewing its listing process and it was working closely with advisers.
"Listing in Hong Kong is for the longer term," said Executive Chairman Lim Wee Chai. "(The CBP ban) caused us a delay in Hong Kong, (but it) is only temporary."
On Wednesday, Top Glove reported a jump of 485 per cent in third-quarter net profit benefiting from strong demand for gloves during the pandemic.
It had posted record profit for the four straight quarters prior, bolstered by greater use of gloves over hygiene concerns.
A stock exchange filing showed net profit for the period jumped to 2.04 billion ringgit (US$495.63 million) from 347.9 million a year ago. UBS had forecast a profit of 2.54 billion ringgit, according to Refinitiv data.
Its revenue rose 147 per cent to 4.16 billion ringgit.
Top Glove, which produces 100 billion pieces of gloves a year, said average selling prices declined during the period from February's peak, and it had made adjustments in line with market pricing trends.
Source: Reuters/ad
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2021-03-11 20:52 | Report Abuse
Short Selling Turnover $23.8B, or 13.3% of Eligible Securities Turnover at Close
The short selling turnover of HK market at close amounted to $23.8 billion, or 13.3% of the turnover of securities eligible for short selling, against 14.6% on the last trading day.
Top five shares with highest short selling amount:
TENCENT(00700.HK) +22.000 (+3.341%) Short selling $2.79B; Ratio 19.725% 's short selling ratio is 19.7%, with a turnover of $2.8 billion
TRACKER FUND(02800.HK) +0.440 (+1.510%) Short selling $1.21B; Ratio 53.104% 's short selling ratio is 53.1%, with a turnover of $1.2 billion
MEITUAN-W(03690.HK) +27.600 (+8.707%) Short selling $971.48M; Ratio 8.349% 's short selling ratio is 8.3%, with a turnover of $971.5 million
CCB(00939.HK) +0.120 (+1.866%) Short selling $848.70M; Ratio 26.866% 's short selling ratio is 26.9%, with a turnover of $848.7 million
PING AN(02318.HK) +0.500 (+0.507%) Short selling $846.84M; Ratio 35.497% 's short selling ratio is 35.5%, with a turnover of $846.8 million
(Quote is delayed for at least 15 mins.Short Selling Data as at 2021-03-11 16:25.)
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2021-03-11 15:53 | Report Abuse
11March2021
Top Glove Corp Bhd
Analyst: Chua Wei Ren, Phillip Capital
Recommended Action: Technical SELL
Top Glove (SGX: BVA) has been on a long correction since September 2020 last year when prices were at their highest at S$3.17. Initial wave analysis pointed out to a double three corrective wave. A lack of momentum indicating the ongoing last leg of wave ((z)) of the triple corrective wave
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2021-03-08 21:13 | Report Abuse
Wow. EPF joined RSS to sell?
Tan KW commented on Nanyang.com: "回顾高产柅品工业（KOSSAN）的股价走势，当公司在2月16日宣布史上最佳业绩及派发每股11仙股息时，股价小作反弹之后又再滑落，如今跌到3.70令吉，比宣布业绩时的4令吉更低，基本面看来也更低廉"
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2021-03-04 20:05 | Report Abuse
EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 843,700 shares on 01-Mar-2021.
EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 3,740,800 shares on 01-Mar-2021.
EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 142,400 shares on 26-Feb-2021.
EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 6,000,000 shares on 26-Feb-2021.
EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 177,500 shares on 25-Feb-2021.
EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 3,866,400 shares on 25-Feb-2021.
EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 303,000 shares on 24-Feb-2021.
EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 7,140,300 shares on 24-Feb-2021.
EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 3,473,600 shares on 23-Feb-2021.
EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 300,000 shares on 22-Feb-2021.
EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 4,000,000 shares on 22-Feb-2021.
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2021-03-04 20:02 | Report Abuse
The Great Glove Sale is over.Those who miss the boat to collect cheap yesterday better catch the last train before next Tuesday. Even EPF has been buying!
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2021-03-03 21:12 | Report Abuse
EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 142,400 shares on 26-Feb-2021.
EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 6,000,000 shares on 26-Feb-2021.
EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 177,500 shares on 25-Feb-2021.
EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 3,866,400 shares on 25-Feb-2021.
EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 303,000 shares on 24-Feb-2021.
EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 7,140,300 shares on 24-Feb-2021.
EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 3,473,600 shares on 23-Feb-2021.
EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 300,000 shares on 22-Feb-2021.
EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 4,000,000 shares on 22-Feb-2021.
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2021-03-03 21:10 | Report Abuse
The Great Glove Sale is over.Those who miss the boat to collect cheap yesterday better catch the last train before next Tuesday. Even EPF has been buying!
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2021-03-03 13:58 | Report Abuse
EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 177,500 shares on 25-Feb-2021.
EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 3,866,400 shares on 25-Feb-2021.
EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 303,000 shares on 24-Feb-2021.
EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 7,140,300 shares on 24-Feb-2021.
EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 3,473,600 shares on 23-Feb-2021.
EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 300,000 shares on 22-Feb-2021.
EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 4,000,000 shares on 22-Feb-2021.
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2021-03-03 13:47 | Report Abuse
The Great Glove Sale is over.Those who miss the boat to collect cheap yesterday better catch the last train before next Tuesday. Even EPF has been buying!
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2021-02-19 22:14 | Report Abuse
Why the Banks and Brokerage Houses keep loweing their price targets?
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2021-02-19 22:13 | Report Abuse
Date Open Target Upside/ Price Source
Price Price Downside Call
02/02/2021 6.80 7.80 +1.00 (14.71%) BUY KENANGA
02/02/2021 6.80 10.20 +3.40 (50.00%) BUY BIMB
02/02/2021 6.80 10.90 +4.10 (60.29%) BUY AffinHwang
30/01/2021 6.80 11.80 +5.00 (73.53%) BUY CIMB
11/01/2021 7.20 9.05 +1.85 (25.69%) BUY KENANGA
22/12/2020 7.00 9.05 +2.05 (29.29%) BUY KENANGA
04/12/2020 8.75 12.00 +3.25 (37.14%) BUY KENANGA
24/11/2020 8.08 12.00 +3.92 (48.51%) BUY KENANGA
04/11/2020 9.02 13.20 +4.18 (46.34%) BUY CIMB
28/10/2020 9.91 13.83 +3.92 (39.56%) BUY MIDF
28/10/2020 9.91 12.00 +2.09 (21.09%) BUY KENANGA
28/10/2020 9.91 14.50 +4.59 (46.32%) BUY BIMB
28/10/2020 9.91 16.40 +6.49 (65.49%) BUY AffinHwang
12/09/2020 7.50 13.50 +6.00 (80.00%) BUY CIMB
05/09/2020 9.60 13.50 +3.90 (40.63%) BUY CIMB
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2021-02-17 13:40 | Report Abuse
Short covering by shorties & glove company Towkays buying back their undervalued shares today?
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2021-02-17 09:36 | Report Abuse
Short covering by Big Boys? Retail investors also jumping on board?
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2021-02-16 10:04 | Report Abuse
Why the cashrich glove company Towkays dont spend more to buy back their undervalued shares?
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2021-02-16 10:01 | Report Abuse
Why the cashrich glove company Towkays dont spend more to buy back their undervalued shares?
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2021-02-15 11:23 | Report Abuse
Hopefully, the fatcat Topglove owners will spend more of the company's profit to buy back the undevalued shares!
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2021-02-15 11:17 | Report Abuse
KUALA LUMPUR (Feb 10): Top Glove Corp Bhd, which will release its quarterly earnings next month, has engaged in its first share buyback of the year after it stopped the exercise after Dec 14.
A bourse filing showed that the glove maker spent RM3.69 million for 600,700 shares bought back in the open market at RM6.15 per share today.
Top Glove's share price closed at the same price at RM6.15, down five sen with 20.31 million shares changing hands.
The glove maker’s share price has been on the decline this week after it rebounded to RM7.05 on Feb 2. The buying interest among the retail investors that aimed to “short squeeze” short sellers has not gathered much steam so far.
The rubber glove manufacturer currently has 178.96 million treasury shares, which is 2.19% of its total issued share capital of 8.2 billion shares.
The last time the company had engaged in a share buyback was on Dec 14 when it had spent RM3.63 million on 576,900 shares. In December alone, share buyback activity cost Top Glove RM123.5 million.
Since September, Top Glove has utilised a whopping RM1.28 billion of its cash pile for share buyback, with RM354.74 million spent in September, and RM802.55 million in November.
For perspective, the sum is about 68.6% of the group’s net profit of RM1.87 billion for its financial year ended Aug 31, 2020 (FY20) or 53.9% of the group’s net profit of RM2.38 billion for 1QFY21.
Stock: [TENAGA]: TENAGA NASIONAL BHD
2022-06-07 11:22 | Report Abuse
TENAGA | Tenaga Nasional Berhad
May 31
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind
First quarter 2022 results:
EPS: RM0.16 (down from RM0.17 in 1Q 2021).
Revenue: RM15.7b (up 36% from 1Q 2021).
Net income: RM893.1m (down 6.8% from 1Q 2021).
Profit margin: 5.7% (down from 8.4% in 1Q 2021). The decrease in margin was driven by higher expenses.
Revenue exceeded analyst estimates by 8.7%. Earnings per share (EPS) missed analyst estimates by 25%.
Over the next year, revenue is expected to shrink by 8.3% compared to a 4.8% growth forecast for the industry in Malaysia.
Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.