KUALA LUMPUR: Stocks which could see trading interest on Tuesday, March 29 include JAYA TIASA HOLDINGS BHD [], SAPURACREST PETROLEUM BHD [], Boustead Heavy Industries Bhd (BHIC)and CypARK RESOURCES BHD [].
However, overall trading interest could be restrained by the weaker overnight performance on Wall Street. U.S. stocks fell on Monday, March 28 as the corporate outlook was clouded ahead of earnings and uncertainty continued to creep from abroad, while volume hit its lowest level of the year.
The Dow Jones industrial average lost 22.71 points, or 0.19%, to 12,197.88. The Standard & Poor's 500 Index fell 3.61 points, or 0.27%, to 1,310.19. The Nasdaq Composite Index fell 12.38 points, or 0.45%, to 2,730.68.
At Bursa Malaysia, Jaya Tiasa's net profit rose 191% to RM39.89 million in the third quarter ended Jan 31, 2011 from RM13.67 million a year ago, boosted by higher prices for its timber and palm oil.
Revenue rose 13.3% to RM237.64 million from RM209.68 million while earnings per share were 14.94 sen compared with 5.12 sen.
Jaya Tiasa said the better results in revenue and pre-tax profit were mainly due to higher profit margin from logs sales with 36% increase in average selling price and 50 % increase in fresh fruit bunch (FFB) sales volume with 61 % improvement in average selling price.
It said for the nine months, net profit jumped 425% to RM92.42 million from RM17.59 million while revenue rose 10.6% to RM615.39 million from RM556.38 million.
SapuraCrest Petroleum's net profit for the fourth quarter ended Jan 31, 2011 jumped 79% to RM 72.67 million from RM40.57 million a year earlier, due mainly to improved performance in the operations and maintenance and marine services divisions.
Revenue rose 26% to RM609.95 million from RM484.48 million in 2010. Earnings per share was 5.69 sen, while net assets per share was 87 sen.
SapuraCrest proposed a single tier final dividend of 5.5 sen per share for the financial year ended Jan 31, 2011.
For the financial year ended Jan 31, the company's net profit rose to RM231.45 million from RM172.04 million a year earlier, on the back of revenue RM3.19 billion.
BHIC's associate Boustead Naval Shipyard Sdn Bhd (BNS) has been served with a writ of summons by Meridien Shore Sdn Bhd which is claiming RM49.5 million in losses.
Meridien, which is in liquidation, was claiming RM49.57 million as specific damages, interest at 8% per annum, general damages, cost and other relief over the alleged losses suffered after Bank Kerjasama Rakyat Malaysia Bhd foreclosed on several parcels of its land in Johor.
Konsortium ABASS Sdn Bhd has filed a writ of summons against Syarikat Bekalan Air Selangor Sdn Bhd (SYABAS), demanding the latter make full payment on invoices issued pursuant to the privatisation cum concession agreement dated Dec 9, 2000.
KUMPULAN PERANGSANG SELANGOR [] Bhd said on Monday, March 28 the suit also involved related agreements, including the Feb 15, 2005 novation agreement, judgment for RM149.48 million for outstanding invoices as well as interest of RM6.21 million.
Cypark Resources reported net profit of RM6.55 million in the first quarter ended Jan 31, 2011 on the back of RM42.61 million in revenue and expects to ride on the growing renewable energy business. Earnings per share were five sen.
When compared to the previous quarter, it said the revenue rose by 17% to RM42.61 million mainly due to the smooth progress of phase two of its projects.
However, the 1Q gross profit margin fell 10.7% to 26.1% due to lower margins from engineering works.
It said it planned to venture into the renewable energy business. The proposed renewable energy park project in Pajam would harness the potential resources at the landfill. The solar, landfill gas (biogas) and waste (biocell) would enable it to tap into scalable renewable energy which would generate up 10 MW.
However, overall trading interest could be restrained by the weaker overnight performance on Wall Street. U.S. stocks fell on Monday, March 28 as the corporate outlook was clouded ahead of earnings and uncertainty continued to creep from abroad, while volume hit its lowest level of the year.
The Dow Jones industrial average lost 22.71 points, or 0.19%, to 12,197.88. The Standard & Poor's 500 Index fell 3.61 points, or 0.27%, to 1,310.19. The Nasdaq Composite Index fell 12.38 points, or 0.45%, to 2,730.68.
At Bursa Malaysia, Jaya Tiasa's net profit rose 191% to RM39.89 million in the third quarter ended Jan 31, 2011 from RM13.67 million a year ago, boosted by higher prices for its timber and palm oil.
Revenue rose 13.3% to RM237.64 million from RM209.68 million while earnings per share were 14.94 sen compared with 5.12 sen.
Jaya Tiasa said the better results in revenue and pre-tax profit were mainly due to higher profit margin from logs sales with 36% increase in average selling price and 50 % increase in fresh fruit bunch (FFB) sales volume with 61 % improvement in average selling price.
It said for the nine months, net profit jumped 425% to RM92.42 million from RM17.59 million while revenue rose 10.6% to RM615.39 million from RM556.38 million.
SapuraCrest Petroleum's net profit for the fourth quarter ended Jan 31, 2011 jumped 79% to RM 72.67 million from RM40.57 million a year earlier, due mainly to improved performance in the operations and maintenance and marine services divisions.
Revenue rose 26% to RM609.95 million from RM484.48 million in 2010. Earnings per share was 5.69 sen, while net assets per share was 87 sen.
SapuraCrest proposed a single tier final dividend of 5.5 sen per share for the financial year ended Jan 31, 2011.
For the financial year ended Jan 31, the company's net profit rose to RM231.45 million from RM172.04 million a year earlier, on the back of revenue RM3.19 billion.
BHIC's associate Boustead Naval Shipyard Sdn Bhd (BNS) has been served with a writ of summons by Meridien Shore Sdn Bhd which is claiming RM49.5 million in losses.
Meridien, which is in liquidation, was claiming RM49.57 million as specific damages, interest at 8% per annum, general damages, cost and other relief over the alleged losses suffered after Bank Kerjasama Rakyat Malaysia Bhd foreclosed on several parcels of its land in Johor.
Konsortium ABASS Sdn Bhd has filed a writ of summons against Syarikat Bekalan Air Selangor Sdn Bhd (SYABAS), demanding the latter make full payment on invoices issued pursuant to the privatisation cum concession agreement dated Dec 9, 2000.
KUMPULAN PERANGSANG SELANGOR [] Bhd said on Monday, March 28 the suit also involved related agreements, including the Feb 15, 2005 novation agreement, judgment for RM149.48 million for outstanding invoices as well as interest of RM6.21 million.
Cypark Resources reported net profit of RM6.55 million in the first quarter ended Jan 31, 2011 on the back of RM42.61 million in revenue and expects to ride on the growing renewable energy business. Earnings per share were five sen.
When compared to the previous quarter, it said the revenue rose by 17% to RM42.61 million mainly due to the smooth progress of phase two of its projects.
However, the 1Q gross profit margin fell 10.7% to 26.1% due to lower margins from engineering works.
It said it planned to venture into the renewable energy business. The proposed renewable energy park project in Pajam would harness the potential resources at the landfill. The solar, landfill gas (biogas) and waste (biocell) would enable it to tap into scalable renewable energy which would generate up 10 MW.
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