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KUALA LUMPUR: Companies in the spotlight on Monday include IHH, Leform, Malakoff, Apex Equity
, MBSB, Sentoria, Far East, TNB, Sime Darby Plantation and Sam Engineering, said Apex Equities Research.
IHH Healthcare Bhd announced that certain subsidiaries of India’s Fortis Healthcare Ltd have entered into definitive agreements with MGM Healthcare Private Ltd in relation to the divestment of Fortis Malar Hospital, Chennai (Malar Hospital) and related assets for an aggregate consideration of approximately RM71.9 million (1,28,00,25,000 rupees).
Steel products manufacturer and trader Leform Bhd has bagged a supply contract from Cambodia-based contractor Nim Meng Group Co Ltd worth US$1.95 million (RM9.15 million).
Malakoff Corporation Bhd registered a net loss of RM109.42 million for the third quarter ended Sept 30, 2023 (3QFY2023), from a net profit of RM66.54 million in the same period last year, primarily due to a negative fuel margin recorded at its coal plants on the back of higher weighted average coal costs.
Apex Equity Holdings Bhd said a consent judgement was recorded at the High Court on Nov 23 between the group, Apex Securities Bhd and Securities Commission Malaysia (SC) as the material litigation against Apex Equity and Apex Securities was concluded while the SC will withdraw its claim against the two companies.
MBSB Bank Bhd has withdrawn its winding-up petitions against Sentoria Group Bhd and its wholly-owned unit Sentoria Bina Sdn Bhd (SBSB) over a judgement debt of RM303,268.
Far East Holdings Bhd expects its performance to continue to be challenging due to rising operation costs and lower crude palm oil (CPO) and palm kernel (PK) prices after its net profit for the third quarter ended Sept 30, 2023 dropped 49.85% to RM31.55 million from RM62.91 million a year earlier.
Bintulu Port Holdings Bhd posted a 13.38% rise in net profit to RM32.49 million for the third quarter ended Sept 30, 2023, attributed to lower depreciation expenses and amortisation, which offset the impact of a 5.8% year-on-year decrease in revenue.
Tenaga Nasional Bhd’s (TNB) net profit dipped by 3.7% year-on-year for the third quarter ended Sept 30, 2023 (3QFY2023), despite stronger electricity demand, as earnings were impacted by negative fuel margin.
Sime Darby Plantation Bhd registered a net profit of RM1.21 billion or 17.5 sen per share for the third quarter ended Sept 30, 2023 (3QFY2023), a threefold jump from RM396 million or 5.7 sen per share in the previous year’s corresponding quarter.
Sam Engineering & Equipment (M) Bhd’s net profit for the second quarter ended Sept 30, 2023 (2QFY2024) rose to RM32.63 million, from RM26.94 million in the same quarter last year.
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