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TSH Resources – 2QFY09 : Improving Sequentially
· Earnings sequentially stronger, but below expectations Annualised, TSH 6MFY09 net profits came in 23% below our estimates and 11% below consensus numbers. The Group performed well in 2Q comparing q-o-q from a profitability perspective owing to CPO...
Malaysian Airline System – 2QFY09 : Poor Operating Results
· Operational results missed expectation by a mile While MAS posted a net profit of RM875.5m in 2Q09, results were distorted by net derivative gains of RM1.34bn, mainly arising from higher q-o-q mark-to-market oil price. Despite recognising fuel cos...
Boustead Heavy Industries – 2QFY09 : Results Continue To Improve
· Mixed results The group recorded 2QFY09 revenue of RM120.3m (+8.0% y-o-y, 3.9% qo-q), bringing the 1HFY09 revenue to RM236.1 (+11.2% y-o-y). Meanwhile its 2Q09 net profit came in at RM18.3m (-48.2% y-o-y, +19.8% q-o-q), resulting in 1HFY09 net pro...
7 August 2009 : Newz Bits
TALKING POINT Malaysian Airline System – Poor operating results While MAS posted a net profit of RM875.5m in 2Q09, results were distorted by net derivative gains of RM1.34bn, mainly arising from higher q-o-q mark-to-market oil price. MAS register...
8 April 2009 : Newz Bits
HIGHLIGHTS On Malaysia · Proton in preliminary talks with Renault and General Motors on new technical alliance · BNM reserves rises to RM320.7bn on March 31 this year · Industrial production likely to see milder contraction in February On The Glob...
29 January 2009 Newz Bits
HIGHLIGHTS On Malaysia · HL Bank and RHB Bank also reduce BLR by 55bps to 5.95% · Gulf Petroleum Ltd has no intentions to shelf US$5bn oil and gas complex development in Malaysia · Malaysia’s palm oil exports fall 24% in first 25 days of Januar...

