Morning Call; Wall Street Rebound Likely To Bolster Buying Support For Local Technology Stocks
Wall Street Rebound Likely To Bolster Buying Support For Local Technology Stocks
“The stockbroking firm said that the commodity markets are still elevated, and traders may favour the energy and plantation stocks. Meanwhile, for the recovery theme play, we will look into the consumer, utilities, or REITs sectors.”
To read the full story, click here.
ICON Posts Revenue of MYR67 Million, OSV Segment Remains Main Driver
“The strong rebound of global oil and gas industry in 2021 saw the oil prices reaching their highest in six years and likewise, accelerated the oil and gas majors’ activities in Southeast Asia. Coupled with recent international events that led to a shortage in global oil supply, oil prices have stayed above USD100 per barrel since March 2022 and this upward trend is expected to continue.”
To read the full story, click here.
Capital A Grew Its Aviation Revenue By 226%, Overall Net Loss For Q1 At RM1.07 Billion
Commenting on the performance, Tan Sri Tony Fernandes said “the world is reopening and travel restrictions are subsiding in all of our core markets. These will significantly benefit both our airlines and non-airline businesses. We are preparing to recall remaining furloughed staff amid an expected earnings recovery.”
To read the full story, click here.
Petronas Dagangan Q1 Revenue Rises To RM7.6 Billion However Profits Slips By 37%
“Retail Segment revenue increased by RM750.9 million, mainly contributed by a higher sales volume of 18% as well as an increase in average selling prices by 6% in tandem with higher demand. PBT recorded for the period was RM211.9 million, an increase of RM29.0 million against the corresponding quarter, mainly contributed by higher gross profit across all products from higher sales volume.”
To read the full story, click here.
Samaiden 3Q Net Profit Soared 291% Driven EPCC Project Wins
“For the nine-month period ended 31 March 2022 (9M FY2022), an increase of 243.07% in revenue to RM97.04 million compared with RM28.28 million in the corresponding period of FY2021 (9M FY2021) while PBT gained 103.38% to RM11.62 million compared with RM5.71 million in the corresponding period of the previous financial year.”
To read the full story, click here.