Friday, November 19, 2010

Company Financial Result

WCT  reported  its  3Q10  earnings  of  RM30.56mn,  which represents a 9.5% decline in earnings sequentially. Consequently, 9M10 earnings decreased YoY by  13.3%  to  RM99.3mn.

IOI Corp reported 1Q FY11 results yesterday, -2.6%yoy to RM408mn, accounting for 19% of our FY forecast.  Results included forex translation gain on US$ debt and impact of FRS 139 accounting.

TSH Resources   9M10 net profit.  Earnings dragged by lower ASP of Indonesian CPO , lower yields from newly matured trees and higher tax expenses.  FY10F earnings cut by 12% 

CB Industrial Product 3Q10 net profit exceeded expectations
3Q10 was lifted by improved operating efficiencies and higher earnings from associates and JVs FY10F-12F earnings increased by 5-12%

Kossan Rubber Industries.  3Q10 net profit of RM28.6m (-5% q-o-q) and 9M10 of RM88.9m. Operating margins were lower at 14.4% due to cost pressures


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