Carlsberg and Heineken rise, among top gainers on Bursa
The Edge 15 hrs ago Syafiqah Salim © Provided by The Edge
KUALA LUMPUR (July 19): Carlsberg Brewery Malaysia Bhd and Heineken Malaysia Bhd emerged among the top gainers on Bursa Malaysia in the morning session today as investors bet on their resurgent recovery.
Carlsberg opened at RM21.20, reaching an intraday high of RM21.66 before settling at RM21.60, making it the second top gainer on Bursa at the 12.30pm break. At RM21.60, the group was valued at RM6.6 billion.
Heineken also rose 22 sen or 1.01% this morning to settle at RM22, with a market value of RM6.65 billion. Heineken the fifth top gainer so far today saw a trading volume of 85,900 shares.
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Heineken Malaysia posts 29% jump in net profit for Q1 21 May 2021 / 00:17 H.
PETALING JAYA: Heineken Malaysia Bhd’s net profit for its first quarter ended March 31, 2021 rose 29.1% to RM73.54 million from RM56.96 million in the same quarter of the previous year, driven by revenue growth, cost management and subdued commercial activations.
In its Bursa disclosure, the group opined that the business environment will remain challenging for the rest of 2021.
It remains committed in delivering its priorities for 2021 with increased focus on safety of its people, right sizing the organisation and cost base, accelerate its digital agenda and leverage its strong business fundamentals
KUALA LUMPUR (April 15): While much has been said about the growth of glove stocks and tech counters on Bursa Malaysia, two companies in different sectors Press Metal Aluminium Holdings Bhd and Petronas Chemicals Group Bhd (PetChem) have emerged as dark horses in the list of largest companies.
Press Metal was the 28th largest company on the exchange on March 31, 2020 with a market capitalisation of RM13.29 billion, according to Bloomberg data. It rose to 22nd place on Sept 30, 2020 with a market value of RM20.77 billion, and has now climbed to eighth place with a value RM40.46 billion.
In short, between March 31, 2020 and today, the aluminium supplier has added some RM27.17 billion in market capitalisation.
THE earnings season for the fourth and final quarter of 2020 has yet to come to an end a one-month extension was given by the regulators as a temporary relief measure because of the Covid-19 pandemic but based on companies that have already submitted their reports, results are encouraging.
A quick look at 270 listed companies on Bursa Malaysia with a market capitalisation of RM500 million or more shows that 151 recorded an improvement in quarterly earnings while 119 reported a decline.
RHB Research, in a March 2 strategy note, describes the December 2020 quarter as encouraging, with 2021-2022 forecast core earnings still largely intact notwithstanding a last-minute RM2.83 billion global settlement provision by AMMB Holdings Bhd and excluding positive earnings revisions for rubber glove stocks.
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