| PetronM | |||||||||||
| Quarterly Report History | |||||||||||
| Qtr | Financial | Revenue | … | PBT | … | PAT | … | PBT | |||
| No | Quarter | (RM,000) | … | (RM,000) | … | (RM,000) | … |
|
|||
| 1 | 31-Mar-17 | 2,556,604 | … | 148,478 | … | 108,537 | … | 5.8% | |||
| 4 | 31-Dec-16 | 2,289,544 | … | 152,768 | … | 112,618 | … | 6.7% | |||
| 3 | 30-Sep-16 | 1,823,849 | … | 60,770 | … | 46,789 | … | 3.3% | |||
| 2 | 30-Jun-16 | 1,830,902 | … | 86,719 | … | 61,531 | … | 4.7% | |||
| 1 | 31-Mar-16 | 1,658,182 | … | 22,727 | … | 16,613 | … | 1.4% | |||
| 4 | 31-Dec-15 | 1,883,392 | … | 10,050 | … | 17,127 | … | 0.5% | |||
| 3 | 30-Sep-15 | 2,161,298 | … | 107,477 | … | 74,159 | … | 5.0% | |||
| 2 | 30-Jun-15 | 2,265,985 | … | 106,338 | … | 73,375 | … | 4.7% | |||
| 1 | 31-Mar-15 | 1,839,618 | … | 82,351 | … | 56,822 | … | 4.5% | |||
| 4 | 31-Dec-14 | 2,290,001 | … | -64,914 | … | -47,583 | … | -2.8% | |||
| 3 | 30-Sep-14 | 2,621,028 | … | -9,426 | … | -8,664 | … | -0.4% | |||
| 2 | 30-Jun-14 | 3,047,105 | … | -2,105 | … | -1,515 | … | -0.1% | |||
| No. | Financial | ttm-Rev | … | ttm-PBT | … | ttm-PAT | … | ttm-PBT | |||
| Qtr. | Quarter | (RM,000) | … | (RM,000) | … | (RM,000) | … | Margin | |||
|
31-Dec-17 | 8,500,899 | … | 448,735 | … | 329,475 | … | 5.3% | |||
| 4 | 31-Dec-16 | 7,602,477 | … | 322,984 | … | 237,551 | … | 4.2% | |||
| 3 | 31-Dec-16 | 7,196,325 | … | 180,266 | … | 142,060 | … | 2.5% | |||
| 2 | 31-Dec-16 | 7,533,774 | … | 226,973 | … | 169,430 | … | 3.0% | |||
| 1 | 31-Dec-16 | 7,968,857 | … | 246,592 | … | 181,274 | … | 3.1% | |||
| 4 | 31-Dec-15 | 8,150,293 | … | 306,216 | … | 221,483 | … | 3.8% | |||
| 3 | 31-Dec-15 | 8,556,902 | … | 231,252 | … | 156,773 | … | 2.7% | |||
| 2 | 31-Dec-15 | 9,016,632 | … | 114,349 | … | 73,950 | … | 1.3% | |||
| 1 | 31-Dec-15 | 9,797,752 | … | 5,906 | … | -940 | … | 0.1% | |||
| 4 | 31-Dec-14 | … | … | … | |||||||
| 3 | 31-Dec-14 | … | … | … | |||||||
| 2 | 31-Dec-14 | … | … | … | |||||||
| Qtr | Financial | EPS | … | DPS | … | NTA | … | ttm-EPS | … | ttm-DPS | |
| No | Quarter | (Cent) | … | (Cent) | … | (RM) | … | (Cent) | … | (Cent) | |
| 1 | 31-Mar-17 | 40.2 | … | 0 | … | 4.713 | … | 122.03 | … | 22 | |
| 4 | 31-Dec-16 | 41.71 | … | 22 | … | 4.311 | … | 87.98 | … | 22 | |
| 3 | 30-Sep-16 | 17.33 | … | 0 | … | 3.898 | … | 52.29 | … | 20 | |
| 2 | 30-Jun-16 | 22.79 | … | 0 | … | 3.725 | … | 62.43 | … | 20 | |
| 1 | 31-Mar-16 | 6.15 | … | 0 | … | 3.697 | … | 66.82 | … | 20 | |
| 4 | 31-Dec-15 | 6.02 | … | 20 | … | 3.635 | … | 81.72 | … | 20 | |
| 3 | 30-Sep-15 | 27.47 | … | 0 | … | 3.572 | … | 58.1 | … | 0 | |
| 2 | 30-Jun-15 | 27.18 | … | 0 | … | 3.297 | … | 27.43 | … | 0 | |
| 1 | 31-Mar-15 | 21.05 | … | 0 | … | 3.025 | … | -0.35 | … | 0 | |
| 4 | 31-Dec-14 | -17.6 | … | 0 | … | 2.81 | … | #REF! | … | ||
| 3 | 30-Sep-14 | -3.2 | … | 0 | … | 2.99 | … | #REF! | … | ||
| 2 | 30-Jun-14 | -0.6 | … | 0 | … | 3.02 | … | #REF! | … | ||
Wednesday 23 August 2017
PetronM 23.8.2017
Tuesday 22 August 2017
ANN JOO RESOURCES BERHAD 22.8.2017
Prospects
The global steel market, and the long product segment in particular, witnessed a surge in steel prices since the beginning of the second half of the year (“2H17”) given the China government’s continued efforts to curb steel capacity and, importantly, the elimination of induction furnaces.
For the remaining period of 2017, the Group remains optimistic about its prospects given the following fundamental drivers:
a. Global steel supply is expected to be affected by:
i. Potential output cuts by Chinese steel mills over winter; and
ii. Potential production constraints faced by electric arc furnace operators globally given shortages in graphite electrodes worldwide.
This expected demand-supply imbalance should enable the Group to be in an advantageous position as a hybrid Blast Furnace-Electric Arc Furnace (“BF-EAF”) operator with high degree of operational flexibility.
The Group’s cost competitiveness will continue to drive its cost-leadership in the construction steel sector.
b. The expected upturn in construction steel demand from infrastructure and large-scale property development projects in Malaysia and most of the ASEAN countries, which are expected to ramp up in the latter part of 2017.
Nevertheless, shortage of foreign labour remains a potential issue for the construction industry which may temporarily affect domestic demand for construction steel.
The Group remains highly responsive to market changes and agile in sales mix and, in event of temporary lulls in domestic demand, the Group is able to rapidly increase its exports to meet regional demand.
c. Decreased import tonnage of billets from China given high domestic prices and ample infrastructure-driven demand in China.
The Group is well positioned to capitalise on export market opportunities within Asean region given large regional demand, fluctuating China supply and prolonged lead time for supply from Middle East and other regions.
Given the fundamental drivers mentioned above and continued enhancements in operating efficiency, the Group’s performance is expected to remain satisfactory for the remaining period of 2017.
The global steel market, and the long product segment in particular, witnessed a surge in steel prices since the beginning of the second half of the year (“2H17”) given the China government’s continued efforts to curb steel capacity and, importantly, the elimination of induction furnaces.
For the remaining period of 2017, the Group remains optimistic about its prospects given the following fundamental drivers:
a. Global steel supply is expected to be affected by:
i. Potential output cuts by Chinese steel mills over winter; and
ii. Potential production constraints faced by electric arc furnace operators globally given shortages in graphite electrodes worldwide.
This expected demand-supply imbalance should enable the Group to be in an advantageous position as a hybrid Blast Furnace-Electric Arc Furnace (“BF-EAF”) operator with high degree of operational flexibility.
The Group’s cost competitiveness will continue to drive its cost-leadership in the construction steel sector.
b. The expected upturn in construction steel demand from infrastructure and large-scale property development projects in Malaysia and most of the ASEAN countries, which are expected to ramp up in the latter part of 2017.
Nevertheless, shortage of foreign labour remains a potential issue for the construction industry which may temporarily affect domestic demand for construction steel.
The Group remains highly responsive to market changes and agile in sales mix and, in event of temporary lulls in domestic demand, the Group is able to rapidly increase its exports to meet regional demand.
c. Decreased import tonnage of billets from China given high domestic prices and ample infrastructure-driven demand in China.
The Group is well positioned to capitalise on export market opportunities within Asean region given large regional demand, fluctuating China supply and prolonged lead time for supply from Middle East and other regions.
Given the fundamental drivers mentioned above and continued enhancements in operating efficiency, the Group’s performance is expected to remain satisfactory for the remaining period of 2017.
INARI AMERTRON BERHAD 22.8.2017
Commentary on Prospects
Gartner Inc reported in their July 2017 press release that the worldwide semiconductor revenue is forecast to total USD401.4 billion in 2017, an increase of 16.8 percent from year 2016. This will be the first time semiconductor revenue has surpassed USD400 billion.
The World Semiconductor Trade Statistics (WSTS) has in its semiconductor market forecast spring 2017 projects that the worldwide semiconductor market growth is expected to continue through in 2018 with all major product categories and regions are forecasted to grow with the overall market by 2.7%, followed by a slight decrease of 0.2% in 2019.
In July 2017, IMF in its World Economic Outlook Update maintained the world economy growth projection of 3.5% in 2017 and 3.6% in 2018. The unchanged global growth projections mask somewhat different contributions at the country level. For the world’s two largest economies,
For the new financial year ending 30 June 2018, the Group remains cautiously optimistic in delivering positive performance from our continuing manufacturing activities in the Wireless RF and Optoelectronics operations including the latest iris scan product manufacturing in line with projected industry performance and growth outlook in the worldwide semiconductor industry.
The Group also continues to work on new manufacturing projects to enhance its overall growth.
Gartner Inc reported in their July 2017 press release that the worldwide semiconductor revenue is forecast to total USD401.4 billion in 2017, an increase of 16.8 percent from year 2016. This will be the first time semiconductor revenue has surpassed USD400 billion.
The World Semiconductor Trade Statistics (WSTS) has in its semiconductor market forecast spring 2017 projects that the worldwide semiconductor market growth is expected to continue through in 2018 with all major product categories and regions are forecasted to grow with the overall market by 2.7%, followed by a slight decrease of 0.2% in 2019.
In July 2017, IMF in its World Economic Outlook Update maintained the world economy growth projection of 3.5% in 2017 and 3.6% in 2018. The unchanged global growth projections mask somewhat different contributions at the country level. For the world’s two largest economies,
- the growth forecast in the United States has been revised downward is based on the assumption that fiscal policy will be less expansionary going forward than previously anticipated, given the uncertainty about the timing and nature of fiscal policy changes and the market expectations of fiscal stimulus have also receded;
- China’s growth projection was revised up, reflecting the stronger than expected outturn in the first quarter of 2017 underpinned by previous policy easing and supply-side reforms and expectations of continued supportive fiscal policy from the government.
For the new financial year ending 30 June 2018, the Group remains cautiously optimistic in delivering positive performance from our continuing manufacturing activities in the Wireless RF and Optoelectronics operations including the latest iris scan product manufacturing in line with projected industry performance and growth outlook in the worldwide semiconductor industry.
The Group also continues to work on new manufacturing projects to enhance its overall growth.
DAGANG NEXCHANGE BERHAD 22.8.2017
Prospects for 2017
The Group’s Information Technology business continues to firm up its e-services by broadening its product range in business-to-business segment to complement the Group’s position in delivering business-to-government services.
The award to supply Portable Container Systems (“PCS”) for petroleum products by Petro Teguh (M) Sdn Bhd, is in line with our plan to pursue opportunistic contracting work in Oil & Gas downstream sector leveraging on OGPC’s expertise in delivering innovative engineered systems in short-cycle projects. This PCS project augurs well with our strategy to expand on the Group’s Energy division and further strengthen this business segment and provide growth moving forward.
Barring any unforeseen circumstances, the Group expects to deliver positive results for the year 2017.
The Group’s Information Technology business continues to firm up its e-services by broadening its product range in business-to-business segment to complement the Group’s position in delivering business-to-government services.
The award to supply Portable Container Systems (“PCS”) for petroleum products by Petro Teguh (M) Sdn Bhd, is in line with our plan to pursue opportunistic contracting work in Oil & Gas downstream sector leveraging on OGPC’s expertise in delivering innovative engineered systems in short-cycle projects. This PCS project augurs well with our strategy to expand on the Group’s Energy division and further strengthen this business segment and provide growth moving forward.
Barring any unforeseen circumstances, the Group expects to deliver positive results for the year 2017.
SUMMARY OF KEY FINANCIAL INFORMATION
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
| ||||
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD | ||
30 Jun 2017
|
30 Jun 2016
|
30 Jun 2017
|
30 Jun 2016
| ||
$$'000
|
$$'000
|
$$'000
|
$$'000
| ||
| 1 | Revenue |
49,108
|
47,421
|
92,933
|
74,313
|
| 2 | Profit/(loss) before tax |
13,308
|
91,531
|
29,451
|
97,803
|
| 3 | Profit/(loss) for the period |
11,664
|
89,776
|
26,667
|
94,456
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
11,929
|
89,500
|
27,009
|
94,873
|
| 5 | Basic earnings/(loss) per share (Subunit) |
0.68
|
11.54
|
1.55
|
12.24
|
| 6 | Proposed/Declared dividend per share (Subunit) |
0.50
|
0.00
|
0.50
|
1.00
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
| ||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
0.2400
|
0.2300
| ||
Maybulk (22.8.2017)
Prospect
The Baltic dry index averaged 1,006 points in Q2 2017.
China continues to import a record amount of iron ore and if the current level of buying is sustained into the second half of the year, China’s iron ore imports will exceed last year’s record of 1.024 billion metric tons and will help mitigate the reduced Indian coal imports.
The IMO recently announced that they would delay the deadline for the implementation of ballast water management system (“BWTS deadline”) on existing ships until the first statutory docking survey after 2019 against the original deadline of September 2017. With the delay in the BWTS deadline, owners may decide to defer the scrapping of older vessels and continue trading which is not positive for the freight market.
The outlook for the oil and gas sector continues to remain depressed and the timing of recovery is uncertain. This will continue to have a negative impact on the financial performance of our associate, POSH as well as MBC.
The Board is encouraged by the improving dry bulk market but remains concerned over the depressed offshore services segment and its adverse impact on the overall MBC’s performance.
The Baltic dry index averaged 1,006 points in Q2 2017.
China continues to import a record amount of iron ore and if the current level of buying is sustained into the second half of the year, China’s iron ore imports will exceed last year’s record of 1.024 billion metric tons and will help mitigate the reduced Indian coal imports.
The IMO recently announced that they would delay the deadline for the implementation of ballast water management system (“BWTS deadline”) on existing ships until the first statutory docking survey after 2019 against the original deadline of September 2017. With the delay in the BWTS deadline, owners may decide to defer the scrapping of older vessels and continue trading which is not positive for the freight market.
The outlook for the oil and gas sector continues to remain depressed and the timing of recovery is uncertain. This will continue to have a negative impact on the financial performance of our associate, POSH as well as MBC.
The Board is encouraged by the improving dry bulk market but remains concerned over the depressed offshore services segment and its adverse impact on the overall MBC’s performance.
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