Trading ideas: Maybank, Hong Leong Bank, HLFG, Public Bank, Farm Fresh, Hap Seng, Press Metal, Capital A, PPB, IJM, MYEG and Pecca
KUALA LUMPUR: Companies in the news include Maybank, Hong Leong Bank, HLFG, Public Bank, Farm Fresh, Hap Seng, Press Metal , Capital A, PPB, IJM, MYEG and Pecca, said Apex Securities Research.

Malayan Banking Bhd (Maybank)’s net profit rose 8.3% year-on-year (y-o-y) for the fourth quarter ended Dec 31, 2023 (4QFY2023) to RM2.39 billion, compared with RM2.21 billion for 4QFY2022.

Hong Leong Bank Bhd (HLB) reported a 4.4% growth in net profit for the second quarter ended Dec 31, 2023 (2QFY2024) to RM1.09 billion.

Hong Leong Financial Group Bhd (HLFG), which owns 64% of HLB, also eked out a 2.5% growth in net profit to RM831.87 million for 2QFY2024, from RM811.5 million a year ago.

Public Bank Bhd said its net profit fell 5.73% in the fourth quarter to RM1.62 billion.

Farm Fresh Bhd ’s net profit rose 8.91% to RM20.44 million for the third quarter ended Dec 31, 2023 (3QFY2024), from RM18.77 million a year before.

Hap Seng Consolidated Bhd ’s fourth quarter ended Dec 31, 2023 (4QFY2023) net profit fell 61.88% to RM37.36 million, from RM98.02 million a year ago.

Press Metal Aluminium Holdings Bhd's fourth quarter net profit rose 22.89% to RM320.46 million from RM260.78 million a year earlier.

Capital A Bhd is carving out the manager of its aviation brand AirAsia and injecting it into Nasdaq-listed special purpose acquisition company (SPAC) Aetherium Acquisition Corp for US$1.15 billion (RM5.48 billion) — a move to pave way for its exit from Practice Note 17 (PN17) status, besides selling its aviation business to AirAsia X Bhd .

PPB Group Bhd 's full-year net profit stood at RM1.39 billion, down 36.53% y-o-y from RM2.2 billion, while revenue dropped 7% to RM5.72 billion from RM6.15 billion during the same period a year prior.

IJM Corp Bhd 's net profit rose 34.3% to RM100.43 million for its third quarter ended Dec 31, 2023 (3QFY2024) from RM74.79 million a year earlier.

MyEG Services Bhd’s net profit for the fourth quarter ended Dec 31, 2023 (4QFY2023) doubled to RM150.16 million from RM74.69 million a year earlier.

Pecca Group Bhd has reported another record-breaking financial quarter with both revenue and net profit at all-time highs. The automotive upholstery maker’s net profit jumped 59.1% to RM13.38 million for the second financial quarter ended Dec 31, 2023 (2QFY2024).
Analyst Reports,Trading ideas,Apex,Maybank,Hong Leong Bank,HLFG,Public Bank,Farm Fresh,Hap Seng,Press Metal,Capital A,PPB,IJM,MYEG,Pecca
KUALA LUMPUR: Companies in the news include Maybank, Hong Leong Bank, HLFG, Public Bank, Farm Fresh, Hap Seng, Press Metal, Capital A, PPB, IJM, MYEG and Pecca, said Apex Securities Research.