Net property

KUALA LUMPUR: MyNews Holdings Bhd posted a net loss of RM10.22mil in the second quarter ended April 30, against a net loss of RM10.32mil in the same period last year. The convenience retail chain operator’s revenue for the quarter rose 35.7% to RM141.1mil from RM103.94mil achieved in the same quarter a year prior. The improved revenue was contributed by the growth in the number of outlets and increase in footfall upon relaxation of the full lockdown by the government. Its number of outlets increased to 556 from 519 in the second quarter. Mynews, in the notes accompanying its financial results, said was an increase in administration expenses from RM7.81mil to RM8.97mil. “This was attributed to the continual addition of new talents, and cost of marketing materials to promote the new retail brands, new products and the 66 new CU stores launched over the most recent two quarters,” it said. In addition, selling and distribution expenses increased from RM20.76mil to … [Read more...] about Mynews posts net loss of RM10.22mil in 2Q22

This article first appeared in The Edge Financial Daily, on March 31, 2020 . - A + A Permaju Industries Bhd (-ve) Permaju Industries Bhd (fundamental: 0.75/3, valuation: 0.3/3) made it into our Stocks with Momentum list yesterday for the sixth time in March. The counter settled four sen or 4.02% lower at 95.5 sen, with 13.02 million shares traded, over three times its 200-day average volume of 3.65 million shares. For the second quarter ended June 30, 2019, Permaju reported a net loss of RM762,000 on a revenue of RM18.55 million. The revenue was mainly derived from its automotive division. There were no comparison numbers for the previous year’s corresponding period, due to a change in its financial year end from Dec 31 to June 30. For the cumulative six-month period, Permaju posted a net loss of RM1.36 million on a revenue of RM37.36 million. The loss was because of losses recorded for its automotive, timber and property divisions, which … [Read more...] about Stock With Momentum: Permaju Industries

This article first appeared in The Edge Financial Daily, on March 31, 2020 . - A + A Euro Holdings Bhd (-ve) TRADING of shares in Euro Holdings Bhd (fundamental: 0.35/3, valuation: 0.3/3) triggered our momentum algorithm yesterday for the fourth time this year. The counter closed eight sen or 25.4% higher at 39.5 sen, with 11.04 million shares traded, over six times its 200-day average volume of 1.77 million shares. The group is principally engaged in the design, manufacturing and trading of its own brand of chairs, system furniture, storage and accessories. For the fourth quarter ended Dec 31, 2019, the group’s net loss almost doubled to RM4.18 million from RM2.18 million for the corresponding period last year, mainly due to higher cost incurred and a provision for late delivery by the property division. Quarterly revenue fell 32% to RM18.16 million from RM26.6 million, due to lower property completion rates and lower sales owing to … [Read more...] about Stock With Momentum: Euro Holdings

This article first appeared in The Edge Financial Daily, on April 1, 2020 . - A + A Sanichi Technology Bhd (+ve) TRADING of shares in Sanichi Technology Bhd (fundamental: 1.2/3, valuation: 0.9/3) triggered our momentum algorithm yesterday for the first time this year. The counter closed half a sen or 10% lower at 4.5 sen, with 76.4 million shares traded, over six times its 200-day average volume of 12.24 million shares. The loss-making company continued to bleed in its fourth quarter ended Dec 31, 2019 with a net loss of RM1.34 million — its fifth straight quarterly loss — albeit at a smaller volume compared with RM11.04 million a year ago, due to lower operating costs from cost-controlling measures implemented. Revenue for the quarter also jumped more than three times to RM12.53 million from RM3.53 million a year ago, as revenue recognition in its property development segment picked up. For the full year ended Dec 31, 2019, the company’s net … [Read more...] about Stock With Momentum: Sanichi Technology