Business This Week (August 10-14)

August 14
- SUNRISE BHD [ SUNRISE 2.090 0.010 (0.481%)] posted net profit of RM43.15 million in the fourth quarter ended June 30, 2009 and is confident of its prospects for the new financial year given its substantial locked-in unbilled sales of RM892 million as at July 31. It said revenue for 4Q was RM237.35 million while earnings per share (EPS) were 8.72 sen. It proposed a dividend of three sen per share.
- HAP SENG CONSOLIDATED BHD [ HAPSENG 2.550 -0.020 (-0.778%) ] clarified that its acquisition of a 50% stake in Inverfin Sdn Bhd, which owns Menara Citibank, would amount to RM235.39 million on an illustrative basis.
- The New Straits Times Press (Malaysia) Bhd announced that pre-tax profit was RM10.7 million for 2Q against a pre-tax loss of RM2.8 million in 1Q ended March 31.

August 13
- SCOMI GROUP BHD [ SCOMI 0.685 -0.030 (-4.196%]’s 2Q net profit slid 40% year-on-year to RM20.85 million from RM34.54 million a year ago.
- WELLCALL HOLDINGS BHD [ WELLCAL 1.300 -0.120 (-8.451%)]’s net profit for 3Q ended June 30, 2009 fell 19.95% to RM3.13 million from a year ago.
- TIME ENGINEERING BHD [ TIME 0.285 0.010 (3.636%)] reported a net profit of RM6.9 million in the 2Q ended June 30, 2009, versus a net loss of RM2.36 million a year earlier.
- PARAMOUNT CORPORATION BHD [ PARAMON 2.520 0.100 (4.132%) ]’s net profit rose 40% to RM17.91 million in its 2Q ended June 30, 2009 from RM12.75 million a year ago.
- GREEN PACKET BHD [ GPACKET 0.845 0.000 (0.000%) ]’s net loss widened to RM27.87 million in its second quarter ended June 30, 2009 from RM4.89 million a year agor.
- Aeon Co (M) Bhd recorded higher net profit of RM19.4 million for the second quarter ended June 30, 2009, from RM18.88 million a year ago.
- Former managing director of Ho Hup CONSTRUCTION [Not Available] Co Bhd Datuk Low Tuck Choy filed two legal suits against the company, claiming the current management acted in a way that has caused losses to the construction outfit.
- China-based sportswear manufacturer XiDeLang Holdings Ltd announced plans to raise at least RM100 million from its upcoming initial public offering (IPO) in September.
- Maybank Islamic Bhd (MIB) launched a special syariah-compliant trade finance solution named Collateral Management Arrangement-i (CMA-i).
- LCL CORPORATION BHD [ LCL 0.875 -0.055 (-5.914%) ]’s subsidiary, LCL Furniture Sdn Bhd secured a RM10.62 million renovation and refurbishment contract from Berjaya Langkawi Beach Resort Sdn Bhd.

August 12
- AIRASIA BHD [ AIRASIA 1.450 -0.010 (-0.685%) ] posted a net profit of RM139.18 million for the 2Q, significantly higher than the RM9.42 million in the previous corresponding period.
- Malaysia Smelting Corp Bhd’s (MSC) 2Q net profit jumped 130.9% to RM6.99 million from RM3.03 million a year ago.
- SCOMI ENGINEERING BHD [ SCOMIEN 1.610 -0.050 (-3.012%) ]’s net profit in 2Q ended June 30, 2009 more than doubled to RM19.22 million from RM8.89 million a year earlier.
- Bousted Heavy Industries Corp (BHIC) secured a Defence Ministry contract worth RM703.82 million job to undertake the service life extension programme of two corvettes.
- KONSORTIUM LOGISTIK BHD [ KONSORT 1.610 0.000 (0.000%) ] (KLB) reported a 1.5% increase in 2Q net profit to RM9.49 million from RM9.35 million a year earlier.
- BUMIPUTRA-COMMERCE HOLDINGS [ COMMERZ 10.740 -0.040 (-0.371%) ] Bhd (BCHB) posted net profit of RM663.15 million for 2Q ended June 30, 2009, an improvement from RM650.15 million a year ago.

August 11
- AMMB HOLDINGS BHD [ AMMB 4.220 0.000 (0.000%) ]’s net profit for the first quarter ended June 30, 2009 (1Q10) rose 27.3% to RM258.24 million from RM202.9 million a year earlier.
- MALAYSIAN RESOURCES CORP [ MRCB 1.410 -0.040 (-2.759%) ] Bhd will undertake a RM2.14 billion mixed development within the Kuala Lumpur Sentral (KL Sentral) enclave.
- Japanese silicon maker Tokuyama Corp will invest ¥65 billion (RM2.4 billion) in a planned plant in Malaysia to boost its polysilicon production capacity by 75% and meet demand from solar cell makers.
-Tan Sri Robert Tan Hua Choon acquired an additional 1.37 million shares in the company, raising his shareholding to 35.33% or 21.87 million shares.
- SCOMI MARINE BHD [ SCOMIMR 0.620 -0.030 (-4.615%)]'s net profit for the 2Q ended June 30, 2009, grew 55% to RM22.48 from RM14.52 million a year earlier.

August 10
- Prime Minister Datuk Seri Najib Razak said during the World Capital Markets Symposium that global regulators should err on the side of investor protection and financial stability.
- Bumiputra-Commerce Holdings Bhd (BCHB) proposed to have its name changed to CIMB Group Holdings Bhd at an EGM.
- GLOMAC BHD [ GLOMAC 1.090 -0.030 (-2.679%) ]’s unit Glomac Realty Sdn Bhd (GR) entered into a sale and purchase agreement (SPA) with Koperasi Kakitangan Bank Rakyat Bhd (SekataRakyat) for the sale of its Block B nine-storey office building in Glomac Business Centre for RM22.6 million.
-June's industrial production output (IPI) fell 9.6% from a year ago, due to a decline in the manufacturing output.