Tuesday, May 28, 2013

Summary of result during lunch time

1. BIMB: 1Q earnings up 14% YoY to RM74m
    The higher profitability was mainly achieved on the back of RM78.3m increase in revenue and   
    RM24.5m improvement in allowances for impairment on financing and advances, investment and 
    other assets.
    Islamic Banking and Takaful both doing well too.
    Outlook: Earnings make up 23% of consensus forecast, so it's barely in line with expectation. 

    Potential upside to share price but should be capped at RM4.00.
2. MAHSING: 1Q earnings up 16% YoY to RM69m
3. UEMLAND: 1Q earnings jump 289% YoY to RM211m
3. MSPORTS: 1Q earnings tumbled 56% YoY to RM7.4m

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