KUALA LUMPUR (Nov 26): Based on corporate announcements and news flow today, stocks in focus on Tuesday (Nov 27) may include: Panasonic Manufacturing Malaysia Bhd, Pecca Group Bhd, Telekom Malaysia Bhd, Tropicana Malaysia Bhd, QL Resources Bhd, Taliworks Corp Bhd, MyEG Services Bhd, Coastal Contracts Bhd, WCT Holdings Bhd, IJM Corp Bhd, and Petra Energy Bhd.

Panasonic Manufacturing Malaysia Bhd’s net profit grew 44.34% to RM34.13 million or 56 sen per share in the second quarter ended Sept 30, 2018 (2QFY19) from RM23.64 million or 39 sen per share last year due to higher revenue.

Its quarterly revenue of RM308.81 million, which was a 11.27% increase, against RM277.53 million in 2QFY18.

The group declared an interim single tier dividend of 15 sen per share for the financial year ending March 31, 2019 (FY19), payable on Jan 18, 2019.

Pecca Group Bhd’s net profit rose 24% to RM3.47 million in the first quarter ended Sept 30, 2018 (1QFY19) from RM2.79 million a year earlier, on stronger contribution from its original equipment manufacturing, pre-delivery inspection and replacement equipment manufacturer segments.

Revenue for the quarter inched up to RM27.14 million from RM26.66 million in the previous year’s corresponding quarter, the company said in a filing with Bursa Malaysia.

Telekom Malaysia Bhd, reported a quarterly net loss of RM175.59 million - the first in 10 years - for its third financial quarter ended Sept 30, 2018 (3QFY18), from a net profit of RM211.82 million in 3QFY17, dragged by an impairment loss of RM934.8 million on network assets.

The provision of RM934.8 million for the impairment of fixed and wireless network assets following the continued pressure from challenging business, industry and economic conditions, combined.

Property developer Tropicana Corp Bhd’s net profit rose 10.5% to RM34.15 million or 2.34 sen per share in the third quarter ended Sept 30, 2018 (3QFY18) from RM30.91 million or 2.11 sen per share a year ago, mainly due to lower tax expenses.

Quarterly revenue, however, fell 33% to RM307.11 million from RM458.03 million a year ago, on lower sales and progress billings from the various stages of construction work for the group’s existing on-going projects scheduled for completion in late 2018 and 2019.

QL Resources Bhd’s net profit grew 10.7% to RM60.52 million or 3.73 sen per share in the second financial quarter ended Sept 30, 2018 (2QFY19), from RM54.66 million, or 3.37 sen per share, last year on higher sales from its marine product manufacturing (MPM) business as a result of recovery of low fish catch cycle and higher contributions from surimi-based products.

Quarterly revenue expanded nearly 14% to RM920.26 million compared with RM808.91 million a year ago.

Taliworks Corp Bhd’s net profit almost doubled to RM19.68 million or 0.98 sen per share in the third quarter ended Sept 30, 2018 (3QFY18) from RM10.01 million or 0.5 sen per share a year ago, on higher contributions from the construction and water treatment, supply and distribution divisions and lower cost of operations specifically from lower rehabilitation and maintenance cost incurred in its Langkawi operations.

The group declared a third interim dividend of 1.2 sen per share amounting to RM24.2 million, for the financial year ending Dec 31, 2018 (FY18), payable on Jan 31, 2019.

MyEG Services Bhd has announced it is buying a 40% stake in an Indonesian-based e-government service provider PT Cartenz Technology Indonesia for US$10 million.

MyEG’s wholly-owned unit MyEG (Indonesia) Sdn Bhd signed a Memorandum of Understanding today with Cartenz, marking the group’s entry into the Indonesian e-government space.

Coastal Contracts Bhd’s net profit jumped five times to RM17.1 million in its first quarter ended Sept 30, 2018, from Rm3.27 million a year ago, largely due to the recognition of a foreign exchange gain compared to a loss previously.

Its revenue, however, fell 23% to RM37.13 million from Rm48.07 million a year ago, mainly as topline from its shipbuilding and ship repair division slumped to RM1.6 million from RM10.8 million, on the absence of shipbuilding revenue.

WCT Holdings Bhd reported a 35.6% decline in net profit for its third financial quarter ended Sept 30, 2018 (3QFY18) to RM26.13 million from RM40.55 million a year ago, on lower revenue as a result of lower billings from local and overseas infrastructure projects. WCT also attributed its decline in profitability to lower property sales during the period. Earnings per share was 1.89 sen versus 2.92 sen. Its revenue came in 17.8% lower at RM385.78 million, compared with RM469.25 million in 3QFY17.

IJM Corp Bhd's net profit plunged 80.81% to RM21.92 million in the group's second quarter ended Sept 30, 2018 (2QFY19) from RM114.23 million a year ago, on the back of lower revenue and higher foreign exchange (forex) losses.

Revenue for the quarter was down 18.13% to RM1.31 billion from RM1.6 billion a year earlier as the group's construction, property development, manufacturing and quarrying, as well as plantations divisions posted lower contribution.

IJM Corp proposed a single tier first interim dividend of 2 sen per share, payable on Dec 27, 2018. This compares with a dividend of 3 sen per share a year ago

Separately, IJM Corp said it is disposing of its remaining 30% stake in Indian highway concessionaire Swarna Tollway Private Ltd to MAIF Investments India 3 Pte Ltd for INR2.42 billion (RM143.4 million).

On July 20, 2015, IJM had disposed of its 70% stake in Swarna Tollway to MAIF for INR10.03 billion.

Petra Energy Bhd's net loss more than tripled to RM26.97 million in the third quarter ended Sept 30, 2018 (3QFY18) — its second consecutive quarter of losses — from RM7.91 million a year ago, due to higher losses from both the services, and production and development segments.

This was partially offset by the marine assets segment, which recorded higher pre-tax profit of RM1.9 million in 3QFY18 from RM400,000 in 3QFY17 due to improved vessel utilisation. Quarterly revenue fell 30% to RM119.74 million from RM170.99 million a year ago.