KUALA LUMPUR: Stocks which could see trading interest on Friday, April 29 following the fresh corporate developments are SEG International Bhd, Concrete Engineering Products Bhd (CEPCO), EON Capital Bhd and Priceworth International Bhd.
SEGi net profit for the first quarter ended March 31, 2011 surged 90.5% to RM18.12 million from RM9.51 million a year ago due to the increase in student enrolments at its institutions.
Revenue for the quarter rose to RM68.47 million from RM52.29 million in 2010. Earnings per share were 7.35 sen, while net asset per share was 77.2 sen.
It recorded marked improvement in student numbers and profitability in the previous year and the current quarter.
“This trend is expected to continue in 2011 and the foreseeable future as the group has put in place a firm foundation and strategy for sustainable growth,” it said.
CEPCO swung into the red with net losses of RM5.95 million in the second quarter ended Feb 28, 2011.
Revenue slipped 16% to RM24.69 million from RM29.38 million while its loss per share was 13.31 sen compared with earnings per share of 4.37 sen.
For the first half, it reported net loss of RM205,000 compared with net profit of RM7.74 million in the previous corresponding period. Revenue shrank to RM45.26 million from RM66.95 million.
The High Court has dismissed with costs the suit filed by Primus (M) Sdn Bhd against certain shareholders and directors of EON Capital Bhd EONCap) over the proposed sale of the latter to Hong Leong Bank Bhd.
The decision was made by Judge Varghese George Varughese on Thursday, April 28.
Priceworth International Bhd's 86.85 million warrants at an issue price of 5.0 sen per warrant will be listed and quoted on Friday, April 29.
A Bursa Malaysia circular said on Thursday the warrants were issued on the basis of one warrant for every two shares of 50 sen each.
Malaysia Airports Holdings Bhd (MAHB) is revising its passenger traffic volume target to 72 million for 2014, from 60 million earlier under its five-year plan.
Managing director Tan Sri Bashir Ahmad Abdul Majid said passenger growth at KLIA has been very promising and it should be able to hit its initial 60 million passengers target by 2011.
“The growth so far as been good as indicated by the traffic in the first three months of the year. We are definitely on track,” he said.
Under the five-year plan, MAHB is also targeting to achieve an earnings before interest, tax, depreciation and amortisation and returns on equity of RM1 billion and 10% respectively under its five-year plan that expires in 2014.