Trading ideas: MAHB, Affin Bank, Capital A, MRBC, Sarawak Oil Palms, CIMB, TIME dotcom, AAX, DRB-Hicom, SP Setia, IHH, Tropicana and Genting

TheStar Fri, Mar 01, 2024 08:07am - 2 months View Original


KUALA LUMPUR: Companies in the news include MAHB, Affin Bank, Capital A, MRBC, Sarawak Oil Palms, CIMB, TIME dotcom, AAX, DRB-Hicom, SP Setia, IHH, Tropicana and Genting, said Apex Securities Research.

Malaysia Airports Holdings Bhd's (MAHB) net profit for the financial year ended Dec 31, 2023 (FY2023) surged 188% to RM543.17 million.

Affin Bank Bhd said its net profit more than doubled to RM39.54 million in the fourth quarter from a year earlier thanks to a sharp decline in provisions and lower taxes.

Capital A Bhd sank into the red for the final quarter of 2023 with a net loss of RM159.57 million, dragged by higher operating expenses, asset depreciation and higher financing costs.

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