MONEY MASTER

Sunway shares edged higher following a strong first-quarter performance, though analysts remain cautious due to  rising cost pressures and limited near-term catalysts . Share Price Gains After Strong Headline Earnings Sunway’s stock rose  1.9% to RM5.34  in early trading, supported by: RM9.4 billion net profit  in 1QFY2026 8% revenue growth  to RM2.56 billion The earnings surge was largely driven by a  RM9.1 billion fair value gain  from the listing of  Sunway Healthcare . Core Growth Driven by Property and Construction Underlying fundamentals remain supported by: Strong  property sales momentum A sizeable  construction order book of RM8.2 billion Data centre projects accounting for ~64%  of outstanding jobs New contract wins of  RM3.6 billion in 1Q  already represent  60% of full-year targets , highlighting solid earnings visibility. Analysts Stay Cautious Despite Positive Outlook Consensus sentiment remains neutral:...

Shares of  IJM Corporation Bhd  surged to a  four-month high  after  Sunway Bhd  unveiled a  cash-and-share acquisition proposal worth over RM11 billion , sparking optimism over valuation certainty and long-term strategic upside. What Happened IJM rose 6.9% (19 sen) to RM2.94 , its highest level since August The move values IJM at  RM10.7 billion Sunway shares slipped 2.1%  to RM5.48 following the announcement Under the proposed deal,  every 1,000 IJM shares  will be exchanged for: RM315 in cash 501 new Sunway shares  (valued at RM2,835) The offer values IJM at  RM3.15 per share , made up of  90% Sunway shares and 10% cash . Analysts: “Fair Offer, Acceptable Valuation” Research houses broadly view the voluntary takeover offer (VTO) as  fair and reasonable , recommending shareholders  accept the offer . Key analyst views: Valuation aligned with IJM’s historical forward P/E and near NAV Provides  price ce...

  Earnings Miss Sends Shares to Two-Month Low Cahya Mata Sarawak Bhd (KL:CMSB) saw its stock plunge as much as  7% to RM1.10 , its lowest since June 24, after releasing a weaker-than-expected second-quarter result. As of 9.30am, the counter was trading at  RM1.13 , giving the company a  market cap of RM1.2 billion , with  4.5 million shares traded . Despite rebounding from April’s lows, the stock has now dipped below its  year-to-date starting level . 1H Profit Falls Short — But Not a Full-Year Write-Off Yet The group’s  net profit for 1H25 only made up one-third  of consensus full-year estimates, missing analyst expectations. However, some see potential for a rebound in the second half, particularly if: Construction activity picks up  with the drier weather Phosphate plant commissioning proceeds as planned “We expect more robust construction activities and the commissioning of its phosphate plant to positively impact earnings in 2H,” — ...

Malaysia's corporate landscape delivered a broad mix of strategic initiatives on Tuesday, ranging from renewable energy partnerships and infrastructure expansion to capital restructuring and asset realignment . The announcements reflect rising corporate interest in sustainability-linked growth, energy transition, and real asset monetization. Below is a roundup of key developments with analyst insights on their potential market implications. Renewables & Green Infrastructure Gamuda Bhd (GAMUDA MK) Co-developing 600MW RE Portfolio in Australia Gamuda entered into a JV with the Downie family to co-develop 600MW of wind and solar capacity with up to 600MW of battery storage in Tasmania. Analyst Take:  Signals deeper penetration into international renewables. Long-term EPS contribution likely minimal initially, but supports Gamuda’s ESG repositioning narrative. Samaiden Group Bhd (SAMAIDEN MK) Acquires Land for Utility-Scale Solar in Teluk Intan RM45.5M acquisition of 185.6 hectares...

Financial Highlights 4QFY2024 net profit surged 26% YoY to RM335.47 million , driven by  strong contributions from construction, property development, and trading & manufacturing divisions . Quarterly revenue jumped 53% YoY to RM2.85 billion , up from RM1.87 billion in 4QFY2023. Earnings per share (EPS) rose to 5.03 sen, from 4.39 sen previously . Declared a second interim dividend of four sen per share , bringing the total FY2024 dividend to  six sen per share . Record-Breaking Full-Year Performance FY2024 net profit grew 56% YoY to RM1.15 billion , the  highest in three years . Annual revenue hit an all-time high of RM7.88 billion , marking a  28% increase from RM6.14 billion in FY2023 . Segment Performance (4QFY2024) 1. Property Development Revenue soared 63.4% YoY to RM809.6 million , driven by  higher sales and progress billings from local projects . Profit before tax (PBT) more than doubled to RM162.5 million  from RM69 million a year earlier. 2. ...

Financial Performance & Challenges WCE Holdings Bhd (WCEHB) reported a net loss of RM88.56 million in 3QFY2025 , compared to  RM22.39 million in the same period last year . Losses were  driven by high interest costs (RM56.17 million) and tax expenses (RM61.91 million) , despite strong toll collections. EBITDA surged 94% YoY to RM23.9 million , signaling operational profitability. Toll Collection & Revenue Toll revenue more than doubled to RM32.58 million , attributed to higher  average daily traffic . Overall revenue declined by 52.6% YoY to RM84.24 million  due to lower billings from its construction arm after the completion of three more expressway sections. Expressway Development & Future Outlook 7 out of 11 sections of the West Coast Expressway (WCE) are operational , covering  170km across Selangor and Perak . The 8th section, linking SKVE and Shah Alam Expressway, opened on Jan 22, 2025 . Final 3 sections are under construction , with full comp...

  Market Performance IJM Corp (3336.MY) , focused on  construction, infrastructure , and  real estate , saw its stock surge  100% to RM3.76  this year before retracing to a  64% gain , trading around its  20-day moving average . Consensus target price:  RM3.68 , offering a potential  20.3% upside , with  7 Buy  and  2 Neutral  ratings from analysts. Key Business Updates Strategic Acquisitions : Acquiring  50% stake in UK-based JRL  for  RM283 million , boosting its order book by  £1.5 billion , ensuring earnings predictability for three years. Major Projects : Potential beneficiary of the proposed  RM6 billion underground flood tunnel system  in Malaysia. Successfully secured  RM1.9 billion in contracts  in FY2025, including: A  data center in Johor . An  industrial facility in Penang . Total order book:  RM7.9 billion , including uncompleted orders worth  RM6 bil...