MONEY MASTER

RHB Bank Bhd  reported a solid 4QFY2025, with net profit rising 8.5% year-on-year to RM905.7 million. The bank declared a  35 sen dividend  for the quarter, bringing total FY2025 dividends to  50 sen per share , up from 43 sen previously. Full-year net profit rose 7.8% to RM3.36 billion. Quarterly Highlights 4QFY2025: Net profit: RM905.7 million (+8.5%) Driven by lower provisions and stronger non-interest income Dividend: 35 sen FY2025: Net profit: RM3.36 billion (+7.8%) Net interest income: RM6.0 billion (+3.9%) Net interest margin: 1.88% Gross impaired loans ratio: improved to 1.41% CET1 ratio: 15.2% (post-dividend) Money Master Take This is not a breakout quarter. It is a balance-sheet-quality quarter. 1. Provisions Did the Heavy Lifting Profit growth was supported largely by: Lower bad debt provisions Better asset quality trends Gross impaired loans improved to 1.41%, suggesting credit costs are contained. When earnings expansion comes from lower provisions rathe...

Quick Summary 4QFY2025 net profit plunged 64% YoY to RM30.3m Revenue fell  15.5%  on lower CPO and palm kernel prices RM27.2m biological asset fair value loss hit earnings FY2025 profit down  39% , dividend trimmed sharply Earnings Hit by Price Weakness & Fair Value Loss Shares of  Hap Seng Plantations Holdings Bhd  remained flat despite a sharp earnings drop, as the group reported a weak fourth quarter driven by softer palm oil prices and valuation losses. 4QFY2025 Highlights Net profit:  RM30.34m ( -64.3% YoY ) EPS:  3.79 sen (vs 10.63 sen last year) Revenue:  RM197.3m ( -15.5% YoY ) The decline was mainly due to: Lower  average selling prices (ASP)  for crude palm oil (CPO) Lower sales volumes A  RM27.2m loss on biological asset fair value adjustments , reversing last year’s RM24.4m gain CPO Prices Under Pressure CPO ASP:  RM4,353/tonne ( -9.1% YoY ) Palm kernel ASP:  RM3,483/tonne ( -1.6% YoY ) Margins narrowed as ...

Quick Summary Net profit fell 33% to S$390.3m Revenue slipped  3.1% to S$2.45b Gaming revenue down  6%  due to lower win rate Shares tumbled nearly  9% , worst drop since Feb 2024 Stock Reaction Shares of  Genting Singapore  plunged as much as  8.9% to 72 Singapore cents , marking the biggest one-day percentage decline in nearly a year. The sell-off followed weaker-than-expected FY2025 results, disappointing investors who were looking for a stronger recovery in gaming operations. FY2025 Financial Highlights Net profit:  S$390.3 million ( -33% YoY ) Revenue:  S$2.45 billion ( -3.1% YoY ) Gaming revenue:  S$1.6 billion ( -6% YoY ) The company attributed part of the weakness to  asset enhancement works at  Resorts World Sentosa , which temporarily disrupted operations. A lower casino  win rate  also weighed on performance. Why Investors Were Concerned Analysts noted: Gaming performance fell short of expectations Renovati...

Quick Summary Gas Malaysia fell 5.3% to RM4.50 , hitting a one-month low FY2025 net profit came in  below estimates Maybank IB trims FY2026–2027 forecasts Dividend yield around  5% offers downside support Earnings Miss Weighs on Sentiment Shares of  Gas Malaysia Bhd  dropped 25 sen to RM4.50 after its quarterly results fell short of expectations. For 4QFY2025: Net profit:  RM87 million FY2025 net profit:  RM382 million 8% below Maybank IB estimates 6% below consensus forecasts Maybank Investment Bank attributed the miss to: Lower-than-expected spreads Possible retrospective gas cost adjustments Key issue: Margin compression in the latest quarter. Outlook: Lower Gas Prices Ahead Maybank IB highlighted that: Domestic gas prices are trending lower in FY2026 This could  reduce retail profit margins However: Higher distribution profits may partially offset the weakness Regulatory Period 3 (2026–2028) includes a  tariff increase , though impact remains ...

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. ...

  Gapping Up: FedEx (FDX.US):  Stock surged  8.6%  after the company exceeded fiscal Q2 earnings expectations and announced plans to spin off its freight business. Eli Lilly and Co (LLY.US):  Shares climbed  5.5% , buoyed by increasing confidence in its  obesity treatments competing in a high-demand market. Gapping Down: Nike (NKE.US):  Shares dropped  7.4%  despite strong Q2 results, as the company highlighted  guidance concerns linked to "severe issues." Novo-Nordisk A/S (NVO.US):  Fell  18%  after its next-gen obesity drug  CagriSema  delivered  weight loss results below expectations in a late-stage trial. Tesla (TSLA.US):  Declined  5% , impacted by a  40.9% drop  in European Union registrations in November compared to last year. Trump Media & Technology (DJT.US):  Slipped  5.5%  after an SEC filing revealed Donald Trump transferred his stake in the company int...

 Nike's new CEO,  Elliott Hill , has laid out a bold plan to reposition the iconic brand after reporting  second-quarter earnings  that beat analyst estimates but revealed  declining revenues and profits . Key Financial Highlights Revenue : $12.35 billion (beat analyst estimate of $12.13 billion). Earnings Per Share : $0.78 (beat estimate of $0.65). Revenue Breakdown : Nike Direct : $5 billion, down  13% YoY . Nike Brand : $12 billion, down  7% YoY . CEO's Observations and Strategic Shift 1. Excess Inventory and Promotions Hill criticized past strategies, blaming  over-reliance on promotions  for hurting margins. Plan to use  Nike Value Stores  to clear excess inventory and limit promotions to  traditional retail moments . "We’ll build back an integrated marketplace across  Nike Direct  and  Wholesale ," Hill said. 2. Reinvesting in Brand and Sport Acknowledged that Nike shifted away from its  core focus on ...

As we usher in the New Year after the benchmark FBM KLCI closing in the positive zone in 2017  — the first time in three years, many investors would ponder whether the strong momentum could continue into 2018. The following is the list of factors that could possibly swing the market moving forward: Malaysia’s GE14 The much anticipated 14th general election (GE14) did not materialise in 2017, will definitely take place in 2018 before Aug 24 this year as the mandate of the ruling Barisan National (BN) coalition will end in June 2018. Analysts have in general expects the GE14 to be the main driver of investors’ sentiment in early 2018 before a return to fundamentals post GE14. So far, most research analysts view that the poll is likely to be in between February and April. The pre-election rally is expected to lift sentiments and improve the “feel-good” factor, which is important for incumbent governments. The election-play counters, companies that are perceive...

Why it makes sense to invest in RGB International? RGB International deserves to be in the watch list for our investment after it has shown a strong turnaround story in 2008. In 2008, the government in Cambodia has ordered all slot machines at entertainment clubs to be removed, resulting in the reduced in profit margins. The regulatory requirement at that time require slot clubs to be located in approved hotels. Under the current management, revenue has grown by more than two times in its financial results 2016 to RM253.5 million from RM118.2 million in 2011. The net profit for the Group has also recovered from its losses in 2011. Compared to 2012 when it first turned black, the net profit has grown by more than 300% to RM25.3 million from RM6.0 million. TSM segment – the recurring income segment is key I think what is important is how RGB has managed to tap into recurring income through its Technical Support and Management (TSM) segment, tha...

Hup Seng's net profit jumped 22% Hup Seng Industries Bhd was in our "Stock Pick" early this year. We have been monitoring the company for its strong historical earnings and financial track record. While the share price had come down slightly from the day we wrote the post, we believe the stock is a good pick for a long term investment given the management's track record and a rather decent dividend yield. Anyway, today, Hup Seng released its 4th quarter earnings and the net profit of the company jumped 22% to RM15.39 million or 1.92 sen a share for the fourth quarter ended Dec 31, 2015 (4QFY15) from RM12.6 million or 1.57 sen a share a year ago, mainly due to improved sales margin brought about by lower input costs, weaker ringgit and improved efficiency in production. Its revenue for 4QFY15 also increased by 8.72% to RM80.07 million versus RM73.65 million in the previous year, as benign growth in demand for biscuits in local and export market...