Trading ideas: MRCB, Sapura Energy, UEM Sunrise, KNM, Citaglobal, MR D.I.Y, RHB Bank, Mah Sing, IJM, IHH, Genting

KUALA LUMPUR: Stocks to watch today include Malaysian Resources Corp Bhd (MRCB), Sapura Energy Bhd, UEM Sunrise Bhd, Citaglobal Bhd and KNM Group Bhd.

MR D.I.Y. Group Bhd, RHB Bank, IJM Corp Bhd, IHH Healthcare Bhd, Alliance Bank Malaysia Bhd, Mah Sing Group Bhd, Berjaya Corp Bhd (BCorp), and Genting Bhd are also expected to see trading interest following the release of their latest financial results.

MRCB, via unit Setia Utama LRT 3 Sdn Bhd (SULRT3), has secured a RM2.47bil contract for the LRT3 project.

Sapura Energy, which is saddled with RM10.73bil of debt, has secured approval from its creditors for its proposed debt restructuring plan.

The approval was secured after 52 court-convened meetings, and the plan is now awaiting High Court sanction.

UEM Sunrise has signed a memorandum of understanding (MoU) with Singapore-based GuocoLand Ltd to jointly develop selected freehold landbank in Iskandar Puteri, Johor.

RHB Bank reported a net profit of RM3.12bil in FY24, up from RM2.81bil in FY23. Revenue rose to RM17.91bil from RM16.58bil in the previous year, while earnings per share climbed to 72.02 sen from 65.69 sen.

Citaglobal’s wholly-owned subsidiary Citaglobal Land Sdn Bhd has accepted two letters of awards from Jeffa Energy (S) Sdn Bhd and Soonlilee Construction Sdn Bhd respectively, for works amounting to RM29.85mil and RM6.28mil each.

MR D.I.Y has raised its dividend payout ratio for the fourth quarter ended Dec 31, 2024 (4Q24) to 115.7%, up 80.3% year-on-year (YoY).

The dividend payout of RM170.3mil is equivalent to a payout ratio of 115.7% of profit after tax (PAT).

In 4Q24, MR D.I.Y’s net profit stood at RM147.2mil, or earnings per share of 1.56 sen, compared with RM158.6mil, or 1.68 sen, in the year-ago quarter.

Revenue for the quarter grew 2.6% year-on-year to RM1.2bil, driven by a 13.8% increase in store count, which rose from 1,261 as of Dec 31, 2023, to 1,435 as of Dec 31, 2024.

IJM Corp saw net profit climb 12.9% year-on-year (y-o-y) to RM113.3mil in the third quarter ended December (3Q25), on the back of a 4.4% growth in revenue to RM1.54bil.

Cumulatively, over the nine months up to December (9M25), however, net earnings slid 6.9% y-o-y to RM274.4mil, despite a 7.2% increase in revenue to RM4.46bil.

IHH's net profit for the fourth quarter ended Dec 31, 2024, increased to RM732mil, up from RM728mil in the same period last year, while revenue grew to RM6.69bil, compared to RM5.29bil a year earlier.

For the financial year ended Dec 31, 2024, IHH’s net profit declined to RM2.66bil from RM2.95bil a year earlier, while revenue improved to RM24.38bil from RM20.94bil previously.

Alliance Bank recorded a net profit of RM186.67mil in the third quarter ended Dec 31, 2024, up from RM176.86mil in the year-ago quarter.

Earnings per share rose to 12.06 sen from 11.42 sen previously, while revenue climbed to RM561.28mil from RM509.92mil.

Mah Sing reported a net profit of RM60.44mil for the fourth quarter of 2024, a decrease from RM64.74mil in the same quarter last year, while revenue increased to RM744.42mil, up from RM671.28mil in the previous corresponding period.

KNM, through wholly-owned subsidiary KNM Process Systems Sdn Bhd (KNMPS), has entered into a conditional sale, purchase and transfer agreement with Japan-based NGK Insulators Ltd for the proposed disposal of its entire equity interest in Deutsche KNM GmbH (DKNM) for 270 million euros (about RM1.24bil).