Bursa Malaysia Companies Outstanding Quarter Result 2023-02

8 Mar, 2023
Category: Financial Result
Tags: Financial Result

Companies listed on Bursa Malaysia with outstanding quarter results for the month of Feb 2023.

Companies that deliver excellent results and announce their financial result during Feb 2023 are included in this list.


Company Note Industry
Hextar Industries Berhad Higher profit after tax due to better profit margin achieved from the products’ sales mix. Agrochemicals
MBSB Lower modification loss following the end of moratorium under repayment assistance programme Banks
Southern Cable Higher revenue, better product mix and adjusted selling price in line with raw material prices. The group delivered on purchase orders to Tenaga Nasional Berhad and other customers Building Material
PTT Synergy Bhd Stronger contributions from construction segment Construction
Chin Hin Group Property Bhd Stronger contributions from construction segment and commercial vehicle segment Construction
TRC Synergy Despite lower revenue but recorded a higher gross profit margin, largely attributed to the recognition of final account of a completed project that perform better than anticipated, together with the revision of budgeted cost of certain projects. Construction
Harrisons Holdings Gross margin increased slightly from 12.44% to 13.19%, reversal for allowance for impairment of trade receivables, decreased selling & distribution expenses Consumer Goods
Favelle Favco Bhd Stronger sales and operations not affected by Covid Crane
Insas Bhd Strong performance from associates Diversified conglomerate
Minda Global Higher revenue due to higher active student numbers. Quarter 4 is significant to the group being the major intake for the year. Therefore, it contributes additional ancillary income like registration fees. Education
PIE Industrial Berhad Higher demand from new and existing customer for electronics manufacturing activities (EMS). Obtain new product order and increased orders for EMS. Reversal of provision for slow moving inventories and lower administrative and distribution expenses. EMS
T7 Global Bhd Improved revenue attributed by the recovery in oil & gas activities in the region notably for operation & maintenance activities, integrated well services activities and recruitment & manpower services. Energy
Hup Seng Industries Stronger domestic sales and export market increase from Myanmar, Indonesia, Vietnam and Thailand.  Declining prices of certain raw materials also lead to higher profit Food & Beverage
Nestle Malaysia Higher domestic and export sales, timing of expenses and cost savings initiatives Food & Beverage
Farm Fresh Bhd Positive sales momentum accompanied with launching of new product, further boosted by the School Milk Program. Food & Beverage
Enest Group Additional revenue contribution from pharmacy business and increase in revenue generated from edible bird nest business segment Food & Beverage
MAG Holdings Increased sales from the prawn aquaculture business Food & Beverage
RGB International Increaes in number of products sold Gaming
Magnum Bhd Higher sales due to higher number of draws Gaming
KPJ Patients visit increase from 780k to 820k in the quarter. Higher bed occupancy rate at 64% from 46% Healthcare
Lee Swee Kiat Group Bhd Strong domestic sales, satisfactory operating activities for mattres division for domestic market but latex division for export market remain weak with capacity utilization of about 50%. The average latex price was trending lower in Q4 2022. Household Goods
SKB Shutters Increase in sale of shutters and racking products Industrial Products
Taliworks Corporation Berhad Higher metered sales for water treatment and supply segment, higher electricity and chemical rebates, higher electricity rebates arose from higher electricity cost due to TNB's ICPT surchage, toll division recorded higher revenue due to growth in Average Daily Traffic Infrastructure
CI Holdings Increase demand from Middle East and African regions. Lower RBD Palm Olein prices moderated the increased in total revenue. Better margin and lower container freight rate increase operating profit Palm Oil
Sime Darby Plantation Record performance by downstream operations, Sime Darby Oil due to higher margin generated by Asia Pacific bulk which mitigated lower margins recorded in European refineries. Higher and better production in Indonesia, Papua New Guinea and Solomon Islands operations although higher estatecost due to increase in fertiliser and fuel price. One of profit of RM 291 million gain from the disposal of land in Malaysia and the earned-out settlement for the disposal of a former subsidiary in Liberia. Palm Oil
IOI Corp Lower contribution from plantation segment, but mitigated by higher margin from oleochemical and refining sub-segment Palm Oil
Apex Healthcare Berhad 1) Market demand for pharmaceuticals, consumer healthcare products and medical devices, particularly for respiratory illnesses, continued to remain strong.
2) Penang based associate Straits Apex Group Sdn Bhd deliver better profit uninterrupted production allowed it to clear order backlogs and fulfil new orders from customers.
3) Xepa-Soul Pattinson (M) Sdn Bhd commenced a RM 5.4 million project to add two buildings at its campus in Cheng, Melaka, to house expanded Quality Control laboratories as well as staff service areas to support revenue growth. L’oreal Malaysia Sdn Bhd appointed Apex Pharmacy Marketing Sdn Bhd to sell and distribute its La Roche Posay brand of dermo-cosmetic products exclusively to private sector.
Pharmaceutical
KLCC Properties Holdings Berhad Property - Attributed to the lower rental assistance, higher revenue rents and advertising income.
Hotel - High occupancy recorded (Q42022) coupled with improved F&B performance during the quarter has translated to higher revenue
Property
Guocoland Lower administrative cost and higher profit recognition from associates involved in Rawang project Property
Eastern & Oriental Berhad Strong constribution from property (The Meg) and hospitality segment (Hotel in Penang) Property
Maxim Global Berhad Strong contribution from property segment, recognition of revenue and profit from the delivery of vacant possession of project located at Alam Damai, Cheras and Labuan FT. Property
YTL Corp Strong performance from hotel segment Property
Titijaya Corp Bhd Lower Cost of Goods sold Property
Plenitude Bhd Higher sales from completed units from Project at Taman Putra Prima, Selangor and Sungai Petani, Kedah. Higher revenue from hotel business coupled with the addition of Ascott Gurney Penang and Travelodge Osaka. Property
Ayer Holdings Bhd Higher revenue recognition from on going development project, namely Bromelia Property
FCW Holdings Increased progress billing on higher percentage of completion from ongoing phase 2 of Riana Dutamas Project Property
HCK Capital Group Higher sales and increase in progress development from property projects Property
Sime Darby Property Strong property sales, higher occupancy for investment properties, strong recovery for leisure division (Event, function, F&B) Property
Pavillion Real Estate Investment Trust Higher rental billings, increase in revenue rent and income from advertising after all economic sectors and businesses resume their businesses post pandemic. Reit
Atrium Real Estate Investment Trust Higher gross revenue, lower property expenses and higher interest income.
Higher funds and deposits rates offered during the quarter.
Reit
IGB Real Estate Investment Trust The higher total revenue, net property income and profit after taxation were mainly due to the lower rental support provided to tenants in the current period-to-date arising from the economic reopening and improving retail sales of tenants. Reit
Atlan Holdings Berhad Duty Free Segment -  The increase in revenue was mainly because all of the
retail outlets were in full operations in the current quarter under review.
Automotive - Higher orders received from certain customers
Retail
Padini Holdings Continuous recovery from pandemic Retail
Amway Malaysia Driven by new launch such as XS Ignite and Artistry Vitamin C+HA3 serum as well as stronger sales from personal care product due to pre-price increase buy up Retail
KKB Engineering Higher gross profit recognition from the Steel Fabrication division with improved margin Steel
Redtone Digital Bhd Higher revenue registered by the Managed telecommunication network services (MTNS) segment Telco



Here are the criteria for entering the list.
1) QoQ profit growth > 20%,
2) YoY profit growth> 20%
3) Profit Before Tax > RM 2 mil

Companies that delivered excellent results due to one-off events such as the events below are excluded from the list.

1) One-off disposal gain or revaluation gain
2) Fair value gain in quoted securities
3) One-off gain on bargain purchase
4) Fair value adjustment on investment property
5) Gain from disposal of subsidiary
6) Reversal of provision of doubtful debt
7) Impairment loss in the preceding quarter
8) Leap companies are also excluded from the list due to a lack of liquidity
9) Companies that are loss-making in the preceding quarter are excluded


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