Earnings highlight: IJM Corporation, IOI Properties, Sunway, Supermax
– Shares of IJM Corporation (IJM) fell on Thursday to their lowest level in nearly 3 months after the company reported weaker-than-expected quarterly results. Despite posting a higher revenue, its net profit for 1Q 2025 fell 14% year-on-year to RM89.6m, dragged by unrealized foreign-exchange losses.
– IOI Properties (IOIPG) reported a significant increase in net profit to RM2.06b in FY2024, up from RM1.39b previously due to a fair value gain of RM1.9b on investment properties in Q4.
– Sunway reported a net profit of RM270.47m for 2Q 2024, marking an 80.4% increase from RM149.43m in the same period last year on the back of stronger operating performance across all business segment, gain from redemption of investment and newly acquired investment properties.
– Supermax Corporation’s (SUPERMX) net loss increased to RM175.03m for FY2024, compared to RM140.86m in the previous year while its revenue also declined significantly to RM646.17m from RM821.09m in FY2023.
Investors who are keen to trade the volatility in each of these companies’ share price movement post-earnings may wish to consider the Macquarie Warrants Malaysia focus warrants listed in the above image.
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Macquarie, a leading warrant issuer in Asia, provides state-of-the-art market making, education on warrants, and an array of tools for warrant traders. Macquarie Warrants Malaysia issues and market makes structured warrants listed on Bursa Malaysia. The content on this channel has not been reviewed by the Securities Commission Malaysia | Contact: 03-20598840 | Disclaimer : bit.ly/MQdisclaimer
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