📊Movers on the back of earnings
🏗Sunway Construction Group (SUNCON) reported an 18% increase in net profit to RM38.9m in the 2nd quarter of FY24, up from RM33m in the same period last year. Its revenue stood at RM651m, reflecting a 7.8% increase from RM604m last year, driven by improved performance in the construction segment. (New Straits Times, 23rd Aug)
☀UEM Sunrise (UEMS) reported a 23.7% decrease in net profit for the 2nd quarter, attributed to increased operating expenses and a reduced share of net results from joint ventures and associates. Its revenue dropped by 43.6% from RM363.96m to RM205.22m, as sales of various non-strategic land had previously boosted the group’s revenue. (The Edge, 22nd Aug)
Investors keen to gain leveraged exposure to SUNCON and UEMS may consider Macquarie Warrants Malaysia’s focus warrants in the above image.
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The official account of Macquarie Warrants Malaysia
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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