Macquarie Warrants Malaysia wrote a post · Aug 22, 2024 13:27

📈Movers on the back of earnings reports

📡YTLP Power International

• Shares of YTL Power International (YTLPOWR) rose 6.9% this morning, snapping a five-day losing streak on the back of better-than-expected earnings. (The Edge, 22 Aug)

• The company concluded FY24 on a strong note, achieving a net profit of RM3.46B, a 70.8% increase from RM2.03b in the previous year. The growth was driven by improved performance in the power generation segment, which benefited from higher margins, reduced interest expense and the strengthening of the Singapore dollar against the ringgit.

• Investors who view the recent weakness in YTLPOWR's share price as an opportunity to gain exposure to this underlying may consider Macquarie Warrants Malaysia's call warrant YTLPOWR-C60, which have gained 30%, in line with the rise in the share price.

🏗YTL Corporation

• YTL Corporation’s (YTL) net profit jumped 86% to RM3.96B for FY24 due to strong financial performance across all business segments particularly in the utilities and cement divisions. Improved results were also seen in the construction, property development, property investment, hotels and management services segments. (New Straits Times, 22 Aug)

• Shares of YTL rose 2.6% this morning while our focus call warrant YTL-C89 jumped 13.3%, moving in tandem with the underlying.

🏢Sime Darby Property

• Sime Darby Property's (SIMEPROP) net profit more than doubled in the second quarter, driven by land sales and increased sales of industrial and high-rise properties. (The Star, 22 Aug)

• They reported a net profit of RM161.96M, up from RM71.07m from a year ago while their revenue jumped to RM1.2B, compared to RM688.92M a year ago.

•SIMEPROP’s share price rose 1.5% this morning to trade at RM1.45. Investors with a view that prices may continue to move higher and wish to gain leveraged exposure to SIMEPROP at a fraction of its share price may consider Macquarie’s focus call warrant SIMEPROP-C28.

📱Xiaomi

• Xiaomi shares are trading at their highest level since May 2024, above the HKD18 level after its 8.1% spike to HKD18.94 as of 10:45AM this morning. The bullish move has come on the back of better than expected second quarter earnings - where revenue experienced its fastest pace of growth in 3 years, owing to surprisingly strong gross electric vehicle margins.

• The earnings beat has since triggered analysts to lift future earnings estimates for the company.Macquarie's focus call warrants Xiaomi call warrant XIAOMI-C31 jumped 55.6% alongside the gains in its underlying.

📌Check out their respective live matrix here.

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Macquarie Warrants Malaysia

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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