KUALA LUMPUR: Companies with recent headlines include Affin Bank, Hong Leong Industries, MSC, Crescendo, Greatech, CelcomDigi, Marco, Tasco and Malaysian Genomics, said Apex Securities Research.

Affin Bank Bhd’s net profit plunged 88% to RM100.45 million for 3QFY2023 due to the absence of a one-off gain of RM1.06 billion from the divestment of its asset management business same quarter last year.

Hong Leong Industries Bhd’s net profit for the first quarter ended Sept 30, 2023 (1QFY2024) rose 7.07% to RM87.67 million

Malaysia Smelting Corp Bhd swung back to the black in the third quarter ended Sept 30, 2023 (3QFY2023), with a net profit of RM11.82 million compared with a net loss of RM31.32 million a year earlier.

Crescendo Corp Bhd has announced its third land disposal in Pulai, Johor Bahru — this time involving three vacant pieces of land measuring 2.62 million sq ft for RM315.17 million, cash.

Greatech Technology Bhd‘s third quarter net profit rose 13.9% to RM46.66 million, from RM40.97 million a year earlier, with the increase attributed to the higher revenue recognised from the production line system of e-mobility, life science and solar industries.

CelcomDigi Bhd’s net profit rose 32.66% quarter-on-quarter (q-o-q) in the quarter ended Sept 30, 2023 (3QFY2023) to RM455.72 million.

Marco Holdings Bhd is acquiring the remaining 59.61% stake in watches and clock retailer Time Galerie (M) Sdn Bhd for RM37.55 million cash.

Tasco Bhd‘s net profit in the second quarter ended Sept 30, 2023 (2QFY2024) dropped 34.34% to RM15.85 million from RM24.13 million, largely due to the normalisation of freight rates.

Malaysian Genomics Resource Centre Bhd announced losses of RM617,754 from the buy-back and disposal of company shares, as well as trading of shares in listed companies SNS Network Technology Bhd and Reneuco Bhd in the seven months from Sept 2022 till March 2023.