KUALA LUMPUR (Feb 13): Based on corporate announcements and news flow today, companies in focus on Tuesday (Feb 14) may include: AirAsia X Bhd (AAX), MBM Resources Bhd, Tadmax Resources Bhd, Lafarge Malaysia Bhd, Genting Plantations Bhd, Cycle and Carriage Bintang Bhd, Jaks Resources Bhd, OldTown Bhd, Econpile Holdings Bhd, Petron Malaysia Refining and Marketing Bhd and Telekom Malaysia Bhd. In FY16, net profit fell 26% to RM62.03 million, from RM84 million in FY15, while revenue declined 7% to RM1.68 billion, from RM1.82 billion. Tadmax Resources Bhd saw a total of 15 million of its shares — representing a 3.06% equity stake — traded off market today. Lafarge Malaysia Bhd’s net profit shrank 24% in 4QFY16 to RM33.94 million, from RM44.68 million a year ago, on lower cement sales. Cycle and Carriage Bintang Bhd’s 4QFY16 net profit fell 84% year-on-year, due mainly to decreased earnings from its Mercedes trading operations, which faced severe margin pressure.

Source: The Edge Markets February 22, 2017 15:45 UTC