KUALA LUMPUR (Nov 18): Based on corporate announcements and news flow today, stocks in focus on Monday (Nov 21) may include Pintaras Jaya Bhd, IOI Corp Bhd, Prestariang Bhd, Ibraco Bhd, Guan Chong Bhd and BP Plastics Holding Bhd. The higher PBT was due mainly to higher contribution from all segments and lower net foreign currency translation loss on foreign currency denominated borrowings. The higher profit reported is due mainly to higher CPO (crude palm oil) and PK (palm kernel) prices realised despite lower FFB (fresh fruit bunch) production," IOI Corp said. In 3QFY16, the group incurred RM70.81 million in sales costs, 20.2% higher than the RM58.9 million in 3QFY15. BP Plastics also declared a single-tier third interim dividend of two sen per share, which will be payable on Dec 22, 2016.

Source: The Edge Markets November 18, 2016 16:36 UTC