KUALA LUMPUR (Feb 27): Based on corporate announcements and newsflow today, stocks in focus on Tuesday (Feb 28) may include: Sime Darby, Sunway, Destini, Titijaya, Aeon Co, UMW Holdings, MRCB, 7-Eleven, Press Metal, Media Chinese Int'l, Lay Hong and Kerjaya Prospek. Sunway Bhd's net profit for the fourth quarter ended Dec 31, 2016 (4QFY16) dropped 13% to RM185.84 million from RM214.69 million, on lower contributions from local construction projects. Full FY16 net profit, however, fell 19% to RM267.4 million from RM330.4 million in FY15. Kerjaya Prospek Group Bhd has posted a fivefold increase in net profit for the fourth quarter ended Dec 31, 2016 (4QFY16) after consolidating results from two subsidiaries that were acquired in January 2016. For the full FY16, net profit jumped by 519% to RM99.97 million from RM16.14 million in FY15, as revenue climbed to RM805.37 million from RM78.97 million.

Source: The Edge Markets February 27, 2017 17:03 UTC