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Malacca Securities forecasts a 13% CAGR in earnings over the next three years, driven by BMS’s retail segment serving mass-market consumers. Strong consumer spending and a wide product range are expected to sustain demand. Gross profit margins are projected to normalize between 33.3% and 33.6%, aided by improved cost visibility and higher sales throughput.
XPB PBT for the current quarter was RM3.18 million, down RM0.99 million from the previous quarter. The decline was mainly due to higher IPO listing expenses, which rose to RM1.32 million from RM59,000. After excluding these one-off expenses, the adjusted PBT increased to RM4.50 million, reflecting a modest growth of RM0.27 million and stable underlying performance.
MINOX appears to be entering a constructive accumulation phase, with price action showing steady support near RM0.20 and resistance capped around RM0.250. The stock has been consolidating within this range for several months, suggesting that selling pressure has subsided while smart money accumulation may be taking place.
SkyWorld Development Bhd has signed a pact to buy land in Ho Chi Minh City, Vietnam, for about RM136 million. The 2.33-acre site is earmarked for a high-rise residential tower integrated with commercial and service facilities, the GDV was not disclosed, though the company said the project comprises over 1,200 apartment units in a 40-storey tower.