Call Us
+60 6 – 282 3700
Our Location
6th Floor, No. 61, Jalan Melaka Raya 8,
Taman Melaka Raya, 75000 Melaka, Malaysia.
Call Us
+60 6 – 282 3700
Our Location
6th Floor, No. 61, Jalan Melaka Raya 8,
Taman Melaka Raya, 75000 Melaka, Malaysia.
Jun 2017
United Malacca’s FY17 financial results come in above expectations. The better-than-expected results were mainly due to higher-than-expected commodity prices and lower tax expenses.
Jun 2017
United Malacca Berhad (UMCCA)’s FY17 Core Net Profit* (CNP) at RM75.9m exceeded both consensus and our forecast at 118% and 122%, respectively, thanks to higher CPO and PK prices.
Mar 2017
United Malacca’s 3QFY17 financial results come in above expectations. The better-than-expected results were mainly due to higher-than-expected commodity prices and contribution from Indonesia’s operations.
Dec 2016
United Malacca’s 1HFY17 financial results come in above ours and consensus expectations at 67% and 66% of full-year forecasts respectively. This was mainly due to the higher-than-expected CPO and palm kernel prices.
Nov 2016
Recently we met with the management of United Malacca Berhad, represented by Chairman, Datin Paduka Tan Siok Choo, CEO, Mr Peter Benjamin and CFO, Ms Susan Lai.
Sept 2016
United Malacca’s 1QFY17 financial results came in below ours and consensus’ full-year estimate. Stripping out the unrealized forex loss of RM5.4mn, core net profit declined to RM8.8mn (-39.8% QoQ, -28.5% YoY), respectively accounting for 15% and 13% of ours and consensus’ full-yearestimates. The lower-than-expected profit was mainly due to lower FFB production and higher operating expenses.
