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KUALA LUMPUR (Jan 27): Based on corporate announcements and news flow today, stocks that may be in focus tomorrow (Jan 29) include: Fraser & Neave Holdings Bhd, Fintec Global Bhd, Pasukhas Group Bhd, Power Root Bhd, Tasco Bhd, See Hup Consolidated Bhd, Pavilion REIT, Chin Hin Group Property, Lotte Chemical Titan Holdings Bhd, KLCC Stapled Group Bhd, Digi.Com Bhd, Pimpinan Ehsan Bhd, Guocoland (Malaysia) Bhd, KPower Bhd and TA Enterprise Bhd,
Fraser & Neave Holdings Bhd s (F&N) revenue continued to recover in the first financial quarter ended Dec 31, 2020. It grew 13.6% quarter-on-quarter to RM1.08 billion from RM953.7 million, amidst a gradual recovery in local and export markets. The higher revenue lifted F&N s quarterly net profit, which doubled to RM136.8 million from the RM68.03 million achieved in the preceding quarter.
TAN Sri Jamaludin Ibrahim a known workaholic who is retiring as Axiata Group Bhd’s president and group CEO just two months shy of 13 years at the regional telecommunications operator that he helped name and shape jokes about having more time to watch television series as the time to pass the baton to Datuk Mohd Izzaddin Idris, draws nearer.
Incidentally, Jamaludin who spent 10 years as CEO at billionaire Ananda Krishnan’s telecoms operator Maxis Communications Bhd before joining Axiata in 2008 is retiring on the same day as another respected industry veteran, Singapore Telecommunications Ltd group CEO Chua Sock Koong, who has a background in accountancy but spent 31 years at SingTel and 13 in her current position.