Top Glove Corp Bhd AGM
Points to ponder  
Revenue rose 11% to RM1.53 billion for FY2009 compared to RM1.38 billion in the previous financial year mainly due to the increase of its customer base globally as well as higher sales volume. Net profit grew by 54% y-o-y to RM169.1 million from RM110.10 million the previous year. The company estimates growth in demand to rise by 8% to 10% per annum, driven by stringent regulatory standards, ageing population and emergence of health threats for instance A (H1N1) influenza, SARS and bird flu, among others.

Key figures 
Chairman Tan Sri Lim Wee-Chai and managing director Lee Kim Meow

Auditor 
Ernst & Young was the company’s auditor in 2009 and is seeking reappointment. Audit fees amounted to RM328,000 in FY2009 compared to RM318,000 a year earlier.

Remuneration 
Directors’ remuneration amounted to RM5.6 million in FY2009 compared to RM3.8 million the year before.

Questions for the board 
Last year was a very good year for the glove manufacturer as demand surged. What is the outlook for the industry this year? What are the group’s future expansions plans?

When and where 
11.30am, Tuesday Jan 12 at Bayan & Casuarina Function Rooms, Ground Floor, Sime Darby Convention Centre, 1A, Jalan Bukit Kiara 1, Kuala Lumpur.

MTD Capital Bhd EGM
Points to ponder  
For FY2009, MTD Capital reported 5.5% growth in revenue to RM1.16 billion from RM1.10 billion a year earlier, with higher contribution from its property and manufacturing divisions, which posted RM89.16 million and RM272.39 million in revenue rsepectively. The company however, reported a net loss of RM20 million, which is a drop of 123% from the RM86.4 million achieved the year earlier, partly due to losses from overseas operations amidst the severe global economic downturn. Its expressway division, which is among MTD Capital’s main earnings driver, contributed RM291.54 million in revenue.

Key figures 
Group executive chairman Datuk Dr Nik Hussain Abdul Rahman and president and CEO Datuk Azmil Khalili Khalid.

Auditor 
Ernst & Young was the auditor in FY2009 and is seeking reappointment. Auditors’ fees amounted to RM1.25 million in FY2009 compared with RM1 million in FY2008.

Remuneration 
Directors of MTD Capital took home RM2.12 million in FY2009 compared to RM1.99 million a year earlier.

Questions for the board 
The group has proposed to dispose of land worth RM175 million. What does it plan to do with the proceeds? The group is also involved in a number of ongoing legal battles. Does it  foresee any negative impact to its bottom line for FY2010? How will the restraining order by Manila Toll Expressway Systems Inc in the Philippines to take over operations and maintenance of South Luzon Expressway (SLEX) affect the group’s business there? What are the prospects for the group’s non-core business?

When and where 
9.30am, Friday, Jan 15 at MTD Capital’s registered office at 1, Jalan Batu Caves, 68100 Batu Caves, Selangor.


This article appeared in Corporate page, The Edge Malaysia, Issue 788, Jan 11-17, 2010