Trading ideas: AmBank, Nestle, MGB, Southern Steel, DPS, Scanwolf, Norges, Reach Ten, Alpha IVF, Aneka Jaringan
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
AmBank (M) Bhd is taking legal action to auction off a property in Bandar Kundang, Rawang, owned by the late Kee Kok Thiam, a former aide to fugitive businessman Low Taek Jho, to recover a housing loan of RM1mn.
Nestle (Malaysia) Bhd has partnered with KDEB Waste Management Sdn Bhd to enhance its efforts in addressing plastic waste through sustainable solutions.
MGB Bhd is proposing to settle RM7.2mn with joint venture partner Aset AZG Sdn Bhd to kickstart a serviced apartment project in Cameron Highlands which has been on the back burner for six years.
Southern Steel Bhd is disposing of a 55% stake, comprising 12.8mn shares in its subsidiary Southern Steel Mesh Sdn Bhd to Singapore-based BRC Asia Ltd for RM61.1mn in cash.
DPS Resources Bhd is partnering with Invest Energy Sdn Bhd to develop solar farms and other infrastructure to support its proposed artificial intelligence data centre and high-tech industrial park in Alor Gajah, Melaka.
Scanwolf Corp Bhd has secured a letter of award from Asianmax Corporation Sdn Bhd for the relocation of water supply in Gombak, Selangor, worth RM16.6mn.
Norges Bank, which manages Norway's government pension fund, has emerged as a substantial shareholder in automated test equipment maker Pentamaster Corp Bhd with a 5.3% stake.
Reach Ten Holdings Bhd's IPO shares have been oversubscribed by 1.85 times ahead of its listing on the Main Market of Bursa Malaysia next month.
Alpha IVF Group Bhd posted a 12.4% YoY decline in net profit for its third quarter, dragged by expansion costs and lower contributions from its Singapore operations.
Aneka Jaringan Holdings Bhd posted a net profit of RM749,000 for 2Q25, up from RM121,000 in the same period last year. Revenue rose 23.5% YoY to RM67mn, supported by stronger contributions from ongoing projects and improved execution efficiency in both Malaysia and Indonesia.
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Free Malaysia Today
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Change farming narrative, young agro-entrepreneur tells govt
The government must roll out targeted measures for young farmers, including grants, low-interest loans and land leasing schemes to overcome the high entry costs, says Sabah-based farmer Shahrizal Denci. PETALING JAYA : An agro-entrepreneur has called on the government to change the narrative on farming in Malaysia, warning that outdated perceptions are driving the agriculture sector into decline. Sabah-based Shahrizal Denci, 43, said the prevailing image of farming as a physically punishing and low-status vocation has deterred young Malaysians from entering the field. The Bantu Tani Sdn Bhd director said farming should be rebranded as a knowledge-intensive and innovation-driven industry to change the narrative surrounding the agriculture sector. 'We cannot keep treating farmers like labourers. Farmers must be recognised as entrepreneurs and professionals,' he told FMT. Shahrizal Denci. Shahrizal, who has an 8ha farm in Kundasang cultivating more than 20 types of vegetables, said a younger generation of farmers can be enticed by the availability of technological advancements. Speaking from experience, the Sabahan said he has sought to present farming as a modern and 'sexy' job, by weaving in innovation and technology. However, he said, the real transformation lays in cultivating entrepreneurial and managerial thinking, especially among younger farmers. 'You must go into it as a business, not as a fallback plan,' said Shahrizal, who quit as a software engineer to return to his hometown and go into agriculture in 2011. Clear pathway to profits a sure attraction Alvin Loke, 42, a farmer in Seremban, Negeri Sembilan, believes many young Malaysians would be open to entering the field if they see a structured pathway that offers financial stability, growth and respect. Alvin Loke. 'People want opportunities that offer financial independence, growth and respect. Farming can provide all of these, but only if it's structured properly,' he said. Loke said there were several barriers that newcomers to the industry would have to face, from the social stigma to long hours, and the uncomfortable nature of the job. The sector itself is highly volatile due to fluctuating input costs and a lack of long-term government support. 'Unstable prices of pesticides, fertilisers, and labour make it hard to plan and grow a business,' he said. However, after seven years in the industry, he said, it was possible to make money as a farmer, suggesting that the government look at certain measures to improve their income. 'I don't support cash handouts, but the government could provide more long-term subsidies and reduce the role of middlemen,' he said, adding that it was important to stabilise the sector's labour market and input costs to make it more viable and attractive. On May 29, the government released an interim report on the 2024 agriculture census, which showed that 45.4% of individual agricultural operators were aged 60 and above; only 22.2% were aged between 15 and 45, while 32.3% comprised those aged 46 to 59. In launching the report, deputy prime minister Fadillah Yusof said this posed a serious challenge to Malaysia's agriculture sector as it affected productivity and the ability to sustain domestic food production. Chai Kok Lim. Cameron Highlands Vegetable Farmers Organisation president Chai Kok Lim said some of his group's members were in their 70s but still farm daily, as their children have shown no interest in taking over. Although two of his sons have taken up the family business, Chai expressed concern over the nationwide situation, saying: 'The work is tough, and the income is not stable. It's hard to convince young people to take it up.' Both Loke and Shahrizal stressed the importance of a younger batch of farmers being brought into the sector to ensure Malaysia's food security. Shahrizal pointed out that Malaysia imported nearly all of its shallots from India, which opened up the country to the risk of short supply or high prices from geopolitical tensions. Loke said government aid for farmers must reach recipients consistently and not be doled out only during an election. He also said the high costs of acquiring agricultural land and starting a farm were major deterrents, especially when returns were uncertain in the first few years. Shahrizal suggested the government roll out targeted measures for young farmers, including grants, low-interest loans and land leasing schemes to overcome the high entry costs. He also called for training and mentorship programmes to help young farmers learn the ropes quickly and breed success.
Free Malaysia Today
17 hours ago
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Issues over Petros nothing to do with Petronas layoffs, says Fadillah
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Free Malaysia Today
18 hours ago
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MACC to file application to forfeit Ilham Tower
MACC seized Ilham Tower yesterday for the second time. (Website pic) PETALING JAYA : The Malaysian Anti-Corruption Commission will file an application to forfeit the Ilham Tower in Kuala Lumpur next week, says its chief, Azam Baki. Azam said the forfeiture application would be filed under Section 55 or 56 of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (Amla), Utusan Malaysia reported. Section 56 of Amla provides for the forfeiture of property where there is no prosecution, if a High Court judge is satisfied that the asset was the subject-matter or evidence relating to the commission of an offence under the Act, the proceeds of an unlawful activity, or the instrumentalities of an offence. MACC first seized the 274m-tall tower owned by the late Daim Zainuddin and his family under the MACC Act in December 2023. It previously said it could seize the tower for up to 18 months pending investigations. Yesterday, it announced it had seized the tower again, this time under Amla. Daim's widow, Naimah Khalid, plans to challenge the seizure in court. Last month, MACC opened eight new investigation papers into 'high-value' assets linked to Daim and his family members after receiving new information from overseas.
