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Trading ideas: Yinson, Zetrix AI, Ekovest, Insas, BFood, Ireaka, TechStore, Smile-Link, KAB, FSMB, MMC Port, Eco-Shop, Alpha IVF

Trading ideas: Yinson, Zetrix AI, Ekovest, Insas, BFood, Ireaka, TechStore, Smile-Link, KAB, FSMB, MMC Port, Eco-Shop, Alpha IVF

The Star2 days ago
Zetrix AI Bhd, formerly MyEG Services Bhd , is no longer involved in foreign worker permit renewals after its government contract ended. The Home Ministry opted not to extend the one-plus-one-year arrangement, awarding a 6-year deal to Bestinet Sdn Bhd instead.
The proposed RM450.0mn merger between Ekovest Bhd and its sister company Knusford Bhd has collapsed after the third deadline lapsed on 27 July 2025, without a deal or extension.
Insas Bhd has become the largest shareholder in Microlink Solutions Bhd after subscribing to 479.5mn rights shares at 16.0sen each, raising its stake to 32.9%.
Berjaya Food Bhd has proposed a bonus issue of up to 885.9mn warrants, on the basis of 1 warrant for every 2 shares held.
Ireka Corporation Bhd has received a mutual termination notice for its RM1.1bn Pan Borneo Highway subcontract with Gammerlite Sdn Bhd, following funding issues and the exit of main contractor MTD Construction.
TechStore Bhd has secured a contract from the Royal Malaysian Customs Department to provide leasing and training services for 4 baggage scanner units and 2 body scanner machines with accessories for RM7.7mn.
Bursa Malaysia has issued a public reprimand to Smile-Link Healthcare Global Bhd for violating the Leap Market listing requirements.
Datuk Gan Kong Hiok has emerged as a substantial shareholder in Kinergy Advancement Bhd following the acquisition of a 6.1% stake in the group.
Tan Sri Syed Zainal Abidin Syed Mohamed Tahir has ceased to be a substantial shareholder of FSBM Holdings Bhd after trimming his stake to 4.90% stake from 8.8% in the group.
MMC Port Holdings aims to finalise its cornerstone investor lineup as early as August, ahead of a planned listing on Bursa Malaysia in October that could raise over RM6.3bn.
Eco-Shop Marketing Bhd 's 4QFY25 net profit fell 10.1% YoY to RM57.0mn due to a 65.1% YoY surge in operating expenses, driven by store expansion, minimum wage hikes and IPO-related costs.
Alpha IVF Group Bhd recorded a 14.7% YoY increase in net profit to RM16.1mn for its 4QFY25 as revenue grew 7.0% YoY to RM50.0mn due to improved performance to higher sales from the provision of assisted reproductive services.
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KK waste to be converted into renewable energy
KK waste to be converted into renewable energy

Borneo Post

time10 minutes ago

  • Borneo Post

KK waste to be converted into renewable energy

The Kayu Madang landfill near the Kota Kinabalu Industrial Park in Telipok. KOTA KINABALU (July 30): A biogas energy facility will be built at the Kayu Madang landfill near the Kota Kinabalu Industrial Park in Telipok to convert methane gas from solid waste into green electricity. Kota Kinabalu City Hall (DBKK) on Wednesday signed a memorandum of understanding (MoU) with Petco Trading Labuan Company Ltd to develop the facility. Under the agreement, Petco Trading Labuan Company Ltd will construct a biogas energy complex at the landfill, converting methane emissions from solid waste into energy. Chief Minister Datuk Seri Panglima Hajiji Noor witnessed the signing ceremony. 'This clean energy will directly benefit the manufacturing sector at the Kota Kinabalu Industrial Park (KKIP). It is a prime example of circular economy in action, where waste from one sector becomes a resource for another,' Hajiji explained. He said both initiatives align with Sabah's Blue Economy agenda, which emphasises sustainable development, value-added fisheries and a shift towards clean energy. 'The success in attracting these investments reflects investor confidence in Sabah's economic prospects. I believe strong collaboration between DBKK, the private sector and the State Government will accelerate economic growth and generate more job opportunities for the people,' he said. Hajiji also extended his appreciation to DBKK for its ongoing efforts in driving city development and thanked both companies for choosing Sabah as their strategic investment destination. According to the Department of Statistics Malaysia, the population of Kota Kinabalu was estimated to exceed 600,000 in 2023, with an annual growth rate of about 2.5 per cent. Mayor Datuk Seri Dr Sabin Samitah said this growth has wide-ranging implications for energy demand, solid waste management, and the need for a highly skilled workforce. 'A planned, forward-looking development strategy grounded in sustainability is therefore essential. 'The biogas initiative at Kayu Madang is timely. It offers a solution to the growing solid waste problem — which exceeds 850 tonnes daily in the West Coast area — while also serving as a catalyst for renewable energy generation, with a projected capacity of up to 2 Megawatts,' he said at the ceremony. Sabin added that the two Megawatts of electricity produced would be sufficient to power some 2,000 homes or several light industrial zones. 'This initiative aligns with the Kota Kinabalu City Strategic Plan 2025–2035 and the aspirations of the Kota Kinabalu Low Carbon City Action Plan. 'It also supports Target Three of DBKK's Low Carbon City Plan, which aims to reduce the city's carbon emissions by 45 per cent by 2030, in line with Malaysia's commitments under the 2015 Paris Agreement. 'This project holds strategic value not just for the city, but also strengthens Sabah's broader ambitions towards green development and a circular economy,' he said. Also present at the ceremony was Assistant Minister to the Chief Minister, Datuk Abidin Madingkir.

Zetrix AI continues to offer immigration services despite contract expiry
Zetrix AI continues to offer immigration services despite contract expiry

The Star

timean hour ago

  • The Star

Zetrix AI continues to offer immigration services despite contract expiry

KUALA LUMPUR: Zetrix AI Bhd (formerly known as My E.G. Services Bhd ), can continue to offer immigration related services within the scope of any other agreements with the government, although the term of the agreement to provide such services to the Immigration Department has ended with immediate effect. In a filing with Bursa Malaysia, the company said it has received a clarification letter on the matter from the Ministry of Home Affairs today. Zetrix AI said it has a Teaming Agreement with Heitech Padu Bhd , which was awarded the National Integrated Immigration System (NIISe) project, under which immigration related services, including foreign worker permits, are within the NIISe project scope. "The suite of immigration related services provided by the company continues to be accessible to customers through its platform,' Zetrix AI said. It added that the development is expected to cause minimal disruptions and will have no material impact on the company's financial performance. - Bernama

MRECA: Retailers call for engagement, not prohibition, on vape regulation
MRECA: Retailers call for engagement, not prohibition, on vape regulation

Focus Malaysia

time2 hours ago

  • Focus Malaysia

MRECA: Retailers call for engagement, not prohibition, on vape regulation

THE Malaysia Retail Electronic Cigarette Association (MRECA) has expressed deep concern over the reported consideration of a nationwide ban on vape product sales, saying banning the legal sales of vape products would not resolve the issue as it would instead push users to the black market. The body representing retailers in the vape industry stressed that retailers who operate within the legal framework are not the cause of the problem but yet, under a ban, it is these legitimate businesses that would be hit the hardest. 'We urge the government to recognise that banning legal sales will not solve misuse; it will simply dismantle the regulated retail ecosystem and create space for illegal, uncontrolled trade to flourish,' said its president Datuk Adzwan Ab Manas. 'Many of our members have invested heavily in compliance, store upgrades, and training in line with new regulatory requirements under Act 852. 'To now threaten the survival of these businesses without addressing the root cause of misuse would be a devastating setback for thousands of entrepreneurs and workers.' Emphasising the group's support for regulations but not prohibition, Adzwan further noted the clear distinction between misuse driven by illegal players and the efforts of licenced retailers who are committed to safe, responsible sales. 'If the concern is misuse, then the real issue lies in poor enforcement, not the existence of legal vape retailers,' he stressed, adding that misuse occurs when illegal sellers are allowed to operate freely without consequence. As such, the government must prioritise strengthening enforcement mechanisms, including stricter monitoring of online sales, proactive raids on unlicensed outlets, and harsher penalties for those who flout the law. 'Blanket bans will only hurt those who are playing by the rule, while doing nothing to disrupt the illegal market that continues to profit without oversight,' Adzwan continued. 'We note the formation of the government's expert committee and support a thorough policy review. However, retailers must be part of this conversation. We are on the front lines. 'We see the trends. We know the gaps in enforcement, and we understand what responsible retailing looks like. Excluding us from the policymaking process will only lead to ineffective outcomes.' Adzwan went on to call for Putrajaya to engage directly with the legal industry to develop practical and effective solutions to prevent misuse. 'Only through stronger enforcement and stakeholder collaboration can we build a regulated market that protects consumers and curbs misuse, without destroying the livelihoods of thousands of retailers,' he noted. 'A collaborative approach will allow us to strengthen regulations, improve compliance, and protect public health without dismantling a legitimate and growing sector of the economy.' On Monday (July 28) Health Minister Datuk Seri Dr Dzulkefly Ahmad announced that Putrajaya is considering a nationwide ban on the use ans sale of e-cigarettes or vapes. Speaking at a press conference in Parliament, Dr Dzulkefly said a special committee from the Health Ministry will propose the ban to address the abuse of electronic cigarettes which will come in the form of a proposal where the ministry will bring this agenda to ban vapes. ‒ July 30, 2025 Main image: 2Firsts

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