Trading ideas: MGB, YTL Power, Classita, Infomina, NationGate, Thong Guan, Carlsberg, Sunway REIT, UMS, MSC, Tex Cycle, Rhone Ma
MGB Bhd secured a RM185.99m contract from CI Medini Sdn Bhd for the development of two serviced apartment towers in Medini, Iskandar Puteri, Johor Baru.
YTL Power International Bhd launched 'Ilmu', Malaysia's first fully homegrown large language model, via its unit YTL AI Labs Sdn Bhd.
Classita Holdings Bhd said its subsidiary Caely (M) Sdn Bhd has sued Koperasi Peserta-Peserta Felcra Malaysia Bhd to recover RM9.47m in unpaid sums for a completed RM69.04m housing project in Perak.
Infomina Geolytik Sdn Bhd, a joint venture between Infomina Bhd and Geolytik Tech Sdn Bhd, launched ValuationXchange, a PEPS Ventures-endorsed platform to streamline property valuations, improve compliance, and enhance loan processing efficiency.
Nationgate Holdings Bhd saw the Employees Provident Fund reduce its shareholding below the 5% threshold after disposing of 3.75m shares on 8 Aug 2025, leaving it with a 4.909% stake.
Thong Guan Industries Bhd announced that Raja Muda of Kedah Tengku Sarafudin Badlishah Sultan Sallehuddin has resigned as independent and non-executive chairman effective 25 Aug 2025, after completing his nine-year tenure.
Carlsberg Brewery Malaysia Bhd posted a 3.2% YoY increase in 2QFY25 net profit to RM81.9m, aided by lower tax expenses despite a 3.4% YoY decline in revenue to RM490.2m.
Sunway Real Estate Investment Trust reported a 10.9% YoY decline in 2QFY25 net profit to RM129.35m from RM145.07m, despite revenue rising 20.4% YoY to RM211.40m on stronger contributions from retail, industrial and other segments.
UMS Integration Ltd posted a 10.1% YoY increase in 2QFY25 net profit to S$10.26m, supported by a 20.4% YoY rise in revenue to S$67.35m.
Malaysia Smelting Corp Bhd posted a 16.6% YoY decline in 2QFY2025 net profit to RM13.95m, due to lower tin prices and sales volumes, while revenue fell 7.8% YoY to RM378.96m.
Tex Cycle Technology (M) Bhd posted a 20.6% YoY increase in 2QFY2025 net profit to RM3.02m, supported by higher contributions from its trading and renewable energy divisions, as revenue rose 4.9% YoY to RM8.6m.
Rhone Ma Holdings Bhd posted a 27.6% YoY rise in 2QFY25 net profit to RM3.46m, supported by lower material costs.
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MGB completes topping out ceremony for fourth 'Idaman' project
From left) Deputy chief executive officer Isaac Lim, Hock San and deputy chief executive officer Daniel Chew, members of MGB Bhd's senior management, witnessing the topping out ceremony of Idaman Sari. PETALING JAYA: MGB Bhd, under LBS Bina Group Bhd, has successfully completed its topping out for Idaman Sari, one of its six Rumah Idaman MBI projects under the same initiative. This milestone follows the recent successful handover of keys for Idaman Melur, which was held on July 3. Strategically located in Puchong, Idaman Sari comprises 513 residential units spread across 2.45ha of land, and is developed to support a sustainable and comfortable lifestyle for urban families. Each unit has a built-up area of at least 1,000 sq ft and comes with a layout of featuring three bedrooms and two bathrooms, two designated parking lots and modern home essentials including a television with cabinet, refrigerator, kitchen cabinet, three air conditioners, water heaters in both bathrooms and wardrobes in every bedroom and excellent access to amenities nearby. Prices for each unit of Rumah Idaman start from RM 250,000 onwards. Idaman Sari will be the fourth Rumah Idaman to complete its topping out after Idaman BSP, Idaman Melur as well as Idaman Cahaya 1 and 2 projects respectively. It is another step forward for MGB in supporting the Selangor state government's effort under the Rumah Idaman initiative to deliver up to 30,000 high-quality, affordable housing units across Selangor for its residents. To date, the success and progress of MGB delivering on its Rumah Idaman projects remains steady, starting with the handover of keys for Idaman BSP in August 2024 and the recent successful handover of keys for Idaman Melur, which was held last month. In line with MGB's mission to push boundaries and surpass expectation through quality, reliability and innovation, Idaman Sari is built using MGB's Industrialised Building System (IBS) precast technology, a construction method that uses precast concrete panels manufactured under strict quality control and consistency that has been proven to positively impact project timelines by reducing construction time by up to 33%. MGB Bhd group executive chairman Tan Sri Ir. Dr. Lim Hock San said, 'The topping out of Idaman Sari is MGB's statement on the progress we have made in providing well-built, affordable homes to Malaysians, especially those residing in Selangor. 'MGB continues to play a role in addressing housing affordability by delivering fully equipped, thoughtfully located homes to first-time homeowners on time and with quality that endures.'
The Star
4 days ago
- The Star
Trading ideas: MGB, YTL Power, Classita, Infomina, NationGate, Thong Guan, Carlsberg, Sunway REIT, UMS, MSC, Tex Cycle, Rhone Ma
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia. MGB Bhd secured a RM185.99m contract from CI Medini Sdn Bhd for the development of two serviced apartment towers in Medini, Iskandar Puteri, Johor Baru. YTL Power International Bhd launched 'Ilmu', Malaysia's first fully homegrown large language model, via its unit YTL AI Labs Sdn Bhd. Classita Holdings Bhd said its subsidiary Caely (M) Sdn Bhd has sued Koperasi Peserta-Peserta Felcra Malaysia Bhd to recover RM9.47m in unpaid sums for a completed RM69.04m housing project in Perak. Infomina Geolytik Sdn Bhd, a joint venture between Infomina Bhd and Geolytik Tech Sdn Bhd, launched ValuationXchange, a PEPS Ventures-endorsed platform to streamline property valuations, improve compliance, and enhance loan processing efficiency. Nationgate Holdings Bhd saw the Employees Provident Fund reduce its shareholding below the 5% threshold after disposing of 3.75m shares on 8 Aug 2025, leaving it with a 4.909% stake. Thong Guan Industries Bhd announced that Raja Muda of Kedah Tengku Sarafudin Badlishah Sultan Sallehuddin has resigned as independent and non-executive chairman effective 25 Aug 2025, after completing his nine-year tenure. Carlsberg Brewery Malaysia Bhd posted a 3.2% YoY increase in 2QFY25 net profit to RM81.9m, aided by lower tax expenses despite a 3.4% YoY decline in revenue to RM490.2m. Sunway Real Estate Investment Trust reported a 10.9% YoY decline in 2QFY25 net profit to RM129.35m from RM145.07m, despite revenue rising 20.4% YoY to RM211.40m on stronger contributions from retail, industrial and other segments. UMS Integration Ltd posted a 10.1% YoY increase in 2QFY25 net profit to S$10.26m, supported by a 20.4% YoY rise in revenue to S$67.35m. Malaysia Smelting Corp Bhd posted a 16.6% YoY decline in 2QFY2025 net profit to RM13.95m, due to lower tin prices and sales volumes, while revenue fell 7.8% YoY to RM378.96m. Tex Cycle Technology (M) Bhd posted a 20.6% YoY increase in 2QFY2025 net profit to RM3.02m, supported by higher contributions from its trading and renewable energy divisions, as revenue rose 4.9% YoY to RM8.6m. Rhone Ma Holdings Bhd posted a 27.6% YoY rise in 2QFY25 net profit to RM3.46m, supported by lower material costs.
The Star
4 days ago
- The Star
MGB Bhd secures RM186MIL contract for 802 units of service apartments in Medini, Johor
PETALING JAYA: Leading construction, property development solutions provider and manufacturer of precast concrete products, MGB Bhd (MGB), announced on Aug 12 that its wholly-owned subsidiary, MGB Construction & Engineering Sdn Bhd, was awarded a construction contract valued at RM186mil by CI Medini Sdn Bhd for the development service apartments in Medini, Iskandar Puteri, Johor. The project is expected to commence by Sept 1, consisting of a seven-storey car park podium, a guard post, a facilities floor, and two towers, which comprise Tower A (32 storeys, 405 units) and Tower B (31 storeys, 397 units). The contract value replenishes MGB's existing construction orderbook, increasing it from RM1.07bil as of July 31 to approximately RM1.21bil. The project also builds on MGB's growing portfolio in Johor, adding to the on-going development of Pangsapuri Saujana Indah in Johor Baru and the completed Laman Bayu project in Batu Pahat. Commenting on the contract award, the group's executive chairman Tan Sri Ir Dr Lim Hock San said, 'We are honoured to be entrusted with the responsibility for this Project. This award is a significant milestone for MGB's Southern Region developments, as we expand our presence in the region. Medini is a thriving township with great potential, and we are enthusiastic about completing the Project and leaving our mark on its growth.' MGB Bhd executive chairman Tan Sri Ir Dr Lim Hock San. Additionally, the award enhances MGB's pipeline of construction jobs and reinforces its commitment to delivering quality homes that enhance living spaces and build communities while creating long-term value for stakeholders. It continues to demonstrate resilience and competitiveness, bolstering market confidence while expanding its reach into strategic regions. The group also deepens its collaboration with reputable developers and strengthens its positioning for future growth opportunities, both within Johor and nationwide. Established in 2007, MGB Bhd is a subsidiary of LBS Bina Group Berhad that has evolved into a construction and property development solutions provider, primarily focusing on providing efficient and cost-effective solutions across a wide range of industries, in particular building mass market and affordable living spaces for generational living in Malaysia. Through its subsidiaries, the group provides a full range of design, construction and development services including design and build, project management, civil engineering, value engineering, geotechnical specialisation, and manufacturing in Industrialised Building System (IBS) precast concrete products. CI Medini Sdn Bhd is an affiliated company of the Creed Group, a real estate firm from Japan specialising in principal investment and property management.
