Trading ideas: Genting Plantaitons, UMediC, NUEnergy, FGV, Agmo, EPB, Asian Pac, Southern Score, AMMB, CelcomDigi, 99 Speed Mart, Ranhill, LPI, MGB
Genting Plantations Bhd has proposed to undertake a joint venture (JV) with Shouguang Vegetable Science and Technology Sdn Bhd to develop approximately 70 acres of land in Kulai, Johor as a centre of excellence in tropical vegetable crops.
UMediC Group Bhd has increased its manufacturing capacity by doubling it with the unveiling of its expansion at Batu Kawan Industrial Park, Penang.
NuEnergy Holdings Bhd , formerly ILB Group Bhd , has received a conditional voluntary takeover offer from its single largest shareholder, fertiliser group Agrobulk Holdings Sdn Bhd, for the company's remaining shares, at RM0.60 a share.
FGV Holdings Bhd will be suspended from trading on Bursa Malaysia's Main Market at 9am on Aug 25, marking the final step towards its privatisation following the Federal Land Development Authority's successful takeover bid.
Agmo Holdings Bhd , which has been listed on Bursa Malaysia's ACE Market since August 2022, proposed to transfer its listing to the Main Market.
EPB Group Bhd has incorporated a new subsidiary, AI Medic Device Equipment Supplies Sdn Bhd, to enhance offerings and venture into AI-powered healthcare equipment and services.
Asian Pac Holdings Bhd is acquiring a property development firm from Salcon Bhd for RM42mn in cash, in a move to strengthen its presence in the Klang Valley.
Southern Score Builders Bhd has accepted a letter of award from Sunway Construction Sdn Bhd to undertake a subcontract project described as for supply, installation, testing and commissioning of electrical, telco and security underground infra works worth RM19.3mn.
AMMB Holdings Bhd posted 3% earnings increase to RM516mn in the 1QFY26 driven by strong income growth.
CelcomDigi Bhd posted an 8.1% YoY rise in net profit to RM438.9mn for the 2QFY25 fuelled by lower operating costs.
99 Speed Mart Retail Holdings Bhd 's net profit jumped 22% YoY to RM153mn in the 2QFY25, supported by its growing outlet network and stronger transaction volumes.
Ranhill Utilities Bhd 's net profit for the three months ended June 30, 2025, doubled QoQ to RM17.8mn from RM6.9mn in the immediate preceding quarter, thanks to its water business.
LPI Capital Bhd net profit rose 6.7% YoY to RM83.2mn in 2QFY25 driven by a higher contribution from the general insurance segment.
MGB Bhd 's net profit for 2QFY25 fell 21.6% YoY to RM11.9mn from RM15.2mn in 2QFY24, as more projects were completed and delivered.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
25 minutes ago
- The Star
Topmix posts higher 2Q earnings
Topmix Bhd managing director Teo Quek Siang PETALING JAYA: Topmix Bhd posted a higher net profit of RM4mil for the second quarter ended June 30, 2025 compared to RM2.66mil registered in the same quarter a year ago. Subsequently, revenue rose to RM25.42mil compared to RM21.65mil a year earlier. In a filing to Bursa Malaysia, the decorative surface product provider said the increase was driven by higher sales volume for its high-pressure laminate products, contributing RM22.89mil of total revenue. Revenue of other decorative surface products also increased, while its newly launched Melamine Faced Chipboard products were well accepted by the market. The group said it will continue focusing on its business plans and strategies, and is well-positioned to tap on the anticipated growth in the decorative surface products industry. 'The decorative surface industry is expected to continue growing, supported by anticipated robust household spending, strong employment conditions, wage growth, and ongoing supportive government policies. 'Initiatives such as the upward revision of the minimum wage and salary adjustments for civil servants are expected to fuel consumer expenditure.' Topmix managing director Teo Quek Siang said, 'We are delighted to deliver an earnings growth of almost 90% for the first half of the year. This stellar result is a testament to Topmix's market leadership and competitive strengths, coupled with the newly introduced innovative MFC products, which no doubt made a promising debut as we steadily penetrate this segment.' He noted that the group has seen a gradual increase in its pretax profit margin from the low teens since early 2024, driven by stronger sales, particularly for HPL products, which remain in high demand amid sustained renovation activities. 'This second quarter's (pretax profit) margin of over 22% is in fact the highest since Topmix was listed,' he said.
The Star
an hour ago
- The Star
Amway profit plunges, warns of weaker full-year performance
KUALA LUMPUR: Amway (M) Holdings Bhd has warned that its full-year revenue and profit are likely to fall, citing prevailing business uncertainties. 'Given the prevailing uncertainties in the business environment, the group anticipates a decline in revenue and profit for the full year,' Amway said in a filing with Bursa Malaysia. In the second quarter ended June 30, Amway's net profit plunged to RM2.4mil from RM24.5mil a year earlier, translating into earnings per share of 1.48 sen versus 14.93 sen previously. Quarterly revenue fell 10% to RM266.7mil compared with RM296.4mil a year prior. For the first half ended June 30, Amway recorded a net profit of RM15.6mil, a 72.7% drop from RM57.3mil a year earlier, while revenue fell to RM560.1mil from RM618.5mil previously. Amway said its first-half profitability was hit by weaker sales and rising costs, and it is doubling down on the health and wellbeing segment with new products, ABO programmes and tech upgrades. 'For the first half of 2025, the group recorded a decline in revenue, reflecting the continued impact of weak consumer demand and a challenging economic environment. 'Despite these headwinds, the group remains committed to delivering shareholders' value and upholding our position as a trusted provider of health and wellbeing products. The group will continue to focus on delivering holistic gut health solutions to meet evolving consumer needs,' Amway said. Amway has declared a second single-tier interim dividend of 5 sen per share on Aug 20, payable on Sept 22.
Barnama
an hour ago
- Barnama
SP Setia's 2Q FY2025 Net Profit Drops To RM99.8 Mln
BUSINESS KUALA LUMPUR, Aug 20 (Bernama) -- SP Setia Bhd's second quarter (2Q) net profit ended June 30, 2025 (FY2025) dropped to RM99.8 million from RM295.03 million in the same quarter a year ago. It said in a filing with Bursa Malaysia today that its revenue also eased to RM943.73 million against RM1.49 billion in 2Q FY2024, contributed mostly from local development. Sales, however, recorded an uptick at RM1.186 billion versus RM883 million in 2Q FY2024, primarily from the group's domestic projects. For the six-month period ended June 30, 2025 (2H FY2025), net profit was lower at RM166.82 million, versus RM372.36 million in the same period last year. Revenue also slid to RM1.71 billion compared with RM2.97 billion previously. Sales were mainly from domestic projects at RM1.42 billion, representing 75 per cent of total sales, while the group's international projects contributed RM480 million or 25 per cent of the total sales. The group said it has continued to reduce its borrowings, with a current net-gearing ratio of 0.34 times, aligning with the group's debt reduction strategies. Meanwhile, following the Overnight Policy Rate (OPR) cut, it anticipated growth in the property development industry, particularly the residential segment. On July 9, 2025, Bank Negara Malaysia (BNM) cut the OPR by 25 basis points to 2.75 per cent, its first rate cut in five years.
