2 days ago
Trading ideas: Maybank, CIMB, Hartalega, Infomina, CBH, Citaglobal, KJTS, Carzo, Aizo, Fajarbaru, Dengkil, Lotte, Frontken
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Malayan Banking Bhd has entered into a five-year, RM1.0bn partnership with Microsoft to accelerate its digital transformation.
CIMB Group Holdings Bhd has no immediate plans for an initial public offering of TNG Digital Sdn Bhd, which has turned profitable earlier this year and attained unicorn status.
Hartalega Holdings Bhd has received a notice of additional assessment amounting to RM101.4mn from the Inland Revenue Board for the assessment years from 2017 to 2022. Its net profit dropped 60.1% YoY to RM12.6mn in 1QFY26, from RM31.9mn a year earlier, due to lower average selling prices and sales volumes.
Infomina Bhd announced that its 99.9%-owned subsidiary, Infomina Philippines Inc, has filed a PHP1.7bn (RM133.0mn) lawsuit against the Bank of Philippine Islands over the alleged wrongful termination of a software purchase and maintenance agreement in 2021.
CBH Engineering Holdings Bhd has secured a RM194.7mn contract for the engineering, procurement, construction, and commissioning of a 275kV electrical supply system for a proposed data centre in Selangor.
Citaglobal Bhd has proposed a RM40.0mn acquisition of a 12.8% indirect stake in Mutiara Perlis Sdn Bhd, the master developer of the RM27.8bn Perlis Maritime Corridor.
KJTS Group Bhd has secured a RM13.0mn contract to provide facility management services at Marlborough College Malaysia in Johor.
Carzo Holdings Bhd has been hit with two default judgments totalling nearly RM6.0mn, after Maybank Islamic Bhd initiated legal proceedings against its subsidiaries over unpaid banking facilities.
AIZO Group Bhd has re-entered the property development sector through a joint venture with Lestari Astana Sdn Bhd.
Fajarbaru Builder Group Bhd has changed its name to FBG Holdings Bhd, effective Friday, Aug 8, 2025. The stock short name will be changed to FBG, while the stock codes will remain unchanged.
Wawasan Dengkil Holdings Bhd announced it will hold a 70% stake in a joint venture with Terengganu-based Twin Hi-Technologies Sdn Bhd for the Silica Project awarded to the consortium in early July.
Lotte Chemical Titan Holding Bhd saw its net loss for 2QFY25 narrow to RM173.1mn from RM248.9mn a year ago, due to lower distribution and administration expenses as well as a one-off insurance claim.
Frontken Corporation Bhd reported a marginally higher net profit of RM33.5mn for 2QFY25, compared to RM33.3mn a year earlier, as currency losses offset a sharp increase in revenue.
