04-08-2025
Trading ideas: RHB, Inari, Bintulu, Cypark, KNM, Itmax, Tanco, TSA, Axis REIT, HCK, Skygate, Pestec, Westports, F&N
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
RHB Bank Bhd has inked long-term bancassurance and bancatakaful partnerships with Tokio Marine Life Insurance Malaysia Bhd and Syarikat Takaful Malaysia Keluarga Bhd , marking one of the largest such agreements in the Malaysian financial services sector.
Inari Amertron Bhd and China's Sanan Optoelectronics are jointly acquiring Lumileds Holding BV for USD239mn (RM1.03bn), expanding into the global LED market.
Bintulu Port Holdings has received notices of assessment from the Inland Revenue Board totalling RM44.2mn for the years of assessment 2020 to 2023.
Cypark Resources Bhd 's 51% indirectly owned subsidiary, Reviva BACRE (Ulu Remis) Sdn Bhd, has received approval from the Sustainable Energy Development Authority Malaysia to develop a 1.5MW biogas facility in Layang-Layang, Johor.
Swiss-based SymbEx GmbH and Germany's Terragarda GmbH have offered EUR19.5mn (RM101mn) to acquire KNM Group Bhd 's unit FBM Hudson Italiana FBMHI and its UAE unit.
ITMax System Bhd 's 70%-owned unit, Selmax, has secured a 10-year contract (with a 5-year extension option) to manage parking in Subang Jaya under the Selangor Intelligent Parking system.
Tanco Holdings, via its unit Tanco Land, signed a supplemental agreement with Menteri Besar Incorporation Negeri Sembilan to reinforce their joint venture for developing the 574.7-hectare Port Dickson Free Zone project.
TSA Group Bhd has entered the quarrying sector after being appointed to operate and distribute granite products in Manjung, Perak.
Axis Real Estate Investment Trust has proposed to buy a warehouse site in Telok Gong, Port Klang from TS Worldwide Warehousing Sdn Bhd for RM80mn cash.
HCK Capital Group Bhd 's indirect wholly owned subsidiary Reside Capital Sdn Bhd has proposed to buy two plots of land from Bandar Setia Alam Sdn Bhd for RM38.6mn cash.
SkyGate Solutions Bhd (formerly Ewein Bhd ) is forming a joint venture with Singapore-based New Jin Hai to launch a high-precision manufacturing business in George Town, Penang.
Pestec International Bhd's external auditor has expressed its unqualified audit opinion with a material uncertainty related to the group's ability to continue as a going concern.
Westports Holdings Bhd expects single-digit container volume growth this year, despite a 13.7% YoY rise in 2QFY25 net profit to RM231.6mn, driven by companies rushing to ship goods ahead of the US tariffs.
Fraser & Neave Holdings Bhd saw its 3QFY25 net profit fall by 30% to RM84.8mn from RM121.6mn a year ago, as sales slowed and its dairy farm continued to incur start-up losses.
