Latest news with #RM1.2bn
The Star
2 days ago
- Business
- The Star
Trading ideas: SunCon, Vestland, PeterLabs, TWL, UEM Edgenta, IJM, Genting, Carlsberg, KPJ, QL, Farm Fresh, IHH, LHI
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia. Sunway Construction Group Berhad has secured two work orders valued at RM1.2bn to undertake general contractor services for two data centre projects awarded by a US-based technology company. Vestland Bhd has accepted a letter of award from Mercu Majuniaga Sdn Bhd for construction work to a 51-storey serviced apartment at Lorong Raja Uda 2, Kuala Lumpur, worth RM156.9mn. Peterlabs Holdings Bhd has filed a lawsuit against its non-independent non-executive director Datin Lin Ching Yein and substantial shareholder Bu Yaw Seng, amid an intensifying boardroom tussle, to block their bid to call for an extraordinary general meeting. TWL Holdings Bhd 's unit, TWL Avenue (Kapar) Sdn Bhd, has secured RM67.6mn in credit facilities from Alliance Bank Malaysia Bhd for its affordable housing project in Kapar, Selangor. UEM Edgenta Bhd has secured an order book worth RM1.1bn in 1QFY25, bringing the company's cumulative order book to RM9.3bn as at FY25. For 4QFY25, IJM Corp Bhd 's net profit dipped to RM129mn from RM305.5mn in the previous corresponding period, while revenue rose to RM1.79bn from RM1.76bn a year earlier. Genting Bhd net profit shrank to only RM4.6mn for 1QFY25 from RM588.9mn a year ago due to lower quarterly revenue, which fell 12.4% to RM6.5bon from RM7.4bn in 1QFY24. Carlsberg Brewery Malaysia Bhd reported an 8.7% YoY lower revenue of RM662.8mn, impacted by the shorter Chinese New Year timing, but a 7.5% YoY higher net profit of RM94.5mn on for 1QFY25 KPJ Healthcare Bhd net profit fell 20% YoY to RM57.1mn, in 1QFY25, dragged by losses in its overseas operations, coupled with the absence of discontinued operations' contribution in Australia. In 4QFY25, QL Resources Bhd posted a lower net profit of RM93.9mn, bringing its full-year net profit to RM455.6mn. A slew of new products from ice cream to butter and lower input cost lifted Farm Fresh Bhd net profit to a new record high of RM27.7mn in 4QFY25, a 15% YoY increase. IHH Healthcare Bhd has recorded a drop in net profit to RM514mn in 1QFY25 from RM768mn in 1QFY24. In 1QFY25, Leong Hup International Bhd 's net profit jumped 80% to RM101.8mn against RM56.6mn in the year-ago quarter.
The Star
07-05-2025
- Business
- The Star
Trading ideas: Capital A, FGV, Malakoff, LFE, Hektar REIT, Favelle Favco, Life Water, Ivory, Masteel, Ygl, Jetson, Hartalega, Heineken, UOA REIT, Dufu
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia. Capital A Bhd intends to raise at least USD200.0mn from a secondary listing in Hong Kong as the parent of AirAsia looks to tap mainland Chinese investors and accelerate growth, according to its chief executive officer Tan Sri Tony Fernandes. FGV Holdings Bhd said it has not received any formal notice from the Federal Land Development Authority with regards to a takeover offer, as published in a news report recently. Malakoff Corporation Bhd has successfully issued its inaugural RM250.0mn ASEAN Sustainability Sustainable and Responsible Investment Sukuk Murabahah under its RM1.2bn Islamic Medium-Term Notes Programme. LFE Corporation Bhd has accepted the letter of award from Gamuda Engineering Sdn Bhd for mechanical, electrical and plumbing fit-out work at the hyperscale data centre in Elmina Business Park 1A, Selangor, worth RM50.6mn. Hektar Real Estate Investment Trust has collaborated with Samaiden Group Bhd on a solar deal, aligning with Malaysia's renewable energy transition and long-term carbon reduction targets. Favelle Favco Bhd 's subsidiaries, Favelle Favco Cranes Pty Limited and Favelle Favco Cranes (M) Sdn Bhd have received RM43.9mn purchase orders for the supply of offshore and tower cranes. Life Water Bhd is building a new drinking water manufacturing line at its Sandakan Sibuga Plant 1, which will have an annual production capacity of 178mn litres. Practice Note 17 company Ivory Properties Group Bhd is selling a double-storey detached commercial building known as The Birch House in George Town, Penang for RM18.0mn to settle its bank borrowings. Malaysia Steel Works (KL) Bhd has signed a MoU with Ace Gases Marketing Sdn Bhd and Universiti Tunku Abdul Rahman to deploy innovative carbon capture, utilisation, and storage technologies. YGL Convergence Bhd has announced the resignation of Chengco PLT as its auditor due to suspension of latter's registration by the Audit Oversight Board of the Securities Commission Malaysia. Kumpulan Jetson Bhd has received a writ of summons from three minority shareholders who are seeking a court order to void a requisition notice dated April 23, 2025, and to halt any corporate action based on it. Hartalega Holdings Bhd posted a lower net profit of RM14.5mn for 4QFY25 versus RM14.9mn a year ago as lower non-operating income offset gains from improved operations. Heineken Malaysia Bhd reported a net profit of RM122.2mn for 1QFY25, largely unchanged from RM122.5mn a year earlier, supported by lower interest expenses, effective cost control and improved financial efficiency. UOA Real Estate Investment Trust's net profit for 1QFY25 fell 14.6% YoY to RM10.0mn from RM11.7mn a year ago, due to higher operating expenses. Dufu Technology Corporation Bhd's net profit for 1QFY25 surged 57.4% YoY to RM7.0mn from RM4.4mn a year ago, thanks to higher sales of hard disk drive components.
