a day ago
Trading ideas: BAuto, George Kent, JcbNext, CHHB, Thong Guan, BLand, UEM Edgenta
KUALA LUMPUR: Companies that could be in the spotlight following recent announcements include Bermaz Auto Bhd 's (BAuto), George Kent (M) Bhd, JcbNext Bhd , Country Heights Holdings Bhd (CHHB), Thong Guan Industries Bhd , Berjaya Land Bhd (BLand) and UEM Edgenta Bhd .
BAuto's net profit for the financial year ended April 30, 2025 (FY2025) dropped by over 55% to RM155.9mil from RM345.58mil a year earlier, as revenue fell to RM2.62bil from RM3.91bil, mainly due to lower sales volume from its Mazda and Kia domestic operations.
George Kent has partnered with Shanghai-listed Qingdao Topscomm Communication Co Ltd (Topscomm) to develop Malaysia's first locally branded ultrasonic water meter.
JcbNext has disposed of 647,846 shares (or 1.95%) in Taiwan-based 104 Corp for RM20.05mil in the open market of the Taiwan Stock Exchange.
CHHB is disposing of its entire stake in its wholly-owned subsidiary, Versatile Champion Sdn Bhd (VCSB) to South Strategy International Sdn Bhd for RM600,000.
Thong Guan has scrapped its plan to sell its F&B business to major shareholder Foremost Equals after failing to agree on a final sale price.
BLand is disposing of its entire 80% stake in joint venture company, Berjaya-Handico12 Co Ltd (BHandico12), to Vietnam-based Dong Thinh Phat Land JSC and Green Hill Construction Investment JSC for RM201.96mil.
UEM Edgenta has tied up with 21 Estates Group FZCO to establish a new joint venture company (JV) and expand its property management presence in Dubai, United Arab Emirates.
