21-05-2025
Trading ideas: Maybank, Velesto, Duopharma, IHH, Malakoff, EcoWorld, SCable, MBSB, Kimlun, Sapura Industral, Eversendai, SunCon, PetChem, Aeon, TSH, MyEG
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Malayan Banking Bhd said its wealth management arm, Maybank Premier, will offer a range of solutions tailored to successful MM2H applicants, supporting national efforts to attract global talent and long-term foreign residents.
Velesto Energy Bhd has secured a drilling contract from Phu Quoc Petroleum Operating Company in Vietnam involving more than 40 wells, with operations expected to begin in the first half of 2026.
Duopharma Biotech Bhd 's wholly-owned subsidiary Duopharma Marketing Sdn Bhd and India Biocon Ltd's local unit Biocon Sdn Bhd have secured a six-month contract extension from the Ministry of Health for the supply of insulin to public hospitals.
IHH Healthcare Bhd 's indirect subsidiary, Northern TK Venture Pte Ltd, has increased the damages it is seeking from Daiichi Sankyo Co Ltd to about JPY200bn (RM5.7bn).
Malakoff Corporation Bhd 's subsidiary, Malakoff Radiance Sdn Bhd, has signed a second solar power purchase agreement (4.22 MWp) with HICOM Automotive Manufacturers (Malaysia) Sdn Bhd to expand its renewable energy footprint.
Eco World Development Group Bhd , SD Guthrie Bhd (previously Sime Darby Plantation Bhd , and NS Corporation Sdn Bhd have formalised a shareholders agreement yesterday to launch the development of Eco Business Park 7 in Negeri Sembilan.
Sarawak Cable Bhd will be de-listed from Bursa Malaysia on May 30, unless it files an appeal by May 27.
MBSB Bhd has announced a RM1bn financing facility to accelerate the growth of Malaysia's aerospace sector.
Astaka Holdings Limited, together with its JV partner Kimlun Corp Bhd has commenced construction of Arden, a premium serviced residence under Phase 3 of One Bukit Senyum, the group's flagship development in Johor Bahru.
Sapura Industrial Bhd has teamed up with a China-based firm to establish a precision component manufacturing plant in Malaysia with an initial investment of RM18mn.
Eversendai Corporation Bhd has clinched three significant new contracts in the United Arab Emirates, India, and Singapore worth a combined RM1.3bn, pushing its total outstanding order book to RM6.6bn.
Sunway Construction Group Bhd 's net profit for 1QFY25 surged to RM75.7mn, up from RM32.4mn in the same period last year as revenue climbed 132% YoY to RM1.4bn.
Petronas Chemicals Group Bhd reported a net loss of RM18mn for 1QFY25 on lower sales margins, supply problems at Pengerang Petrochemicals Company Sdn Bhd, foreign exchange losses and rising costs.
Aeon Co (M) Bhd's net profit for 1QFY25 rose 18% to RM68.1mn from RM57.4mn a year earlier, supported by seasonal spending uplift from the double festive celebrations within the quarter.
TSH Resources Bhd 's 1QFY25 net profit surged 140% YoY to RM48.2mn, thanks to higher palm product prices and improved segmental contribution, coupled with lower finance costs.
MyEG Services Bhd net profit for 1QFY25 rose to RM181.6mn from RM155.9mn in the previous corresponding quarter, due to contributions from web3 application service fees on the Zetrix blockchain platform and contributions from the sale of Zetrix tokens.
