2 days ago
Trading ideas: Dialog, Zetrix, Kwasa, Alliance, BIG, Steel Hawk, Dayang, Paramount, Samaiden, SP Setia, MMM, CIM, Axis REIT, Pantech, Destini, EcoFirst
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Dialog Group Bhd said its associate Pengerang Terminals (Two) Sdn Bhd is spending US$330mn to expand its storage capacity in the refinery town in Johor.
Zetrix AI Bhd (formerly known as My E.G. Services Bhd ) said it has received clarification from the government that it can continue to offer immigration related services within the scope of any other agreements with the latter.
Kwasa Land Sdn Bhd, a wholly owned subsidiary of the Employees Provident Fund, has awarded LBS Bina Group Bhd development rights for an RM8.3bn residential project in the Kwasa Damansara township.
Alliance Bank Malaysia Bhd is keeping its net interest margin forecast within the 2.4%-2.5% range for its current financial year following Malaysia's central bank rate cut recently.
B.I.G. Industries Bhd is acquiring an air separation unit from Pure Gas Engineering Sdn Bhd for RM22.9mn.
Steel Hawk Bhd , which provides support services to oil majors, has secured a scaffolding services contract from EPOMS Sdn Bhd for EPOMS' operational sites.
Dayang Enterprise Holdings Bhd has been awarded a work order for the provision of an accommodation work barge from PETRONAS Carigali Sdn Bhd.
Paramount Corp Bhd has no plan to acquire additional F&B businesses after the acquisition of a 28% stake in Singapore-listed Envictus International Holdings Ltd, said group chief executive officer Jeffrey Chew Sun Teong.
Samaiden Group Bhd , through its subsidiaries, has secured three bio-energy project awards under the Sustainable Energy Development Authority Malaysia's 2025 e-bidding mechanism.
S P Setia Bhd recently held a groundbreaking ceremony for its Setia Garden Residences project at EcoXuan in Ho Chi Minh City, Vietnam.
MMM Group Bhd (formerly Asia Media Group Bhd ) said trading in its shares will be suspended from Aug 7, after Bursa Malaysia Securities rejected its proposed regularisation plan.
PT Bank CIMB Niaga Tbk, 92.5%-owned by CIMB Group Holdings Bhd , reported a 4.6% drop in 2QFY2025 net profit to 1.7tn rupiah (RM431.2mn), impacted by an 8.2% rise in interest expenses.
Axis Real Estate Investment Trust will distribute RM8.8mn in net disposal gains from The Annex over three quarters, totalling 0.4 sen per unit and for 2QFY2025, it declared a dividend of 2.7 sen driven by a 20.5% rise in net income to RM47mn.
Pantech Group Holdings Bhd reported a 1QFY2026 net profit of RM10.9mn, down over 50% from RM26.3mn a year earlier, due to weaker trading and manufacturing contributions, and a 13.7% revenue decline to RM220.7mn.
Destini Bhd posted an RM8.4mn net profit in 4QFY2025, reversing a RM97.2mn loss, with revenue tripling to RM90.3mn, and expects double-digit earnings growth in FY2026.
Ecofirst Consolidated Bhd 's 4QFY2025 net profit fell 66.5% to RM14mn due to lower fair value gains and higher costs, despite an 88.3% revenue surge to RM159.6mn from its KL48 project progress.
