16-05-2025
Trading ideas: Aneka, Fibromat, Aemulus, Bintai, BTM, LBS, Velesto, PJBumi, Dialog, 99 Speed, Samchem, Keyfield, Swift, PBA
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Aneka Jaringan Holdings Bhd secured a RM50.5mn contract through its wholly owned subsidiary Aneka Jaringan Sdn Bhd from Clement Chan Architect for Kuala Lumpur Metro Property Sdn Bhd.
Fibromat (M) Bhd secured a RM283.5mn contract from Casa Hartamas Sdn Bhd via its unit, MTS Fibromat (M) Sdn Bhd, for design and installation works under the Central Spine Road Package 2 and Section 2A in Kelantan.
Aemulus Holdings Bhd , via its wholly-owned unit Aemulus Corporation Sdn Bhd, has secured US$1.1mil (RM4.7mn) in new orders from a new customer in Malaysia's automotive industry.
Bintai Kinden Corp Bhd announced that Tenaga Nasional Bhd has reinstated three contracts that were terminated two years ago.
United Overseas Bank (Malaysia) Bhd has partnered with Bursa Malaysia to help SMEs adopt sustainable practices through its Sustainability Accelerator Programme 2.0.
BTM Resources Bhd has cancelled its proposed 10MW biomass power plant after its financing facilities were withdrawn. It is also considering shelving a second 7MW biomass plant.
LBS Bina Group Bhd has entered into a MoU with Oriental Holdings Bhd to collaborate on a mixed-use industrial development in Klebang, Melaka that carries an estimated gross development value of over RM7bn.
Velesto Energy Bhd was honoured for best recordable incident rate and recordable incident-free operations at the IADC South East Asia Chapter 2024 Safety Awards in Bangkok.
PJBumi Bhd has entered into a master construction agreement with Intlef Oil and Gas Group Co Ltd for the design, construction, and supply of onshore drilling rigs and related equipment.
Dialog Group Bhd saw its 3QFY25 net profit fall 13.6% YoY to RM135.0mn on weaker performances from its Malaysian and international operations.
99 Speed Mart Retail Holdings Bhd posted a 7.5% rise in net profit to RM143.2mn for 1Q25, from RM133.1mn a year earlier.
Samchem Holdings Bhd saw 1QFY25 net profit decline 34.2% YoY to RM4.0mn, as revenue fell 3.5% to RM287.8mn, mainly due to lower average selling prices.
Keyfield International Bhd reported a lower net profit of RM20.68mn for 1Q25, down from RM30.30mn a year earlier, mainly due to reduced vessel revenue.
Swift Haulage Bhd posted a 65.9% YoY decline in 1QFY25 net profit to RM7.2mn, due to the absence of a one-off disposal gain recorded in the same period last year.
PBA Holdings Bhd posted a 36.1% YoY rise in 1QFY25 net profit to RM19.5mn, supported by higher tariffs implemented since February 2024.
