3 days ago
Trading ideas: Genting Plantaitons, UMediC, NUEnergy, FGV, Agmo, EPB, Asian Pac, Southern Score, AMMB, CelcomDigi, 99 Speed Mart, Ranhill, LPI, MGB
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Genting Plantations Bhd has proposed to undertake a joint venture (JV) with Shouguang Vegetable Science and Technology Sdn Bhd to develop approximately 70 acres of land in Kulai, Johor as a centre of excellence in tropical vegetable crops.
UMediC Group Bhd has increased its manufacturing capacity by doubling it with the unveiling of its expansion at Batu Kawan Industrial Park, Penang.
NuEnergy Holdings Bhd , formerly ILB Group Bhd , has received a conditional voluntary takeover offer from its single largest shareholder, fertiliser group Agrobulk Holdings Sdn Bhd, for the company's remaining shares, at RM0.60 a share.
FGV Holdings Bhd will be suspended from trading on Bursa Malaysia's Main Market at 9am on Aug 25, marking the final step towards its privatisation following the Federal Land Development Authority's successful takeover bid.
Agmo Holdings Bhd , which has been listed on Bursa Malaysia's ACE Market since August 2022, proposed to transfer its listing to the Main Market.
EPB Group Bhd has incorporated a new subsidiary, AI Medic Device Equipment Supplies Sdn Bhd, to enhance offerings and venture into AI-powered healthcare equipment and services.
Asian Pac Holdings Bhd is acquiring a property development firm from Salcon Bhd for RM42mn in cash, in a move to strengthen its presence in the Klang Valley.
Southern Score Builders Bhd has accepted a letter of award from Sunway Construction Sdn Bhd to undertake a subcontract project described as for supply, installation, testing and commissioning of electrical, telco and security underground infra works worth RM19.3mn.
AMMB Holdings Bhd posted 3% earnings increase to RM516mn in the 1QFY26 driven by strong income growth.
CelcomDigi Bhd posted an 8.1% YoY rise in net profit to RM438.9mn for the 2QFY25 fuelled by lower operating costs.
99 Speed Mart Retail Holdings Bhd 's net profit jumped 22% YoY to RM153mn in the 2QFY25, supported by its growing outlet network and stronger transaction volumes.
Ranhill Utilities Bhd 's net profit for the three months ended June 30, 2025, doubled QoQ to RM17.8mn from RM6.9mn in the immediate preceding quarter, thanks to its water business.
LPI Capital Bhd net profit rose 6.7% YoY to RM83.2mn in 2QFY25 driven by a higher contribution from the general insurance segment.
MGB Bhd 's net profit for 2QFY25 fell 21.6% YoY to RM11.9mn from RM15.2mn in 2QFY24, as more projects were completed and delivered.
