KUALA LUMPUR: There could be increased investor attention in companies with recent corporate announcements including CTOS, MAHB, Bursa Malaysia, GDB, Minetech, Kimlun, Lambo, Mah Sing and UMW, said Apex Securities Research.
CTOS Digital Bhd
saw its net profit surge fourfold to RM56.28 million for the fourth quarter ended Dec 31, 2023 (4QFY2023), from RM14 million in the previous year’s corresponding quarter, largely due to the recognition of a tax credit and higher revenue.
Malaysia Airports Holdings Bhd’s (MAHB) said its total passenger movement surpassed the 100 million mark in 2023 — marking the first time since 2020 — at 120 million passengers.
Bursa Malaysia Bhd reported a 21.5% year-on-year growth in net profit for the fourth quarter ended Dec 31, 2023 (4QFY2023), driven by trading revenue from the securities market amid higher average daily trading value (ADV).
Construction services firm GDB Holdings Bhd has clinched a RM306 million project to develop a private hospital at Bukit Jalil, Kuala Lumpur.
Minetech Resources Bhd has secured a contract extension worth RM230 million for waste removal, ore deliveries and associated works for the Selinsing Gold Mine project in Pahang.
Kimlun Corp Bhd has secured a construction project in Johor Bahru, worth RM133.6 million, from Sunway Parkview Sdn Bhd, the 60%-owned subsidiary of Sunway Bhd.
Lambo Group Bhd's auditor Messrs ChengCo PLT expressed a qualified opinion on its audited financial statements for the financial year ended Sept 30, 2023 (FY2023).
Mah Sing Group Bhd plans to purchase 185 acres of land in Sepang for RM100.72 million as it looks to develop an industrial development called the Mah Sing Business Park, with an estimated gross development value of RM728 million.
Shares of UMW Holdings Bhd will be suspended by Bursa Securities on Feb 9, 2024, following the expiry of five market days from the extended closing date of the takeover offer by Sime Darby Bhd on Jan 31.
