KUALA LUMPUR: Recent orporate announcements could spur trading interest in YTL REIT, KLCCP, Carlsberg, MNRB, Rexit, One Glove, Ranhill, PLB, ITMAX, Econpile and Steel Hawk, said Apex Securities Research.
YTL Real Estate Investment Trust (YTL REIT) is acquiring Syuen Hotel in Ipoh, Perak from Syuen Hotel Bhd for RM55mil.
KLCCP Stapled Group’s net profit rose 37.6% to RM384.59 million for the fourth quarter ended Dec 31, 2023, from RM279.47 million a year ago, primarily contributed by improvement in the hotel and retail segments, while the office segment remained stable.
Carlsberg Brewery Malaysia Bhd
’s net profit for 4QFY2023 rose 39.75% to RM84.02 million from RM60.12 million a year ago, in the absence of the one-off loss recorded from the disposal of its old bottling line and prosperity tax, as well as recognition of deferred tax income.
MNRB Holdings Bhd’s net profit for its third quarter ended Dec 31, 2023 surged 47.36% to RM84.61 million or 10.8 sen per share, from RM57.42 million or 7.33 sen per share a year ago, driven by higher revenue from its insurance and takaful segment.
Rexit Bhd’s new substantial shareholders — Datuk Seow Gim Shen, Metaco Assets Holdings Sdn Bhd and Bemas Holdings Sdn Bhd have extended a formal unconditional mandatory takeover offer to acquire all the remaining ordinary shares in the company at 85 sen per share.
One Glove Group Bhd plans to implement an internal reorganisation of its glove business to focus solely on its existing glove factory in Kamunting, Perak.
Ranhill Utilities Bhd has achieved commercial operation date of its 50MW large scale solar project under the 2021 awards (LSS4).
PLB Engineering Bhd has entered into a deal to sell a vacant piece of land in Bandar Tanjung Bungah, Penang, measuring 1,922 square metres, from Victorious Triumphant Sdn Bhd for RM11.5 million.
Kuala Lumpur City Hall (DBKL) has expanded the scope of ITMax System Bhd’s contract to install and maintain the networked street lighting systems in Kuala Lumpur by RM47.2 million.
Econpile Holdings Bhd has secured a RM30 million contract from Chingsan Development Sdn Bhd to undertake substructure works for a 15-storey office building in Shah Alam.
Steel Hawk Bhd has secured a one-year contract extension from E&P O&M Services Sdn Bhd (EPOMS) for the provision of scaffolding services for EPOMS' operations in Peninsular Malaysia to Feb 9, 2025.
