Trading ideas: Gamuda, PT Resources, Eduspec, KJTS, Theta Edge, Destini, Topmix and VS Industry

KUALA LUMPUR: Companies that made corporate announcements include Gamuda, PT Resources, Eduspec, KJTS, Theta Edge, Destini, Topmix and VS Industry

Gamuda Bhd’s net profit rose 7.29% to RM208.8 million in the second quarter ended Jan 31, 2024 (2QFY2024) from RM194.62 million a year earlier, on the back of higher revenue from its overseas projects.

Frozen seafood supplier PT Resources Holdings Bhd reported a net profit of RM14.56 million for its latest quarter, over seven times the RM1.97 million it made a year earlier, as revenue increased amid higher domestic and overseas demand.

Eduspec Holdings Bhd has secured a RM30 million contract from electronic manufacturing services (EMS) provider EG Industries Bhd to provide testing services for EG Industries’ 5G optical modules and other related components.

Building support services provider KJTS Group Bhd through its subsidiary ETC Cleaning Services Sdn Bhd has secured housekeeping service and floor polishing jobs at six different manufacturing plants located in Penang.

Theta Edge Bhd said it has teamed up with India-based power transmission giant KEC International Ltd to bid for Tenaga Nasional Bhd’s (TNB) future grid projects.

Integrated engineering solutions provider Destini Bhd has proposed to consolidate every 10 existing shares held by its shareholders into one share on an entitlement date to be determined later.

Total surface decorative products company Topmix Bhd began taking orders from investors for its initial public offering (IPO) on the ACE Market that would raise up to RM25.6 million.

A reduction in orders from key customers in Malaysia, China and Indonesia continued to weigh on the earnings of electronic manufacturing services (EMS) provider VS Industry Bhd as its net profit for the second financial quarter ended Jan 31, 2024 (2QFY2024) almost halved from the previous corresponding quarter.