Trading ideas: Lagenda, SkyWorld, Fajarbaru, Mitrajaya, Vizione, Epicon, Sentoria, IHH, Axiata, RHB, PetGas, TIME, Hap Seng, PetChem

KUALA LUMPUR: Here are the corporate announcements that made headlines.

Lagenda Properties Bhd said one of its senior personnel was remanded by the Malaysian Anti-Corruption Commission under an investigation into the subdivision of Malay reserve land in Manjung, Perak.

Skyworld Development Bhd has embarked on a partnership with Alliance Bank Malaysia Bhd to provide additional financing of up to RM150,000 to homebuyers via the Alliance Bank’s Home Complete product.

Fajarbaru Builder Group Bhd has bagged an additional contract worth RM15.7mn from the Australian Department of Defence.

Mitrajaya Holdings Bhd has bagged a works contract worth RM86.6mn from Lendlease Projects (M) Sdn Bhd for the foundation works of the NEXTDC KL1data centre project in Petaling Jaya.

Vizione Holdings Bhd has bagged a RM250.0mn contract to construct apartments in Semenyih, Selangor, in a related-party transaction.

Epicon Bhd, formerly known as Konsortium Transnasional Bhd, said it has been notified by its major shareholder that one of its members is currently assisting a Malaysia Anti-Corruption Commission probe in his own personal capacity.

Sentoria Group Bhd has suspended its group chief executive officer Datuk Loh Yuen Tuck from his duties with immediate effect, due to alleged misconduct.

IHH Healthcare Bhd 1QFY24 net profit shrank 45.0% YoY to, as earnings in the preceding year’s corresponding quarter were boosted by disposal gains.

Axiata Group Bhd 1QFY24 net profit fell 19.0% YoY to RM60.0mn mainly due to higher foreign exchange losses and finance costs.

RHB Bank Bhd net profit slipped 4.1% YoY to RM730.2mn in the 1QFY24 on higher provisions and operating expenses.

Petronas Gas Bhd 1QFY24 net profit rose 7.7% YoY to RM456.6mn, as lower input prices offset a decline in revenue.

TIME Dotcom Bhd’s net profit slipped 3.4% YoY to RM110.7mn in 1QFY24, driven by higher personnel costs, depreciation for property, plant and equipment as well as lower net foreign exchange gain.

Hap Seng Consolidated Bhd net profit rose more than 2-fold YoY to RM137.3mn in the 1QFY24, thanks to lower fertiliser costs boosting its plantation earnings, coupled with gains from land sales.

Petronas Chemicals Group Bhd 1QFY24 net profit rose 26.0% YoY to RM668.0mn, thanks to foreign exchange gain, as well as on lower energy and utilities costs.

Genting Plantations Bhd 1QFY24 net profit climbed 10.4% YoY to RM42.8mn on higher palm product prices, which offset the impact of lower sales volume in the downstream manufacturing segment.

IJM Corporation Bhd net profit for the 4QFY24 leapt over 10-fold to RM305.5mn, thanks to a sharp rise in other operating income.

Capital A Bhd posted a net loss of RM91.6mn in contrast to a net profit of RM57.1mn in the same period last year,

Farm Fresh Bhd 4QFY24 net profit rose more than 3-fold to RM23.9mn due to higher Horeca and ultra-high treatment product sales, positive impact of the launching of new products, and revenue contributions from newly acquired companies.

Kerjaya Prospek Group Bhd net profit for the 1QFY24 grew 14.0% YoY to RM33.6mn on the back of a 13.0% YoY rise in revenue to RM337.1mn.

Paramount Corporation Bhd net profit for 1QFY24 fell 33.4% YoY to RM7.7mn as its property segment was hit by lower work progress and sales.

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