Trading ideas: IJM , Ann Joo, Unisem, Alliance, GDB, Infomina, PJBumi, Theta, Hiap Huat, ICT Zone Asia

KUALA LUMPUR: Here is a recap of the announcements that made headlines on Corporate Malaysia.

IJM Corporation Bhd has clinched two contracts totalling RM962.3mn for a logistics hub and a semiconductor facility.

Ann Joo Resources Bhd and partner PT Lumintu Insan Mandiri, secured a RM297.9mn contract for the design and construction of electrification works for the East Coast Rail Link feeder stations.

Unisem (M) Bhd has proposed to acquire 38 plots of vacant land covering a total area of 1.9mn square feet in in Kinta, Perak for RM30.1mn cash.

Alliance Bank Malaysia Bhd said it has allocated RM1.0bn of green receivables financing for small and medium enterprises participating in a newly-launched Centralised Sustainability Intelligence by Bursa Malaysia Bhd.

GDB Holdings Bhd has secured a RM865.7mn contract to construct a logistics hub in Seksyen 15, Shah Alam, Selangor.

Infomina Bhd has secured an order worth USD11.4mn (RM53.6mn) from a bank in Thailand for IT support services.

PJBumi Bhd has bagged a two-year MyDigital ID physical onboarding job from Malaysia's digital identification developer MIMOS Bhd ahead of first phase deployment in July.

Theta Edge Bhd said it will receive RM1.3mn from Institut Jantung Negara as settlement of a dispute over the termination of a hospital information management system and electronic medical record contract.

Hiap Huat Holdings Bhd's 60.0%-owned subsidiary KL Bunkering (M) Sdn Bhd has entered into a collaboration agreement with Qastalani Sdn Bhd to build a RM100.0mn liquid bulk storage terminal at West Port, Port Klang over a five-year period.

Shareholders of ICT Zone Asia Bhd have voted in favour of withdrawing the group’s listing from the Leading Entrepreneur Accelerator Platform Market and subsequently listing on the ACE Market of Bursa Malaysia.

YBS International Bhd will assemble lithium-ion batteries for US-based lithium battery-producing giant Enovix from 3Q2024, which will help the group return to profitability in FY25.

Lembaga Tabung Angkatan Tentera has ceased to be a substantial shareholder of OCK Group Bhd after offloading an 8.9% stake in the telecommunications infrastructure and services provider.

Seah Heng Chin and Datuk Samsuri Rahmat are no longer substantial shareholders of water and sewerage pipe maker YLI Corporation Bhd.

UUE Holdings Bhd, en route to a listing on the ACE Market of Bursa Malaysia on July 2, has received an overwhelming response for its initial public offering, with an oversubscription rate of 103.8 times.

Scientex Bhd's net profit for 3QFY24 rose 18.9% YoY to RM130.5mn from RM109.8mn previously, thanks to higher revenue.

MyNews Holdings Bhd posted a net profit of RM1.7mn for 2QFY24 against a net loss of RM6.3mn a year ago, thanks to higher share of profit from its joint venture company and improved profit margin.

Marine & General Bhd’s net profit fell 41.5% YoY to RM19.5mn in 4QFY24, from RM33.3mn a year before, due to higher vessel repairs incurred and a lower net reversal of vessel impairment.

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