KUALA LUMPUR: Mah Sing Group Bhd
, Genting Bhd, Axis Real Estate Investment Trust (Axis REIT), IGB Real Estate Investment Trust (REIT), Pintaras Jaya Bhd, Barakah Offshore Petroleum Bhd and PGF Capital Bhd are among the stocks to watch on Tuesday.
Mah Sing has signed a second collaboration agreement with Bridge Data Centres (BDC), backed by Bain Capital, to expand the development at Mah Sing DC Hub@Southville City.
It said the site covers approximately 36 acres and is set to provide a power capacity of 200 megawatts (MW), further reinforcing the hub’s significance in Malaysia’s digital infrastructure.
Genting’s 95%-owned subsidiary, PT Layar Nusantara Gas, has signed a definitive agreement worth US$182.9mil with China National Machinery Import & Export Corporation and Shandong Kerui Energy Development Co. Ltd. for its floating liquefied natural gas project in West Papua, Indonesia.
Axis REIT net trust income fell to RM37.77mil in the third quarter ended Sept 30, 2024, from RM42.5mil in the same period a year earlier, influenced by a RM4.7mil unrealised fair value loss on derivatives.
IGB REIT’s net profit tumbled to RM79.58mil in the third quarter ended Sept 30 (3Q24) from RM250.75mil in the previous corresponding quarter. Guarterly revenue by 3.7% year-on-year (y-o-y) to RM155.27mil.
Pintaras Jaya has proposed to acquire 11 pieces of freehold land in Klang, Selangor for RM23mil.
Barakah has proposed the disposal of the Kota Laksamana 101 Barge to PT Wintermar Rajawali Asia for US$9.7mil cash.
PGF’s 2Q25 net profit more than doubled to RM7mil from RM2.9mil a year ago, primarily attributed to its insulation segment, driven by strong demand from the Oceania market.
Overnight, the S&P 500 gained 0.27% to 5,823.52, while the Nasdaq Composite gained 0.26% to 18,567.19. The Dow Jones Industrial Average rose 0.65% to 42,387.57
