Trading ideas: IOIPG, Binastra, Sunway, IJM, CelcomDigi, Nestle, Southern Cable, Oasis, SBS, Kee Ming, F&N, AME REIT


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

IOI Properties Group Bhd said it has signed an agreement to sell 136 acres of land at its industrial park in Banting, Selangor, to Bridge Data Centres Malaysia VII Sdn Bhd for RM740.7mn.

Binastra Corporation Bhd has secured a RM503.0mn contract from Exsim Sri Permai Sdn Bhd for a proposed data centre development at Jalan Sri Permasuri, Kuala Lumpur.

According to Deputy Prime Minister Datuk Seri Fadillah Yusof, Permodalan Nasional Bhd will assess Sunway Bhd’s voluntary general offer for IJM Corporation Bhd based on commercial considerations and the decision to accept or reject the offer will be made independently.

CelcomDigi Bhd has partnered with Google Firebase and Telenor Linx to enhance secure Application Programming Interface-as-a-Service capabilities using telco-grade network intelligence.

Nestlé (Malaysia) Bhd has partnered with Universiti Putra Malaysia to introduce a Halal@STEM learning programme for secondary school students.

Southern Cable Group Bhd has secured additional orders worth RM121.1mn from Tenaga Nasional Bhd to supply underground power cables and conductors.

Oasis Harvest Corporation Bhd confirmed that celebrity chef Datuk Dr Redzuawan Ismail will retain a 20% equity stake and full creative control of Metta Food & Lifestyle Sdn Bhd.

SBS Nexus Bhd has entered into a MoU with the National Cancer Society of Malaysia to formalise a corporate social responsibility–focused strategic collaboration in support of the Lung Shield Programme.

Kee Ming Group Bhd said the public portion of its initial public offering was oversubscribed by 54.2 times, ahead of its listing on Bursa Malaysia’s ACE Market on Feb 12.

Fraser & Neave Holdings Bhd reported a 33.6% YoY decline in net profit to RM112.2mn in 1QFY26, from RM169.0mn a year earlier, as a weaker US dollar weighed on operating performance, compounded by lower finance income and a higher effective tax rate.

AME Real Estate Investment Trust reported a 23.0% YoY increase in net property income to RM14.4mn for 3QFY26, from RM11.7mn a year earlier, driven by higher rental income from newly acquired properties and positive rental reversions.

 

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