KUALA LUMPUR: Stocks to watch on Thursday include Astro Malaysia Holdings Bhd
, Yinson Holdings Bhd, MN Holdings Bhd, Kumpulan Kitacon Bhd, Favelle Favco Bhd, Hiap Teck Venture Bhd, OCR Group Bhd and Tafi Industries Bhd following their latest news.
Yinson has denied it is in talks over a buyout following reports of a potential RM8bil privatisation deal.
However, its major shareholder, Yinson Legacy Sdn Bhd (YLSB), is exploring potential corporate proposals involving its stake, with no certainty of any transaction.
MN Holdings has secured two contracts valued at RM125.40mil and RM120mil, bringing the total to RM245.40mil.
The contracts involve the construction of two separate consumer landing stations (CLS) for data centres in the southern region of Peninsular Malaysia.
Kumpulan Kitacon’s unit has secured a RM99.28mil contract to build residential units and related facilities in Cyberjaya.
The project, set to start in May 2026 and run for 24 months, is expected to contribute positively to earnings going forward.
Favelle Favco’s subsidiaries have secured RM42.6mil in contracts to supply tower and offshore cranes, with deliveries scheduled between the first and second quarters of 2027.
Hiap Teck’s second quarter ended Jan 31, 2026, net profit more than tripled to RM68.8mil on stronger joint venture contribution, while revenue rose 14.1% to RM397.4mil.
For the first half, net profit more than doubled to RM112.3mil as revenue increased 4.21% to RM781.6mil.
OCR has entered into a heads of agreement (HOA) to acquire a 49% stake in Chester Properties via the issuance of new shares at 4.1 sen each, aimed at strengthening its market reach and buyer acquisition capabilities.
Tafi Industries is proposing to diversify its trading segment to include standalone building materials contracts as part of its strategic shift.
The move aims to expand revenue streams and optimise its business profile following the exit from loss-making furniture manufacturing.
