Trading ideas: Kerjaya Prospek, Powerwell, Taghill, Mycron, OSK, Tanco, IJM, PetChem, Country Heights, Poh Kong, Astro


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

Kerjaya Prospek Group Bhd's unit Kerjaya Prospek (M) Sdn Bhd has secured a RM529.3mn contract from BRDB Developments Sdn Bhd for the construction of a luxury residential project in Taman Duta, Bukit Tunku.

Powerwell Holdings Bhd's wholly-owned subsidiary Kejuruteraan Powerwell Sdn Bhd has secured a RM158.8mn supply contract from a leading international contractor for the delivery of low voltage switchboards for a data centre project in Johor.

Taghill Holdings Bhd's unit Taghill Projects Sdn Bhd has secured a RM133.0mn contract from Exsim MX4 Sdn Bhd to construct and complete the main building and infrastructure works for D’Evia @ Kwasa Damansara (Package 2) in Shah Alam, Selangor.

Mycron Steel Bhd's unit Melewar Steel Tube Sdn Bhd has proposed to acquire an industrial property in Seksyen 15, Shah Alam from its parent Melewar Industrial Group Bhd for RM30.0mn via a conditional sale and purchase agreement.

OSK Holdings Bhd's indirect wholly-owned subsidiary OSK RF Sdn Bhd has received approval from the Ministry of Housing and Local Government for a moneylending licence.

Tanco Holdings Bhd said its business fundamentals remain unaffected despite recent share price volatility that prompted Bursa Malaysia Securities Bhd to issue an Unusual Market Activity query.

IJM Corp Bhd's subsidiary IJM Land Bhd is collaborating with MRT Corp Sdn Bhd to jointly develop The Linque, a transit-oriented development adjacent to the MRT Cochrane station in Cheras, Kuala Lumpur.

Petronas Chemicals Group Bhd's IDSS was suspended after its share price fell to a three-month low on profit booking following news of the US-Iran peace deal.

Country Heights Holdings Bhd is searching for a new CEO after Mohd Rizal Zubair resigned barely two months into the role to pursue personal interests.

Poh Kong Holdings Bhd net profit for 3QFY26 rose to RM70.0mn from RM47.6mn in the same period a year ago.

Astro Malaysia Holdings Bhd’s net profit plunged 88.0% YoY to RM1.6mn , mainly due to lower subscription income and higher net financing costs.

 

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