Trading ideas: IAB, CPE, Fibromat, Lagenda, PA Resources, Paragon, Sin-Kung, Tanco, TSR, CN Asia, Pensonic, Foodie, Stratus


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

Insights Analytics Bhd said its wholly owned subsidiary, Insights Analytics Technologies Sdn Bhd, has secured a RM4.3mn contract from Sarawak Information Systems Sdn Bhd to provide maintenance and support services for the Intelli Water System.

CPE Technology Bhd has entered into a joint venture with Japan's Kanekita Co Ltd to manufacture high-value stainless steel semiconductor components.

Fibromat (M) Bhd has secured a RM140.0mn subcontract from Hexatrend Sdn Bhd to construct the Limpaku Pinang access road in Sarawak's Limbang Division.

Lagenda Properties Bhd and Epicon Bhd have proposed a RM543.2mn transaction under which Epicon will acquire a 60.0% stake in Lagenda's construction subsidiaries, Rantau Urusan (M) Sdn Bhd and LPB Construction Sdn Bhd.

P.A. Resources Bhd has renewed its supply agreement worth RM1.31bn with First Solar Inc, First Solar Malaysia Sdn Bhd and First Solar Vietnam Manufacturing Co Ltd for the supply of aluminium extrusion profiles used in photovoltaic modules.

Paragon Globe Bhd has proposed to acquire an additional 195.6 acres of freehold industrial land in Sedenak, Johor, for RM127.3mn cash.

Sin-Kung Logistics Bhd has entered into a memorandum of understanding with Airport Authority Hong Kong to collaborate on regional air cargo opportunities and strengthen cross-border logistics connectivity.

Tanco Holdings Bhd has commenced construction of its Smart AI Container Port in Pasir Panjang, Port Dickson.

TSR Capital Bhd has secured a RM130.0mn contract to widen a section of the Kuala Lumpur-Karak Highway.

CN Asia Corporation Bhd said its external auditor, Messrs SBY Partners PLT, has resigned with immediate effect on a voluntary basis due to constraints on the number of partners permitted within the firm.

Pensonic Holdings Bhd said its largest shareholder, Sphere Corp Sdn Bhd, has requisitioned an extraordinary general meeting to seek the removal of Datuk Dixon Chew Chuon Jin as director and group chief executive officer.

Foodie Media Bhd reported a net profit of RM4.2mn for 3QFY26 on revenue of RM13.9mn, supported by contributions from its content and creator businesses.

Stratus Global Holdings Bhd said the public portion of its Main Market IPO was oversubscribed by 128.8 times. 

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