Trading ideas: Exsim Hospitality, Kerjaya, PetChem, BMS, G3, GFM, Kelington, NuEnergy, PDZ, Tan Chong, Batu Kawan, M&A Equity, Techna-X, United Asiapac, Yes Group


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

Exsim Hospitality Bhd has secured a RM42.5mn subcontract from Taghill Projects Sdn Bhd for building services and general building works.

Kerjaya Prospek Group Bhd said its wholly owned subsidiary, Kerjaya Prospek (M) Sdn Bhd, has secured a RM37.8mn contract from Persada Mentari Sdn Bhd for piling and substructure works for a 38-storey affordable housing apartment block in Bandar Tanjung Pinang, Penang.

Petronas Chemicals Group Bhd rose to a three-month high amid a broader rally in petrochemical refiners as Brent crude surpassed USD100/barrel and WTI rose to USD103/bbl amid renewed Middle East tensions, raising expectations of higher petrochemical prices and spreads.

BMS Holdings Bhd has entered into a letter of intent with the shareholders of Wee Tatt Traders Sdn Bhd to establish a joint venture company for the distribution and supply of tiles, building materials and related products.

G3 Global Bhd has secured RM3.4mn worth of purchase orders from Binery Sdn Bhd for the development of four modules under an IT immigration project.

GFM Services Bhd has secured an additional RM37.4mn release order for major turnaround works at the Pengerang Integrated Complex in Johor, raising the total contract value to RM104.2mn from RM66.8mn.

Kelington Group Bhd has secured a provisional RM1.83bn contract to provide turnkey total facility tool hookup services for a semiconductor wafer fabrication facility in Gujarat, India, marking its largest contract win to date.

NuEnergy Holdings Bhd said its wholly owned subsidiary, IL Energy Sdn Bhd, will invest RM48.8mn to acquire and retain ownership of solar PV systems across 49 rooftop sites at a government agency's premises.

PDZ Holdings Bhd has proposed a capital reduction exercise to cancel RM65.4mn of its issued share capital to offset accumulated losses.

Tan Chong Motor Holdings Bhd has signed a three-year agreement with Perodua to support its battery electric vehicle project in Serendah.

Batu Kawan Bhd has extended the closing date of its mandatory takeover offer for MKH Bhd by three weeks to Oct 8, 2026 from Sept 17, 2026.

M&A Equity Holdings Bhd said its asset management unit's chief executive officer, Sean Yap Shon Leong, has been placed on administrative leave with effect from Sept 8, 2026 until further notice.

Techna-X Bhd said deputy chairman and executive director Tunku Kamariah Aminah Maimunah Iskandariah Sultan Iskandar has resigned with immediate effect due to personal commitments.

United Asiapac Energy Bhd ended its ACE Market debut at 31 sen, down 11.4% from its 35 sen IPO price, after hitting an intraday low of 29.5 sen, with 40.8mn shares traded.

Yes Group Management Bhd has received Bursa Malaysia Securities Bhd's approval for its listing on the ACE Market.

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