Trading ideas: MAHB, Binastra, Privasia, Capital A, IJM, Mah Sing, MPI, Cape EMS, KGW, Steel Hawk, Pavilion REIT, Carlsberg, Heineken

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

Gateway Development Alliance Sdn Bhd has increased its stake in Malaysia Airports Holdings Bhd to 1.65bn shares, representing a 98.68% ownership, following the closure of its offer.

Binastra Corp Bhd’s wholly-owned subsidiary, Binastra Builders Sdn Bhd, has secured a RM250.37mn contract for a data centre construction project in Cyberjaya, Selangor.

Privasia Technology Bhd has landed a two-year contract worth RM9.2mn from the Ministry of Human Resources to supply ICT equipment under the Industrial Training Department’s workshop modernisation programme.

Capital A Bhd’s aviation unit, AirAsia Aviation Group, transported 63mn passengers in 2024, achieving an 89% load factor reflecting continued strong demand for its services.

IJM Corp Bhd, via its JV company Exio Logistics Sdn Bhd is investing RM460mn in a new logistics hub in Sungai Buloh to support supply chains and e-commerce.

Mah Sing Group Bhd anticipates that its residential property segment, alongside growth in industrial developments and data centres will drive earnings in 2025.

Malaysian Pacific Industries Bhd is selling two parcels of leasehold land in Bayan Lepas, Penang, for RM140mn in cash.

Cape EMS Bhd views its expansion into the renewable energy sector as a key growth catalyst.

KGW Group Bhd has taken a significant step toward expanding its global logistics capabilities through a strategic partnership with US-based Accelerated Global Solutions Inc that has acquired a 15% equity stake in KGW.

Steel Hawk Bhd’s subsidiary has secured a term contract from PRPC Utilities & Facilities Sdn Bhd to provide manpower for bagging operations at PRPC’s Solid Product Warehouse.

Pavilion Real Estate Investment Trust posted a lower net profit of RM409.92mn for FY2024, compared to RM431.79mn the previous year, primarily due to increased borrowing costs following additional loan drawdowns for investment property acquisitions.

Carlsberg Brewery Malaysia Bhd has proposed a final dividend of 35 sen per share for 4QFY2024, following a net profit of RM78.8mn for the quarter.

Heineken Malaysia Bhd reported a record 4QFY24 net profit of RM140.85mn, up 42.2% YoY supported by a lower tax rate and extended festive sales.