Trading ideas: Willowglen, Omesty, Solarvest, Datasonic, KJTS, Bursa, FM Global, SunCon. AMMB, PetDag, YTL, Kossan, Inari, MYEG

KUALA LUMPUR: Here are the announcements that made headlines in Corporate Malaysia.

Willowglen MSC Bhd’s wholly owned unit, Willowglen Services Pte Ltd, has secured an RM8.27mn contract from ST Engineering Urban Solutions Ltd in Singapore to supply Universal Interrogator for the Development of Structural Health Monitoring Systems.

Omesty Bhd’s associate, Formis Network Services Sdn Bhd has been awarded the e-Courts Phase 3 Project contract by the Prime Minister’s Department’s Legal Affairs Division, valued at RM70.5mn.

Solarvest Holdings Bhd anticipates stronger financial results in the upcoming quarter as it progresses toward its target profit gains.

Datasonic Group Bhd’s shareholders have approved the company’s proposal to rebrand as NexG Bhd at an extraordinary general meeting yesterday.

KJTS Group Bhd’s subsidiary, KJ Technical Services Sdn Bhd, has formed a joint venture with iHandal Holdings Sdn Bhd to serve as the primary business development and profit centre, focusing on securing and executing projects aligned with sustainable energy growth objectives.

Bursa Malaysia Securities has suspended short selling of Autocount Dotcom Bhd for the rest of the day after its share price dropped more than 15%.

FM Global Logistics Holdings Bhd has strengthened its ESG commitment through partnerships with Scania Malaysia Sdn Bhd, Solarvest Energy Sdn Bhd, and JAC Motors Malaysia Sdn Bhd.

Sunway Construction Group Bhd declared record dividend, on the back of record earnings for FY24 of RM186.9mn, surpassing FY23’s RM145.1mn.

AMMB Holdings Bhd posted a 10.5% YoY drop in net profit to RM486mn for 3QFY25 from RM543mn, as higher operating expenses and weaker Islamic banking earnings offset stronger net interest income.

Petronas Dagangan Bhd net profit for 4QFY24 rose 37.7% YoY to RM249.1mn from RM180.8mn, despite a 10.7% decline in revenue to RM9bn from RM10.1bn.

YTL Corporation Bhd’s net profit surged 57% to RM1.02bn for 2QFY24, compared with RM650mn in the preceding quarter. Revenue rose 4% YoY to RM8.06bn from RM7.77bn.

Kossan Rubber Industries Bhd’s net profit surged to RM27.7mn in 4QFY24 from RM806,000 a year earlier, driven by the absence of a one-off impairment that had impacted 4QFY23.

Inari Amertron Bhd’s net profit for 2QFY25 rose to RM89.97mn from RM86.81mn a year ago, though revenue declined 15.7% YoY to RM348.97mn from RM414.08mn.

MyEG Services Bhd delivered a record-breaking performance in FY24, surpassing RM1bn in revenue for the first time.