Trading ideas: Skyworld, Top Glove, EP, PetChem, PetGas, CSC, MISC, Sports Toto, Malakoff, Paramount, LBS, Kopi, Parkson

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

Skyworld Development Bhd remains on course to fulfill its target of launching projects with a cumulative GDV of RM4.6bn by 2026, according to CEO Lee Chee Seng.

Top Glove Corp Bhd's unit, TG Treasury Bhd, has issued a five-year senior sukuk wakalah worth RM800mn. Rated AA-IS (CG) by MARC Ratings Bhd, the sukuk attracted strong investor interest, with an oversubscription rate of 3.32 times and an order book totaling RM2.65bn.

EP Manufacturing Bhd has entered into two joint ventures with Sanly China and Jujin China to localize production of key automotive components for the Proton Saga MC3.

Petronas Chemicals Group Bhd returned to profitability in 4QFY24, posting a net profit of RM519mn, aided by forex gains, reversing its first-ever quarterly loss from the prior quarter.

Petronas Gas Bhd’s net profit declined 5.6% QoQ in 4QFY24 to RM417.03mn, from RM441.6mn, due to increased expenses from pipeline and regasification terminal maintenance, coupled with rising gas costs.

CSC Steel Holdings Bhd's net profit rose 8.2% YoY to RM11.4mn in 4QFY24, from RM10.5mn a year ago, benefiting from favorable exchange rate movements that reduced cost of sales.

MISC Bhd slipped into the red for the first time in over two years, recording a net loss of RM446.2mn in 4QFY24, impacted by RM735.5mn in impairment provisions and lower revenue.

Sports Toto Bhd more than doubled its net profit in 2QFY25 to RM49.7mn, from RM24.2mn a year ago, supported by the strong performance of STM Lottery Sdn Bhd and HR Owen plc.

Malakoff Corp Bhd returned to profitability in 4QFY24 with a net profit of RM26.03mn, rebounding from a RM357.1mn net loss a year earlier, mainly due to the absence of losses from its Bahrain investment.

Paramount Corp Bhd has raised its FY25 sales target to RM1.5bn, up from RM1.4bn in FY24. The developer cited support from RM1.4bn in planned launches spanning eight projects, including new phases of existing developments.

LBS Bina Group Bhd recorded an 11-year high in PATMI from continuing operations, reporting RM240.2mn. For FY24, PATMI surged 63.5% YoY from RM146.9mn, driven by strategic portfolio realignments and optimisation efforts.

Oriental Kopi Holdings Bhd reported a net profit of RM13.1mn for the first quarter ended Dec 31, 2024. The company posted a quarterly revenue of RM97.8mn, primarily driven by its café chain operations.

Parkson Holdings Bhd saw its net loss widen to RM127.7mn in 4QFY24, from RM61.4mn a year ago, weighed down by a RM190.2mn impairment loss on assets, mainly related to underperforming stores in China.