Trading ideas: Nestcon, Solarvest, Rohas, Bintai, Dayang, Gas, Symphony, Matrix, Cuckoo, Gamuda, United Malacca, Kim Loong, Glomac, Marine & General, MyNews

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

Nestcon Bhd has secured a construction contract worth RM228.3mn from Paramount Property (Cityview) Sdn Bhd.

Solarvest Holdings Bhd has secured a RM 103.1mn contract to develop a solar photovoltaic power plant in Penang.

Rohas Tecnic Bhd has accepted a letter of intent from Tenaga Nasional Bhd for the provision of engineering, procurement, construction and commissioning services worth RM92.8mn.

Bintai Kinden Corporation Bhd has secured a contract worth RM27.2mn from Teladan Group Bhd for the construction and completion of six blocks of shop offices at Bukit Intan, Seremban, Negeri Sembilan.

Dayang Enterprise Holdings Bhd has bagged two contracts for the provision of one accommodation workboat each from Hibiscus Oil & Gas Malaysia Ltd and SEA Hibiscus Sdn Bhd.

Gas Malaysia Bhd has extended a RM6.5mn cash advance to Gas Malaysia Energy Advance Sdn Bhd, a 66:34 joint-venture between the group and Tokyo Gas Engineering Solutions Corp.

Symphony Life Bhd has appointed Datuk Kenneth Vun as its new managing director effective immediately.

Matrix Concepts Holdings Bhd has announced the resignation of its group managing director, Ho Kong Soon, effective April 1 to pursue personal endeavours.

Main Market-bound Cuckoo International (Mal) Bhd aims to raise RM184.8mn from its IPO that entails the issuance of 143.3mn new shares at an issue price of RM1.29/share.

Gamuda Bhd’s net profit for 2QFY25 rose 4.8% YoY to RM218.9mn from RM208.8mn a year ago, driven by higher contribution from domestic construction projects.

United Malacca Bhd’s net profit for 3QFY25 rose 53.0% YoY to RM29.0mn from RM19.0mn a year ago, driven by higher crude palm oil and palm kernel prices.

Kim Loong Resources Bhd’s net profit for 4QFY25 fell 8.5% YoY to RM22.8mn from RM24.9mn a year ago, as lower fresh fruit bunches production and increased operational costs offset the higher revenue.

Glomac Bhd’s net profit in 3QFY25 fell 49.0% YoY to RM1.9mn from RM3.8mn a year ago, due to lower revenue.

Marine & General Bhd’s net profit in 3QFY25 fell 80.0% YoY to RM2.6mn from RM13.3mn a year ago, due to lower vessel utilisation.

MyNews Holdings Bhd’s net profit in 1QFY25 surged 206.0% YoY to RM3.9mn from RM1.3mn a year ago, driven by an increase in store openings and improved in-store sales.