Trading ideas: Sime Darby, Duopharma, Samaiden, AIZO, Rohas, Dayang, Bursa Malaysia, Nestle, F&N, Oriental

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

Sime Darby Property Bhd, in collaboration with Tenaga Nasional Bhd, has become the first company to harness the power of solar energy under the country's National Energy Transition Roadmap via community renewable energy aggregation mechanism initiative.

Duopharma Biotech Bhd, in which Permodalan Nasional Bhd holds a 44.1% stake, has secured another government supply contract worth RM1.8mn from a unit of Pharmaniaga Bhd.

Samaiden Group Bhd has collaborated with Tan Boon Ming Sdn Bhd to promote and deploy solar photovoltaic systems and smart energy solutions across Malaysia.

AIZO Group Bhd, via its 63%-owned subsidiary, Wawasan Demi Sdn Bhd, has formalised its power purchase agreement with Tenaga Nasional Bhd for the development of a 99.99 MWac large scale solar photovoltaic facility in Kampar, Perak.

Rohas Technic Bhd has firmed up the disposal of its 30% stake in Vietnam-based Phu My Vinh Construction and Investment Corp for 500.8bn dong (RM84.6mn) in cash.

The three new major offshore topside maintenance contracts awarded to Dayang Enterprise Holdings Bhd by oil majors recently are worth an estimated RM4bn, says group managing director Tengku Datuk Yusof Tengku Ahmad Shahruddin.

Bursa Malaysia Bhd's net profit dropped nearly 9% to RM68.4mn in the 1QFY25 as securities trading activities fell.

Nestlé (M) Bhd’s net profit for the 1QFY25 dropped 17.5% to RM161.3mn on higher input costs and marketing expenses, with largely flat revenue.

Fraser & Neave Holdings Bhd's net profit fell by 15% to RM140mn in 2QFY25 due to higher income tax expenses in its operations in Indochina.

Oriental Interest Bhd's net profit rose 159.9% to RM22.3mn for its 2QFY25, from RM8.6mn a year earlier, on the back of higher revenue fuelled by strong performance in the property development segment.

Reach Ten Holdings Bhd's net profit surged to an all-time high of RM70.6mn from RM51.3mn in FY23, due to higher gross profit and margin, while revenue dipped to RM170.9mn from RM182.3mn in the previous year.