Trading ideas: Gamuda, Maybank, Vizione, Majuperak, TAS, West River, Hi Mobility, Evergreen, HeiTech Padu, Genetec, Tan Chong, Ekovest, MR DIY, Frontken

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

Gamuda Bhd, via its indirect subsidiary Gamuda DC Infrastructure Sdn Bhd, has entered into contracts with Pearl Computing Malaysia Sdn Bhd to dispose of 157.4 hectares of land in Port Dickson, Negeri Sembilan, for RM455.2mn. Subsequently, it will undertake enabling works worth RM1.0bn on the land for Pearl Computing’s data centre development.

Malayan Banking Bhd together with its client ONE KL Management Sdn Bhd, has secured the first pilot single family office establishment under the Malaysian Single Family Office scheme in the Forest City Special Financial Zone.

Vizione Holdings Bhd has clarified that its RM750.0mn construction contract with Fields of Forest Sdn Bhd was terminated amicably due to prolonged uncertainties in project planning and financing.

Majuperak Holdings Bhd has launched Taman Tasik Ardea, a RM141.0mn residential development in Batu Gajah, Perak, offering 601 affordable homes across three phases.

TAS Offshore Bhd has bagged a RM38.0mn shipbuilding contracts for 6 tugboats from 2 new customers in Indonesia.

West River Bhd has accepted a RM13.9mn sub-contract from China Railway Engineering Corporation (M) Sdn Bhd for electrical and generator set installation works at a high-rise residential development in Kuala Lumpur.

HI Mobility Bhd has received a letter from Perbadanan Pengangkutan Awam Johor for a nine-month extension of intracity bus services operation in Johor worth RM8.2mn.

Evergreen Max Cash Capital Bhd announced that its subsidiary has secured a RM40.0mn loan from CIMB Bank to fund its pawnbroking business.

Heitech Padu Bhd has appointed Syed Omar Albar Syed Abdullah as group chief executive officer effective May 26, 2025.

Chen Khai Voon has ceased to be a substantial shareholder of Genetec Technology Bhd after he sold 8mn shares, or a 1.03% stake.

Tan Chong Motor Holdings Bhd is set to introduce the Chinese automotive marque Wuling to the Malaysian market under the brand name TQ Wuling, marking the group's latest foray into the electric vehicle segment.

Ekovest Bhd said the government has approved the construction of two links under Phase 2A of the Duta-Ulu Kelang Expressway.

Lotte Chemical Titan Holding Bhd narrowed its net loss to RM125.7mn for 1QFY2025, from RM178.0mn a year earlier, driven by better margins, lower depreciation, and contributions from its 40.0%-owned associate, Lotte Chemical USA.

Mr DIY Group (M) Bhd’s net profit in 1QFY25 jumped 20.2% YoY to RM174.2mn from RM144.9mn a year ago, mainly driven by higher gross profit.

Frontken Corporation Bhd’s net profit in 1QFY25 jumped 3.4% YoY to RM31.1mn from RM30.1mn a year ago, mainly driven by higher profit from its semiconductor business and lower surtax.