Trading ideas: Binastra, EPB, Citaglobal, Ivory, Zetrix, Enproserve, MN, NCT, Duopharma, Gas Malaysia, Maxis, MPI, Press Metal, Sime Property, SunCon, UEM Sunrise, YTL

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

Binastra Corp Bhd has secured a RM132mn contract from Exsim Lumba Kuda Sdn Bhd to carry out piling works for a new 63-storey serviced apartment project in Johor Bahru.

EPB Group Bhd is partnering with Shenzhen Honglin Machinery Equipment Co Ltd to drive automation and market expansion across Southeast Asia.

Citaglobal Bhd’s wholly-owned subsidiary, Citaglobal Land Sdn Bhd has secured a RM168.9mn contract from the Public Works Department for the FT3 Road Upgrade project.

Bursa Malaysia Bhd has rejected PN17 company Ivory Properties Group Bhd’s application for a further extension of time to submit its regularisation plan. Hence, its securities will be suspended effective Aug 29, and the company will be delisted on Sept 3, unless an appeal is submitted.

Zetrix AI Bhd said on Thursday the High Court has allowed the company to proceed with the judicial review against a public reprimand by Bursa Malaysia Bhd.

Enproserve Group Bhd has secured a two-year contract from Petronas Dagangan Bhd to maintain aviation refuelling vehicles, marking its entry into the aviation vehicle maintenance sector.

MN Holdings Bhd is seeking to raise up to RM95.9mn through a private placement of up to 10% of its enlarged share base for working capital.

NCT Alliance Bhd has entered a conditional share sale agreement to acquire 100% equity interest in NCT World Sdn Bhd for RM490.3mn.

Duopharma Biotech Bhd’s net profit for 2QFY2025 rose 21.1% YoY to RM20.2mn from RM16.7mn, as lower production costs lifted margins.

Gas Malaysia Bhd’s net profit for 2QFY2025 dropped 9.9% YoY to RM99.1mn from RM110.1mn, despite higher sales volume and pipeline tolling fee, as natural gas selling prices dipped.

Maxis Bhd’s net profit for the 2QFY2025 increased 12% YoY to RM398mn from RM356mn on the back of stronger enterprise business and higher home services revenue.

Malaysian Pacific Industries Bhd’s net profit for 4QFY2025 fell 47.5% YoY to RM43.5mn from RM83mn in the absence of a one-off gain from reversal of provisions.

Press Metal Aluminium Holdings Bhd’s net profit for 2QFY2025 declined 4.4% YoY to RM483.6mn from RM505.8mn on higher input costs and lower contributions from its associate companies.

Sime Darby Property Bhd’s net profit for 2QFY2025 declined 11.4% YoY to RM143.5mn from RM162mn, mainly due to lower revenue growth and higher costs.

Sunway Construction Group Bhd’s net profit for 2QFY2025 more than doubled YoY to RM83.9mn from RM38.9mn on the back of continued progress of its data centre projects.

UEM Sunrise Bhd’s net profit for 2QFY2025 jumped 18.9% YoY to RM22.4mn from RM18.8mn, supported by higher contributions from joint ventures and associates, along with a substantial drop in finance costs.

YTL Corp Bhd’s net profit for 4QFY2025 rose 2.3% YoY to RM547.2mn from RM535mn, as better performance from its cement and building materials segment helped offset impact from foreign exchange swings in its power generation business.