Trading ideas: IGB, Managepay, IJM, HE, Willowglen, M&A Equity, HLFG, HLB, Sime Darby, Sunway, PPB, IJM, Padini, Farm Fresh, MRCB, UEM Edgenta

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

IGB Bhd is partnering with the Johor state-owned enterprise Southkey City Sdn Bhd to buy two parcels of leasehold land in Johor Bahru for RM215mn.

Managepay Systems Bhd has accepted a letter of offer worth RM38mn from Mastercard Asia/Pacific Pte Ltd to develop and operate the ManagePay-issued Mastercard payment cards.

IJM Corp Bhd has entered into a supplemental concession agreement with the government to formalise the 15km New Pantai Expressway extension and extend the existing NPE concession period.

HE Group Bhd's unit, Hexatech Engineering Sdn Bhd, has secured a RM56.7mn contract to provide electrical services and related works for a data centre in Cyberjaya, Malaysia.

Willowglen MSC Bhd’s wholly-owned unit, Willowglen Services Pte Ltd, has secured a contract worth RM86.5mn from Singapore’s Land Transport Authority to replace the expressway traffic and communications system.

M&A Equity Holdings Bhd has proposed a special Bumiputera share issue of up to 285.5mn new shares to investors approved by the Ministry of Investment, Trade and Industry, to comply with the Bumiputera equity requirement.

Hong Leong Financial Group Bhd’s net profit rose 5.9% YoY to RM853.5mn in the 4QFY2025 from RM806.1mn, boosted by both net interest income and non-interest income.

Hong Leong Bank Bhd, posted a 5.3% YoY increase in its net profit to RM1.1bn in 4QFY2025 from RM1.0bn on higher net interest income, stronger Islamic banking contributions and improved fee-based income.

Sime Darby Bhd posted a net profit of RM763mn for 4QFY2025, more than eightfold its earnings of RM89mn a year ago, thanks to its Malaysia Vision Valley land sale, improved contributions from UMW and industrial divisions, and lower borrowing costs.

Sunway Bhd reported a modest 0.9% increase in net profit to RM273mn for the 2QFY2025 from RM270.5mn a year ago, despite a sharp 62.1% rise in revenue due to higher operating expenses and decline in other operating income and contributions from associates and joint ventures.

PPB Group Bhd reported a 9.4% decline in its second-quarter net profit to RM279.8mn from RM308.9mn a year earlier, primarily due to weaker contribution from its 18.8%-owned associate Wilmar International Ltd.

IJM Corp Bhd’s net profit for the 1QFY2026 rose 10.0% to RM95.6mn from RM86.9mn, underpinned by stronger contributions from its construction and industry divisions.

Padini Holdings Bhd’s net profit fell 73.5% YoY to RM7mn for the 4QFY2025, the lowest for the company in 16 years, dragged by lower revenue and same-store sales growth contraction.

Farm Fresh Bhd’s net profit for 1QFY2026 rose 26% YoY to RM32.8mn, thanks to higher sales coupled with increased sales of higher-margin products.

Malaysian Resources Corp Bhd posted a 70.6% YoY fall to RM15.1mn in net profit for the 2QFY2025 on lower construction billing.

UEM Edgenta Bhd returned to the black in the 2QFY2025 with a net profit of RM9.6mn, compared with a net loss of RM18mn in the first quarter as its revenue grew 13% QoQ.