Trading ideas: EcoWorld, Sunway, Binastra, Pantech, Kimlun, Destini, MPI, TH Plantations. United Malacca

KUALA LUMPUR: Eco World Development Group Bhd (EcoWorld), Sunway Bhd, Binastra Corp Bhd, Pantech Group Holdings Bhd, Kimlun Corp Bhd, Destini Bhd, Malaysian Pacific Industries Bhd (MPI), TH Plantations Bhd and United Malacca Bhd are among the stocks to watch on Friday.

EcoWorld reported a 25.8% rise in net profit to RM101.2mil, or 3.40 sen per share, for the third quarter ended July 31, 2025 (3Q25), bringing its nine-month net profit 41.4% higher at RM311.3mil, or 10.50 sen per share.

Quarterly revenue jumped 45% to RM761.9mil, lifting nine-month revenue by 34.6% to RM2.18bil.

Sunway is acquiring Hongkong Land’s MCL Land for RM2.42bil, its largest-ever deal, marking a major step in expanding its regional property footprint.

The acquisition will lift unbilled sales in Singapore to nearly RM6bil and add a pipeline of 2,700 residential units across five developments.

Binastra posted a net profit of RM28.42mil for the second quarter ended July 31, 2025, up from RM22.86mil a year earlier, as revenue jumped to RM396.84mil from RM230.88mil on stronger construction contributions.

For the first half, net profit rose to RM53.56mil from RM40.96mil, with revenue climbing to RM653.68mil from RM410.51mil.

Pantech has received notices of assessment for capital gains tax from the Inland Revenue Board (IRB) amounting to RM6.76mil for the year of assessment 2025. The company said it is seeking professional advice and plans to file an appeal.

Kimlun is acquiring two freehold land parcels in Kulai, Johor, for RM3.65mil from director and major shareholder Pang Tin @ Pang Yon Tin.

The land will be used as storage space for construction materials and machinery to support projects in northern Johor Baru.

Destini has secured a contract extension from the Ministry of Defence Malaysia for the supply of non-proprietary aircraft spare parts for the Royal Malaysian Air Force.

It said the tenure of the contract, which expired on June 30, 2025, has been extended for another 18 months from July 1, 2025 to Dec 31, 2026.

MPI is acquiring Infineon Technologies (Thailand) Ltd for RM327.56mil, taking over its semiconductor assembly and testing plant in Nonthaburi.

The deal is expected to strengthen collaboration with the Infineon Group and contribute positively to MPI’s future earnings.

United Malacca posted a net profit of RM37.76mil for the first quarter ended July 31, up from RM13.29mil a year earlier, as revenue rose to RM191.62mil from RM163.88mil.

TH Plantations has rejected an appeal by its former chief executive officer, Mohamed Zainurin Mohamed Zain, against the termination of his contract.

The company had removed Zainurin from his position effective Aug 26, 2025, citing misconduct.