Trading ideas: TM, VS Industry, Kelington, Itmax, CBH, PJBumi, AWC, PTT, Seni Jaya, Solarvest

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

Telekom Malaysia Bhd is collaborating with Meta, SoftBank Corp, IPS Inc, PT XL Smart Telecom Sejahtera Tbk, and NEC Corporation to develop the Candle submarine cable system, which will link ASEAN countries to Japan.

VS Industry Bhd has fully redeemed the first tranche of its RM200.0mn Sukuk Wakalah programme.

Kelington Group Bhd has secured a SGD33.0mn contract from a turnkey engineering specialist for works related to an advanced packaging facility project in Singapore.

ITMAX System Bhd’s subsidiary, Southmax Sdn Bhd, has secured a RM51.0mn 15-year contract from Majlis Perbandaran Batu Pahat to provide a smart closed-circuit television system.

CBH Engineering Holding Bhd has secured a RM31.4mn contract to provide mechanical and electrical works for a proposed data centre project in Johor.

PJBumi Bhd has secured a USD6.6mn integrated project management services contract for exploration and exploitation activities in Mogoi Wasian, Papua, Indonesia.

AWC Bhd has secured a SGD3.9mn contract from Singapore's Housing & Development Board to design, build and operate a pneumatic waste conveyance system.

PTT Synergy Group Bhd has signed a framework agreement with two Chinese companies, OMH (Shandong) Co Ltd and AUBO (Shandong) Robotics Technology Co Ltd, to explore the development of an automated warehousing facility in Malaysia worth RM2.0bn.

Seni Jaya Corporation Bhd has entered into an agreement to acquire Ganad Media Sdn Bhd for RM5.0mn as part of its strategy to expand its advertising footprint.  

Solarvest Holdings Bhd has partnered with Canadian investment firm Brookfield to develop 1.5 gigawatts of renewable energy projects in Malaysia.

Sapura Industrial Bhd has signed a MoU with Asia Pacific University Sdn Bhd to collaborate on electric vehicle training and smart manufacturing initiatives.

SP Setia Bhd has appointed Tan Hwa Min as deputy chief executive officer and Datuk Yuslina Mohd Yunus as chief operating officer.

Greenyield Bhd said it has rejected a request for an EGM to remove its group chief executive officer, Tham Kin-On, stating that the proposal was not in the company’s best interest as Tham had resigned on Sept 19, 2025.

HeiTech Padu Bhd announced that Al Jafree Salihin Kuzaimi PLT has resigned as its external auditor following a recent sanction by the Securities Commission Malaysia’s Audit Oversight Board.

Independent adviser MainStreet Adviser Sdn Bhd has recommended that shareholders of Eurospan Holdings Bhd reject the mandatory general offer from its new controlling shareholder Samuel Ng Heng Hong, as it deemed the offer “not fair and not reasonable”.

Kawan Renergy Bhd posted a 41.1% YoY rise to RM7.5mn in net profit for 3QFY25, supported by project deliveries and higher other income.