Trading ideas: Yinson, Kelington, Hiap Teck, MGB, TXCD, Astro, F&N, Ireka

KUALA LUMPUR: Stocks to watch today include Yinson Holdings Bhd, Kelington Group Bhd, Hiap Teck Venture Bhd, Marine & General Bhd, TXCD Bhd, Astro Malaysia Holdings Bhd, Fraser & Neave Holdings Bhd (F&N) and Ireka Corp Bhd following their latest corporate news.

Yinson posted a net profit of RM101mil in the second quarter ended July 31, 2025 (2QFY26), about half the RM203mil recorded in the same quarter last year, while earnings per share fell to 2.3 sen from 5.6 sen.

Quarterly revenue was down to RM1.36bil in 2QFY26 from RM2.14bil in 2QFY25.

Kelington has secured a RM108mil contract from a multinational medical device manufacturer in Penang, with completion slated for January 2027.

The latest contract lifts its orderbook to RM1.3bil as at end-June, with RM299.9mil in new contracts secured in July and August.

Hiap Teck's fourth quarter ended July 31 (4Q25) net profit fell sharply to RM19.71mil from RM47.53mil a year earlier, as revenue slipped to RM342.74mil on lower selling prices and volumes.

For the full year, net profit edged up to RM109.12mil from RM106.35mil despite revenue declining to RM1.44bil from RM1.68bil.

It proposed a first and final single-tier dividend of 0.50 sen per share, with dates to be announced later.

For the first quarter ended July 31, 2025 (1Q25), Marine & General's net profit was up by 28% year-on-year (y-o-y) to RM16.6mil or earnings per share of 0.75 sen. Revenue was up by 9% y-o-y to RM99.4mil.

TXCD has secured a contract from R & C Cergas Teguh Sdn Bhd to install and complete structure and architecture works for a project at Lorong Raja Uda 2, Kuala Lumpur, worth RM11.24mil.

Astro’s net profit slipped to RM16.39mil in the second quarter ended July 31, 2025 (2Q 2026), from RM54.71mil in the same quarter a year earlier.

Revenue also declined to RM683.21mil from RM787.30mil previously, mainly due to lower subscription revenue, sales of programming rights and advertising income.

F&N is disposing of 5.149 hectares of leasehold land in Seksyen 13, Bandar Petaling Jaya, Selangor, which is expected to contribute RM83.2mil to the group.

Ireka, a Practice Note 17 company, is slated to be delisted from the Main Market of Bursa Malaysia on Oct 7, after its bid for a further extension to submit its regularisation plan was rejected by the bourse regulator.