Trading ideas: PetGas, Zecon, Perak Transit, Heineken, BWYS, Straits Energy, Ancom Nylex, Ho Hup, IBGREIT, CLMT, Gadang

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

Petronas Gas Bhd said it is facing a claim of approximately RM68mn for special damages in the class action over its gas pipeline fire in April that destroyed homes in Putra Heights and injured its residents.

Zecon Bhd’s unit will build and run a 100MW solar plant in Kuching’s Kota Petra Green Technology Park under a 30-year power deal with state utility Syarikat Sesco Bhd.

Perak Transit Bhd said it’s business as usual after Bursa Malaysia questioned a sharp share price drop and spike in trading activity that nearly halved its market value.

Heineken NV, which holds a 51% indirect stake in Heineken Malaysia Bhd, said beer volume in Malaysia grew by a low single digit in the 3Q25, performing ahead of the market, even as the Dutch brewer navigated a mixed quarter globally.

BWYS Group Bhd is acquiring a 28.9-acre parcel of freehold industrial land in Kuala Langat, Selangor, from Compass IP Sdn Bhd for RM94.5mn.

Straits Energy Resources Bhd announced the proposed disposal of two tugboats, T.G. Victoria 1 and T.G. Victoria 3, by its indirect subsidiaries to Sealion Limited for a total of USD2.0mn (about RM8.5mn).

Ancom Nylex Bhd has revised the terms of its reverse takeover Ancom Logistics Bhd involving Green Lagoon Technology Sdn Bhd to exclude the proposed private placement and proposed subscription from the list of transactions under the original heads of agreement and the first supplemental agreement.

Ho Hup Construction Co Bhd said its substantial shareholder Omesti Holdings Bhd has sought an extraordinary general meeting to replace two of the construction outfit’s directors with appointees.

IGB Real Estate Investment Trust reported a stronger performance for the 3Q25, with net profit rising 20% YoY to RM95.6mn from RM79.6mn, driven mainly by higher rental income.

Capitaland Malaysia Trust reported improved results for 3Q25, with net profit rising to RM34.7mn from RM30.2mn a year earlier, driven by positive rental reversions, rental step-ups, and the commencement of income from the Glenmarie Distribution Centre.

Gadang Holdings Bhd posted a strong performance for the 1QFY26, with net profit more than doubling to RM13.5mn from RM6.2mn a year earlier, driven by higher contributions from both its construction and property divisions.