Trading ideas: Sunway, Farm Fresh, SCIB, Careplus, Ecobuilt, Lianson, Dialog, MUI, Nestcon, IGB, Paramount, Glostrext, Betamek, Manulife, MFM

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

Sunway Bhd’s property arm Sunway Property has strengthened its collaboration with low-carbon energy and services provider Engie with the expansion of the Sunway Square district cooling system partnership via their joint venture Engie-Sunway DCS Sdn Bhd.

Farm Fresh Bhd has further cemented its status as one of Malaysia's leading dairy brands after being named Brand of the Year in the Dairy Products category at the 2025–2026 World Branding Awards, held at the Osaka City Museum of Fine Arts.

Sarawak Consolidated Industries Bhd’s wholly owned subsidiary has entered into a conditional share sale and purchase agreement with YTL Cement (Sarawak) Sdn Bhd for the proposed disposal of its entire 100% equity interest in SCIB Concrete Manufacturing Sdn Bhd for RM113.0mn cash.

Careplus Group Bhd has scrapped its proposed three-for-five rights issue priced at 12.0 sen per share, citing the downtrend in its share price, which has fallen 69% year-to-date.

Ecobuilt Holdings Bhd has agreed to sell a piece of freehold industrial land in Kapar, Selangor, for RM5.7mn as part of its ongoing debt-reduction and financial restructuring efforts.

Lianson Fleet Group Bhd has entered into a non-binding term sheet with PetroVietnam Drilling and Well Services Corporation to explore opportunities in the offshore oil and gas services sector, particularly in the jack-up rig market.

Dialog Group Bhd anticipates the economic environment to remain challenging in the short to medium term.

Malayan United Industries Bhd will explore hotel management and other hospitality-related businesses or assets despite having sold Corus Hotel KLCC located along Jalan Ampang.

Nestcon Bhd has accepted a letter of award from Inter Sky Development Sdn Bhd to construct two blocks of 57-storey serviced apartments in Taman Wahyu, Kuala Lumpur, for RM355.0mn.

IGB Bhd, via its wholly owned indirect subsidiary Bintang Sentral Sdn Bhd, has acquired two freehold land parcels totalling 24.3 acres in Bandar Meru Raya, Ipoh, Perak, for RM43.7mn.

Paramount Corp Bhd posted a 52.6% YoY jump in net profit to RM25.0mn for 3QFY25, from RM16.4mn, driven by the redemption of the remaining outstanding perpetual securities.

Glostrext Bhd's net profit quadrupled to a record RM3.5mn in 2QFY26, compared with RM0.8mn a year earlier driven by stronger project billings.

Betamek Bhd’s net profit was largely flat at RM10.4mn for 2QFY26, compared with RM10.5mn a year earlier.

Manulife Holdings Bhd’s net profit for 3QFY25 fell 53.0% YoY to RM17.0mn from RM36.2mn, owing to higher general expenses, despite stronger top line.

Malayan Flour Mills Bhd reported a nearly fivefold increase in its net profit for 3QFY25, rising to RM35.8mn from RM7.3mn a year ago, driven by lower wheat prices and improved contributions from its Indonesian flour milling and poultry joint ventures.