Trading ideas: SimeProp, Gamuda, Capital A, Solarvest, NuEnergy, Pecca, Pekat, Wasco Greenergy, Affin, SunCon, MPI, Sports Toto

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

Sime Darby Property Bhd is on track to achieve sales target of RM3.6bn and gross development value launches worth RM4.0bn for FY25 says its group managing director and chief executive officer, Datuk Seri Azmir Merican.

Gamuda Bhd is sharpening its focus on Australia’s rapidly accelerating renewable energy build-out and estimates its Australia order book may triple to A$8.0bn by FY28.

Capital A Bhd will distribute 1.69 billion new shares in AirAsia X Bhd to its eligible shareholders via a dividend-in-specie, marking the final stage of its restructuring plan.

Solarvest Holdings Bhd has secured a RM320.0mn engineering, procurement, construction and commissioning contract under the Large Scale Solar 5 programme.

NuEnergy Holdings Bhd won contracts from Muhibbah Solar Sdn Bhd for the development of 15.0MWac Large Scale Solar photovoltaic plant at Beaufort, Sabah worth RM16.9mn and for the sale and purchase of solar materials for the project, worth RM39.4mn.

Pecca Group Bhd is stepping up its transformation into an integrated seat and interior systems provider, targeting Tier-1 automotive component manufacturer status by 2026.

Pekat Group Bhd’s wholly-owned subsidiary won a RM33.8mn contract from Gamuda Engineering Sdn Bhd to undertake earthing and lightning protection systems for the Hyperscale Data Centre at Eco Business Park V in Puncak Alam, Selangor.

Wasco Greenergy Bhd, slated for a listing on Bursa Malaysia’s Main Market, aims to raise RM75.0mn from its initial public offering.

Affin Bank Bhd's earnings slipped marginally to RM145.0mn for 3QFY25, from RM145.8mn a year ago, as decreased net income and higher impairment loss allowances more than offset lower expenses.

Sime Darby Property Bhd delivered its highest nine-month profit of RM430.2mn and sales of RM3.1bn for 9MFY25, anchored by strategic focus on a diversified product mix and resilient market demand.

Velesto Energy Bhd's net profit for 3QFY25 increased to RM50.2mn from RM42.9mn last year, primarily driven by higher rig utilisation as well as lower finance costs and depreciation in the current quarter.

Sunway Construction Group Bhd's net profit surged to RM83.8mn for 3QFY25, from RM46.5mn in the same period last year, mainly driven by data centre and in-house projects.

Malaysian Pacific Industries Bhd‘s net profit surged 76.1% YoY to RM53.1mn in 1QFY26, against RM30.1mn, driven by improved profit margins and higher sales

Sports Toto Bhd recorded a net profit of RM22.1mn for 1QFY26, down from RM41.3mn a year ago due to weaker contributions from STM Lottery.

Gas Malaysia Bhd's net profit fell 18.0% YoY to RM95.1mn in 3QFY25, from RM116.0mn, due to lower volume of natural gas sold and lower average natural gas profit margin.

Hap Seng Consolidated Bhd’s net profit fell 22.0% YoY to RM151.1mn in 3QFY25, from RM193.1mn, on the back of lower contributions from its property and plantation divisions.

Tomei Consolidated Bhd's net profit rose to RM23.3mn for 3QFY25, more than tripled the RM7.0mn recorded a year ago driven by higher gold prices and stronger margins.

Press Metal Aluminium Holdings Bhd’s net profit rose 40.0% YoY to RM563.3mn for 3QFY25, from RM402.3mn, due to higher volume and prices, as well as lower material costs.