Trading ideas: Coastal, Citaglobal, Crest Builder, Magna Prima, FSBM, Tune Protect, IOIPG, SKP, MISC, TM, Apex Healthcare, Well Chip, CMS

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

Coastal Contract Bhd's JV company in Mexico, Coastoil Dynamic SA De CV has signed an addendum to its contract with Petroleos Mexicanos to extend the existing gas sweetening services contract up to the end of 2027, which is worth RM323.8mn.

Citaglobal Bhd’s wholly owned subsidiary, Citaglobal Property Development Sdn Bhd, entered into a joint venture agreement with Varia Crest Sdn Bhd to jointly undertake a mixed development with an estimated GDV of RM600.0mn.

Crest Builder Holdings Bhd’s wholly owned subsidiary, Crest Builder Sdn Bhd, secured a RM299.4mn LoA from Perdana Parkcity Sdn Bhd for the construction of an office tower with podium and retail spaces at Desa Parkcity.

Magna Prima Bhd’s wholly owned subsidiary entered into a JVA with Amat Potensi Sdn Bhd to develop a 709-unit residential project in Kinta, Perak.

Bursa Malaysia Securities publicly reprimanded the board of information technology developer FSBM Holdings Bhd for failing to ensure its 3QFY24 and 4QFY24 quarterly reports were accurate.

Tune Protect Group Bhd posted stronger results for 3QFY25, with net profit rising 7.9% to RM6.3mn from RM5.9mn a year earlier, supported by higher insurance service income.

IOI Properties Group Bhd posted a net profit of RM664.3mn for 1QFY26, up from RM69.2mn in the same quarter last year, largely driven by a remeasurement gain of RM502.8mn from the acquisition of South Beach.

SKP Resources Bhd’s net profit fell 20.0% to RM27.5mn for 2QFY26, from RM34.4mn a year ago, due to start-up costs associated with onboarding new customers.

MISC Bhd’s 3QFY25 net profit jumped 59.8% to RM541.8mn from RM338.9mn a year earlier, fuelled by stronger operating profit.

Telekom Malaysia Bhd’s 3QFY25 net profit rose 47.5% to RM686.3mn from RM465.0mn a year ago, driven by robust core operations, improved fair value gains from its investment in a technology fund and lower tax charges.

Apex Healthcare Bhd’s 3QFY25 net profit fell 14.4% YoY to RM15.6mn due to higher low-margin distribution sales, the absence of one-off gain, increased depreciation from new assets, and continued losses from its associate.

Well Chip Group Bhd’s net profit nearly tripled to RM23.7mn in 3QFY25, from RM8.8mn a year earlier, on stronger contributions from both its pawnbroking services and sales of jewellery and gold.

Cahya Mata Sarawak Bhd posted a net profit of RM32.1mn for 3QFY25, reversing a net loss of RM9.2mn a year earlier, driven by stronger gross margins and a smaller unrealised forex loss, higher contributions from the cement, road maintenance and property development units and stronger JV results.