Trading ideas: MISC, EXSIM Hospitality, Velesto, Dnex, MI, OMH, PPB, TDM, GenM, SD Guthrie, Top Glove, PTT Synergy, Advancecon

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

MISC Bhd will charter two additional LNG carriers to PETRONAS LNG Ltd under a 20-year charter agreement secured previously, bringing the total vessels under the contract to five newbuild LNG carriers.

EXSIM Hospitality Bhd has secured a RM54.5mn turnkey contract from Aqua Empire Sdn Bhd for water park development works.

Malakoff Corp Bhd has signed a second reservation agreement with Mitsubishi Power Ltd to procure two additional M701JAC gas turbines and gas turbine generators.

Velesto Energy Bhd has secured a five-year drilling contract from PETRONAS Carigali Sdn Bhd, with its NAGA 2 rig commencing operations under the new award.

Dagang NeXchange Bhd has entered into a three-year memorandum of understanding with Majlis Amanah Rakyat to explore AI-driven digital transformation initiatives.

Dayang Enterprise Holdings Bhd said it has secured a work order from PETRONAS Carigali Sdn Bhd for the provision of an accommodation work boat.

Mi Technovation Bhd is exploring a potential separate listing of its semiconductor materials business on the Singapore Exchange.

OM Holdings Ltd has completed the disposal of its 26.0% stake in Ntsimbintle Mining Proprietary Ltd for RM474.1mn, via its wholly owned subsidiary OMH (Mauritius) Corp, to Exxaro Resources Ltd.

Optimax Holdings Bhd has obtained approval from the Ministry of Health to offer ear, nose and throat services at its Optimax Specialist Centre at Atria Shopping Gallery, Selangor.

PPB Group Bhd does not anticipate further impairments on its 18.8%-owned associate Wilmar International Ltd after fully writing down the goodwill component (RM4.2bn) of its investment.

TDM Bhd said its unit, TDM Plantation Sdn Bhd, has appointed Terengganu Dredging Sdn Bhd as contractor for an oil palm field rehabilitation pilot project in Kemaman, valued at RM7.7mn.

Genting Malaysia Bhd said its long-serving president Datuk Seri Lee Choong Yan has been redesignated as senior adviser and is expected to retire from the role in May.

SD Guthrie Bhd has appointed Shahrizal Suhainy as chief financial officer effective May 1, succeeding Renaka Ramachandran.

Top Glove Corporation Bhd has appointed Lim Jin Feng and executive director Ng Yon Lin as joint managing directors effective Apr 1, succeeding Lim Cheong Guan who will retire from the post on Mar 31 after 20.0 years with the group.

PTT Synergy Group Bhd has appointed Dan Then Ikh Choo as group CEO effective Mar 2, as part of its broader transformation strategy to build automation-ready warehouse platforms.

Advancecon Holdings Bhd returned to profitability in FY25 with a net profit of RM6.7mn compared with a net loss of RM22.7mn in FY24, supported by improved project execution and cost discipline.