Trading ideas: Ann Joo, ADE, Critical, SCIB, OSK, Eonmetall, I-Bhd, Favelle, MSM, Alliance Bank, Farm Fresh, paramount, CSC, Hibiscus, PBA, MSC, JAG, Taliworks

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

Ann Joo Resources Bhd has entered into a conditional sale and purchase agreement with Green Esteel Pte Ltd to dispose of its entire equity interest in Ann Joo Steel Bhd, after mutually terminating an earlier heads of agreement with Southern Steel Bhd.

Asia Digital Engineering, the maintenance, repair and operations subsidiary of Capital A Bhd, has secured a US$100.0mn financing facility from QNB Group.

Critical Holdings Bhd's unit Critical Engineering Solutions Sdn Bhd has secured a RM152.6mn engineering, procurement and construction contract for cleanroom and utilities works at Kulim Hi-Tech Park in Kedah.

Sarawak Consolidated Industries Bhd has completed the disposal of its subsidiary SCIB Concrete Manufacturing Sdn Bhd for RM113.0mn.

OSK Holdings Bhd has entered into an agreement to acquire a freehold land parcel measuring approximately 98.3 acres in Bandar Sungai Petani, Kedah, from SP Baiduri Sdn Bhd for RM40.7mn.

Eonmetall Group Bhd founder and largest shareholder Datuk Goh Cheng Huat has proposed to privatise the steel products manufacturer via a selective capital reduction and repayment exercise at 40 sen per share.

I-Bhd, the master planner of i-City, a fully integrated smart city, is collaborating with Mesiniaga Bhd on an Urban Intelligence Platform, designed to facilitate AI-native residential living.

Favelle Favco Bhd has secured two contracts worth a combined RM90.6mn for the supply of tower cranes in Australia.

MSM Malaysia Holdings Bhd has appointed Datuk Mazlan Kamaruddin as its chairman effective today.

Alliance Bank Bhd recorded a net profit of RM206.0mn in the 4QFY26, up from RM197.5mn in the same quarter in the previous year.

Farm Fresh Bhd's net profit slightly declined to RM27.9mn in Q4 FY26 from RM28.4mn a year ago due to higher distribution costs resulting from increased school milk sales, accompanied with the freight costs arising from exports to Cambodia and Philippines.

Paramount Corp Bhd's first-quarter net profit came in flat at RM14.4mn as revenue fell to the lowest in nearly five years due to fewer ongoing projects and the absence of new launches.

CSC Steel Holdings Bhd posted an 8% rise to RM13.6mn in 1QFY26 as the flat steel manufacturer recorded higher sales volume and production costs fell.

Hibiscus Petroleum Bhd swung to a net profit of RM80.1mn for the 3QFY26, in the absence of a RM167.3mn one-off, non-cash deferred tax charge tied to the UK's Energy Profits Levy recognised in the corresponding quarter last year.

PBA Holdings Bhd’s 1QFY26 net profit more than doubled to RM39.7mn from RM19.5mn a year earlier.

Malaysia Smelting Corp Bhd's net profit for 1QFY26 leaped to RM42.9mn from RM7.7mn in the same quarter last year amid firmer tin prices and improved margins.

JAG Bhd returned to profitability with a net profit of RM5.4mn in 1QFY26 compared to a net loss of RM6.4mn last year, driven by its total waste management.

Taliworks Corporation Bhd posted a 14.4% YoY decline to RM9.0mn in 1QFY26 net profit as weaker margins from its construction business and higher losses from its waste management associate offset stronger revenue growth.