Trading ideas: Swift, Cosmos, Ecomate, Ramssol, Favelle, LYC, IJM, Bus Cap, Asiapac, OGX, Dufu, Pantech, Country View, Sasbadi

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

Swift Energy Technology Bhd has secured RM17.0mn worth of purchase orders to supply electrical and navigational systems for energy and data centre projects across Malaysia, Indonesia and Myanmar. 

Cosmos Technology International Bhd's wholly owned subsidiary, Cosmos Instruments, has secured a RM4.8mn contract from Air Selangor to replace mechanical water meters with electromagnetic meters.

Ecomate Holdings Bhd via its 60%-owned subsidiary, Progressive Computer Systems Sdn Bhd has won a RM13.4mn purchase order from Gamuda Bhd for the renewal of a software licence subscription over a three-year period, 

Ramssol Group Bhd's indirect wholly owned subsidiary, Rams Fintech, has entered into a two-year collaboration with CTOS Digital Bhd's subsidiary to expand the distribution of its "Pay Day Now" earned wage access platform.

Favelle Favco Bhd’s US subsidiary, Favelle Favco Cranes (USA) Inc, has been named as one of 15 defendants in a US$52.5mn lawsuit arising from the July 2023 crane collapse in Midtown Manhattan, although the company stated its role was limited to supplying the crane. 

LYC Healthcare Bhd expects to miss the July 31 deadline to issue its FY2026 annual report due to additional time required by its newly appointed external auditor, with the company targeting to release the report by Aug 7 or its shares suspended from Aug 10.

IJM Corp Bhd is seeking shareholder approval for the re-election of group CEO Datuk Lee Chun Fai and two other directors at its Aug 27 AGM, while long-serving chairman Tan Sri Krishnan Tan Boon Seng is notably absent from the re-election list. 

Bus Cap Bhd has appointed former Systech executive director Teoh Keng Chang as its non-independent non-executive director.

ACE Market-bound United Asiapac Energy Bhd expects to sustain double-digit growth in the near term, supported by continued demand from Malaysia's upstream oil and gas industry.

OGX Group Bhd’s FY2026 net profit increased 51.2% YoY to RM23.2mn while revenue surged 61.5% YoY to RM284.7mn, driven by higher completion of IT infrastructure projects, stronger profit margins, and robust contributions from its IT infrastructure solutions segment. 

Dufu Technology Corp Bhd’s 2QFY2026 net profit surged nearly fivefold to RM13.9mn (+392% YoY) on the back of a 35.4% YoY increase in revenue to RM92.4mn, primarily driven by stronger HDD component sales. 

Pantech Global Bhd reported a record 1QFY2027 performance, with revenue rising 27% YoY to RM159.7mn and net profit increasing 36% YoY to RM16.4mn, driven by higher sales volume and average selling prices. 

Country View Bhd reported 2QFY2026 net profit of RM21.1mn (+15.3% YoY), supported by lower cost of sales, reduced marketing and finance expenses, progress billings from Aurora Avenue, and the sale of a commercial land parcel.

Sasbadi Holdings Bhd reported weaker 3QFY2026 results, with net profit declining 62.7% YoY to RM0.4mn and revenue easing 1.4% YoY to RM21.2mn, mainly due to lower other income and weaker print publishing sales.