Trading ideas: Hong Leong Bank, MAHB, Capital A, FGV, Coastal, SunCon, Binastra, Annum, Bright, Sunview
KUALA LUMPUR: Here is an overview of the leading headlines from Corporate Malaysia.

Hong Leong Bank Bhd has fully subscribed to a RM350.0mn Asean Green Bond issued by Exio Logistics Sdn Bhd.

Malaysia Airports Holdings Bhd ’s traffic expanded by 7.6% to 11.0mn passengers in April 2024, compared with the preceding month's 10.2mn passengers.

Asia Digital Engineering, the engineering arm of Capital A Bhd , announced that its Cambodian unit had been granted the Approved Maintenance Organisation certification in supporting the aviation ecosystem of Cambodia.

A court in Sabah has struck out a man’s claim for RM24.9mn damages against FGV Holdings Bhd for alleged fraudulent transactions and trespass relating to land in the state held under a native title.

Coastal Contracts Bhd has secured a sale contract for an offshore support vessel and an extension for another vessel's charter contract. The extended charter contract is for a period of five years.

According to Sunway Construction Group Bhd , the engineering, procurement, commissioning and construction work has yet to begin on Toyo Ventures Holdings Bhd ’s thermal power plant project in Vietnam.

Binastra Corporation Bhd's managing director and largest shareholder Datuk Tan Kak Seng has sold a 6.0% stake or 30mn shares in the construction outfit for RM36.0mn.

Annum Bhd ’s largest shareholder, Datuk Seri Chin Kok Foong, has disposed of his entire 14.8% stake in the Practice Note 17 wood-based products manufacturer.

Bright Packaging Industry Bhd ’s largest shareholder Datuk Ricky Wong Shee Kai, who has been embroiled in a legal battle with the Securities Commission Malaysia, has trimmed his stake in the company to an indirect stake of 23.2% after selling 20.0 shares or 9.7% stake in the company.

Sunview Group Bhd has entered into a strategic business alliance agreement with LLC Yashil Energiya to explore business opportunities in renewable and green energy opportunities in Uzbekistan.

Media Chinese International Ltd said it expects its net loss to swell to between USD11.0mn (RM51.5mn) and USD13.0mn (RM60.9mn) for FY24, from USD0.2mn (RM0.9mn) a year ago.

Pertama Digital Bhd said it has been allowed to continue operating the digital court bail payment system known as e-Jamin by the government.

Hubline Bhd confirms it is in talks with state-owned equity firm Ekuiti Nasional Bhd for the potential acquisition of Orkim Sdn Bhd.

OCK Group Bhd has entered into a strategic partnership with Chinese artificial intelligence giant SenseTime to drive significant efficiencies for its customers in Malaysia and beyond.

Teladan Group Bhd plans to launch properties with an accumulated gross development value of RM1.2bn in FY24, including a maiden development in the Klang Valley.

Public Bank Bhd ’s net profit in 1QFY24 slipped 3.5% YoY to RM1.65bn from RM1.71bn a year ago, mainly due to higher personnel costs and higher provisions.

Sunway Construction Group Bhd’s net profit in 1QFY24 rose 16.4% YoY to RM32.4mn from RM27.8mn a year ago, thanks to higher billings in newer projects.

Kuala Lumpur Kepong Bhd ’s net profit in 2QFY24 fell 38.7% YoY to RM117.1mn from RM190.8mn a year ago, due to weak performance in the manufacturing and property segments.

TSH Resources Bhd 's net profit for 1QFY24 dropped 31.8% YoY to RM20.1mn, from RM29.4mn a year earlier, due to an exceptional land disposal gain recorded in 1QFY23.
Analyst Reports,Trading ideas,Hong Leong Bank,MAHB,Capital A,FGV,Coastal,SunCon,Binastra,Annuym,Bright,Sunview
KUALA LUMPUR: Here is an overview of the leading headlines from Corporate Malaysia.