Trading ideas: Jati Tinggi, HLBank, Kawan Renergy, MISC, IOIPG, IHH, Inari, Capital A, Press Metal, Sunsuria, MBSB, Hap Seng, Time, MFM, Petron, Chin Hin

The Star · 2d ago

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

Jati Tinggi Group Bhd has secured a contract from Tenaga Nasional Bhd for works involving the establishment of the 132/33kV Tumpat gas insulated switchgear substation in Kelantan and a 132kV overhead line from the Tumpat substation to Point A, worth RM69.5mn.

Hong Leong Bank Bhd is keeping its FY27 loan growth target at 6.0%-7.0%, citing inflationary pressures from Middle East conflict and strong deposit competition.

Yinson Holdings Bhd founding Lim family, the Employees Provident Fund and MSIC Bhd are teaming up for a potential US$1.7bn (RM6.9bn) buyout of the company.

Kawan Renergy Bhd has received approval from the Sustainable Energy Development Authority to build and operate a 2.5MW biomass power plant under Malaysia's Feed-in Tariff scheme through its subsidiary Magenko Renewables (Ipoh) Sdn Bhd.

IJM Corporation Bhd said its non-executive chairman Tan Sri Tan Boon Seng @ Krishnan has retired from the board effective Aug 27, 2026.

MISC Bhd net profit more than doubled to RM1.2bn in 2QFY26 from RM464.4mn a year earlier, driven by stronger operating profit and gains from the disposal of ships, as revenue surged 76.0% to RM4.8bn from RM2.7bn.

IOI Properties Group Bhd net profit fell 36.5% to RM523.1mn in 4QFY26 from RM823.9mn a year earlier, mainly due to lower fair value gains on investment properties.

IHH Healthcare Bhd net profit rose 29.0% YoY to RM573.0mn in 2QFY26 from RM443.0mn, as revenue grew 12.0% to RM7.1bn from RM6.3bn, driven by stronger performance in the hospital and healthcare segment.

Inari Amertron Bhd posted its weakest quarterly results in 14 years, with 4QFY26 net profit plunging 88.0% to RM6.2mn following a fire incident on May 10 and lower revenue contributions.

Capital A Bhd posted its second consecutive quarterly profit after disposing of its aviation business in January, with 2QFY26 net profit at RM23.9mn, down sharply from RM1.5bn a year earlier which was boosted by a RM1.7bn aviation gain.

Press Metal Aluminium Holdings Bhd net profit climbed to RM801.0mn in 2QFY26 from RM483.6mn a year earlier, as revenue surged 11.9% to RM4.7bn from RM4.2bn, attributable to higher realised metal prices during the quarter.

Sunsuria Bhd net profit more than doubled to RM19.0mn in 3QFY26 from RM9.2mn a year earlier, supported by higher contributions from ongoing developments and a one-off gain from an acquisition.

MBSB Bhd net profit fell 53.7% to RM44.2mn in 2QFY26 from RM95.6mn a year earlier, as revenue declined 11.1% to RM829.9mn from RM933.4mn.

Hap Seng Consolidated Bhd net profit eased to RM135.1mn in 2QFY26 from RM143.7mn a year earlier due to lower profit contribution from its property and building materials division.

Time Dotcom Bhd net profit rose to RM134.6mn in 2QFY26 from RM104.6mn a year earlier, attributed to higher profit from operations, net foreign exchange gain and a higher share of profit from associates.

Malayan Flour Mills Bhd net profit jumped 53.0% to RM42.9mn in 2QFY26 from RM28.1mn a year earlier, driven by stronger contributions from its flour and poultry businesses.

Petron Malaysia Refining & Marketing Bhd stayed loss-making in 2QFY26, posting a net loss of RM34.5mn versus a RM40.5mn profit a year earlier, due to reliance on imports during the Port Dickson refinery shutdown.

Chin Hin Group Bhd net profit fell 63.9% to RM7.7mn in 2QFY26, its weakest quarterly earnings in nearly five years due to a RM19.8mn fair value loss on other investments versus a RM9.0mn gain a year earlier.