Top Glove posts earnings surge in FY26, declares 1.5c div/share
KUALA LUMPUR: Top Glove Corp Bhd delivered strong profitability in FY26, driven by steady global demand growth for gloves, which outpaced supply growth.
AkzoNobel's US$1.35bil decorative paints sale to Nippon Paint to complete mid-2027
KUALA LUMPUR: AkzoNobel's US$1.35 billion sale of its decorative paints businesses to Nippon Paint is expected to be completed mid-2027, except for the Indonesian business, which is expected to be completed separately later this year.
Scientex unit to acquire Pulai land for RM580.15mil
KUALA LUMPUR: Scientex Bhd said its wholly-owned subsidiary Scientex Quatari Sdn Bhd has proposed to acquire 14 tracts of freehold land in Pulai, Johor Bahru, from Pangkal Budiman Sdn Bhd for about 502.5906 acres for RM580.16mil.
OCK partners JTower and Sun Phu Quoc to deploy telco infra supporting APEC 2027
KUALA LUMPUR: OCK Group Bhd's subsidiary, VNC-55 Infrastructure Investment Company Limited, has signed a tripartite in-principle agreement with Southern Star Telecommunication Equipment Joint Stock Company (SPN), a subsidiary of JTOWER, and Sun Phu Quoc, a subsidiary of Sun Group, to deploy telecommunications infrastructure across designated Sun Group projects in Phu Quoc.
Axiata CEO Nik Rizal appointed to GSMA Board
KUALA LUMPUR: Axiata Group Bhd group chief executive officer and managing director Nik Rizal Kamil has been appointed to the board of the GSM Association (GSMA) for a two-year term beginning January 2027.
Trading ideas: Kelington, SP Setia, Yinson, Citaglobal, Jati Tinggi, Go Hub, Zetrix AI, West River, Willowglen, Privasia, Asteel, Alpha IVF, IJM
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Zetrix AI submits proposed solution to resolve RM314mil outstanding remittances
KUALA LUMPUR: Zetrix AI Bhd said it has submitted a proposed solution to the government to address its outstanding remittances for consideration.
Samaiden set to soar
PETALING JAYA: Samaiden Group Bhd's latest contract win for an engineering, procurement, construction and commissioning (EPCC) project involving a 99.99 megawatt (MW) large-scale solar plant under the Large Scale Solar 5+ (LSS5+) programme is expected to replenish its order book and strengthen earnings visibility through financial year 2027 (FY27) and FY28.
Strong crack spreads drive Hengyuan upside
PETALING JAYA: Hengyuan Refining Company Bhd, which operates a major petroleum refinery, could conservatively deliver RM1.8bil in net profit for the financial year ending Dec 31, 2026 (FY26) with room to surprise on the upside.
Fleet expansion to fuel Orkim’s prospects
PETALING JAYA: RHB Research is positive on Orkim Bhd mainly due to its strong recurring earnings and dividend visibility, while fleet expansion and efficiency gains are expected to provide further growth catalysts amid supportive industry conditions.
