Trading ideas: Gamuda, Paramount, Jati Tinggi, Muhibbah, Silver Ridge, TSR Capital, Itmax, Globaltec, Prestar, Apex Healthcare, YNHP, Top Glove, Scientex, Hi Mobility

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

Gamuda Bhd and Samsung C&T have secured a RM2.7bn contract in Australia for the Marinus Link undersea cable project.

Paramount Corp Bhd is acquiring 48.49 acres of leasehold land in Section U9, Shah Alam for RM113.5mn via subsidiary Prima Kuasa Sdn Bhd. With approvals secured, the RM579mn GDV project will span six years.

Jati Tinggi Group Bhd secured a RM117.2mn contract from Tenaga Nasional Bhd for a 275kV bulk power supply connection to a Johor data centre.

Muhibbah Engineering (M) Bhd, via its wholly owned subsidiary has secured a contract to sell an offshore supply vessel for about US$18mn (RM74mn), with completion expected by 1Q2026.

Silver Ridge Holdings Bhd secured a RM42.9mn contract from the Ministry of Education to supply laptops to Sarawak teachers.

TSR Capital Bhd has secured a RM48mn contract from Sime Darby Property (Bukit Raja) Sdn Bhd for Stage 3 of the Bandar Bukit Raja township in Selangor.

ITMAX System Bhd secured a RM36mn Home Ministry contract to deploy AI-powered CCTV at cross-border points across Peninsular Malaysia.

Globaltec Formation Bhd said its Australian associate NuEnergy Gas Ltd has signed an agreement to sell 5.59 billion standard cubic feet of coal bed methane from the Tanjung Enim project to Indonesia's state-owned gas distributor.

Prestar Resources Bhd, through subsidiaries plan to acquire a freehold industrial property in Serendah Technology Park, Rawang for RM17mn, funded entirely via internal funds.

Apex Healthcare Bhd has extended the closing date for its RM2.64-per-share takeover offer to Jan 2, 2026, from Dec 19.

YNH Property Bhd announced a board reshuffle following its AGM, which saw the removal of several directors including the founder’s son, alongside the appointment of the founder’s nephews to key executive roles and the redesignation of Datuk Dr Yu Kuan Chon as a non-independent non-executive director.

Top Glove Corporation Bhd reported a 1QFY26 net profit of RM38.6m, marking its fifth consecutive profitable quarter, driven by a meaningful recovery in glove demand, higher plant utilisation, and improved cost efficiency.

Scientex Bhd recorded an 11% YoY increase in net profit to RM142.9m for 1QFY26, supported by effective cost controls and a higher contribution from better-margin products, while revenue rose 4% YoY to RM1.16bn.

Hi Mobility Bhd delivered a solid set of results for 3QFY25, posting a net profit of RM14.8mn on revenue of RM82.2mn, driven primarily by stronger contributions from its core scheduled bus operations.