2 days ago
Trading ideas: Yinson, Zetrix AI, Ekovest, Insas, BFood, Ireaka, TechStore, Smile-Link, KAB, FSMB, MMC Port, Eco-Shop, Alpha IVF
Zetrix AI Bhd, formerly MyEG Services Bhd , is no longer involved in foreign worker permit renewals after its government contract ended. The Home Ministry opted not to extend the one-plus-one-year arrangement, awarding a 6-year deal to Bestinet Sdn Bhd instead.
The proposed RM450.0mn merger between Ekovest Bhd and its sister company Knusford Bhd has collapsed after the third deadline lapsed on 27 July 2025, without a deal or extension.
Insas Bhd has become the largest shareholder in Microlink Solutions Bhd after subscribing to 479.5mn rights shares at 16.0sen each, raising its stake to 32.9%.
Berjaya Food Bhd has proposed a bonus issue of up to 885.9mn warrants, on the basis of 1 warrant for every 2 shares held.
Ireka Corporation Bhd has received a mutual termination notice for its RM1.1bn Pan Borneo Highway subcontract with Gammerlite Sdn Bhd, following funding issues and the exit of main contractor MTD Construction.
TechStore Bhd has secured a contract from the Royal Malaysian Customs Department to provide leasing and training services for 4 baggage scanner units and 2 body scanner machines with accessories for RM7.7mn.
Bursa Malaysia has issued a public reprimand to Smile-Link Healthcare Global Bhd for violating the Leap Market listing requirements.
Datuk Gan Kong Hiok has emerged as a substantial shareholder in Kinergy Advancement Bhd following the acquisition of a 6.1% stake in the group.
Tan Sri Syed Zainal Abidin Syed Mohamed Tahir has ceased to be a substantial shareholder of FSBM Holdings Bhd after trimming his stake to 4.90% stake from 8.8% in the group.
MMC Port Holdings aims to finalise its cornerstone investor lineup as early as August, ahead of a planned listing on Bursa Malaysia in October that could raise over RM6.3bn.
Eco-Shop Marketing Bhd 's 4QFY25 net profit fell 10.1% YoY to RM57.0mn due to a 65.1% YoY surge in operating expenses, driven by store expansion, minimum wage hikes and IPO-related costs.
Alpha IVF Group Bhd recorded a 14.7% YoY increase in net profit to RM16.1mn for its 4QFY25 as revenue grew 7.0% YoY to RM50.0mn due to improved performance to higher sales from the provision of assisted reproductive services.
