Samsung expects Q4 operating profit to triple to record high on chip shortage
SEOUL: Samsung Electronics on Thursday projected a three-fold jump in fourth-quarter operating profit from a year earlier to a record high as tight supply and a surge in artificial intelligence-driven demand stoked prices for conventional memory chips.
Trading ideas: Hibiscus, A1, Paramount, Vantris, Tien Wah, LGMS, Oriental, Sentoria, Sinmah, Central Global, Kee Ming, Hock Soon, Adnex
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Paramount to buy Putrajaya land for RM40mil
Paramount Corp Bhd is acquiring 2.62 acres of freehold land in Putrajaya as part of its land replenishment strategy, focusing on locations with strong fundamentals, connectivity and development readiness.
Central Global to be reclassified
Central Global Bhd will be reclassified under the construction sector and construction sub-sector of Bursa Malaysia effective Jan 12.
Pioneer Heat targets ACE Market listing
Pioneer Heat Holdings Bhd is eyeing a listing on the ACE Market of Bursa Malaysia.
Sentoria gets six-month extension
Bursa Malaysia has granted property developer Sentoria Group Bhd an extension of six months until June 3, 2026, to submit its regularisation plan.
Qube set for ACE Market listing
Qube International Bhd is eyeing a listing on the ACE Market of Bursa Malaysia.
Vantris Energy wins work orders totalling RM1.4bil
Vantris Energy Bhd, via its indirect wholly-owned subsidiary, Sapura Offshore Sdn Bhd, has been awarded work orders for offshore transportation and installation (T&I) in Malaysia by PETRONAS Carigali Sdn Bhd with a combined contract value of RM1.4bil.
Tien Wah Press signs JV deal to develop data centre
Lum Chang Tien Wah Property Sdn Bhd (LCTWP), a joint venture company of Tien Wah Press Holdings Bhd and Kemensah Holdings Pte Ltd, has entered into an agreement with MyTelehaus Sdn Bhd (MYT) to develop, own, lease and operate a data centre on a portion of its 1.61- acre land in Petaling Jaya, Selangor.
Datuk Poh Yang Hong is Iris Corp group MD
Iris Corp Bhd has appointed Datuk Poh Yang Hong as its group managing director.
