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KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Williams near US$5.5bil deal for Momentum Midstream
Oklahoma: Williams Cos is in advanced talks to acquire rival natural gas pipeline operator Momentum Midstream for about US$5.5bil in what would be one of its largest deals ever, people familiar with the matter said.
REITs remain a defensive play
PETALING JAYA: The outlook for Malaysia's real estate investment trust (REIT) sector remains positive despite recent market weakness, with MBSB Research viewing the selloff as a buying opportunity for investors seeking stable income and defensive earnings.
PetChem weighs sale of PPC after Aramco exit
PETALING JAYA: PETRONAS Chemicals Group Bhd (PetChem) is considering selling its entire 50% stake in Pengerang Petrochemical Company Sdn Bhd (PPC), shortly after Saudi Aramco announced its exit from the joint venture.
Soft US housing, furniture markets to weigh on Poh Huat
PETALING JAYA: Poh Huat Resources Holdings Bhd's earnings continue to be dragged by softer demand amid weakness in the US housing and furniture markets as recent results fall below expectations, according to TA Research.
Fleet expansion to fuel MISC’s 2030 targets
PETALING JAYA: MISC Bhd is expected to ramp up investments in its petroleum shipping business over the next few years as the group expands its fleet, grows its dual-fuel vessels, and accelerates its push into new energy businesses to meet its 2030 cash-flow targets.
Beshom braces for tougher FY27 as inflation hits non‑essential spending
PETALING JAYA: Health and wellness products retailer Beshom Holdings Bhd is expected to face a challenging year ahead, underscored by inflationary pressures and softer consumer sentiment.
TNB’s RE push to lift earnings
PETALING JAYA: Tenaga Nasional Bhd's (TNB) expanding investments in battery energy storage systems (Bess) and hybrid hydro floating solar (HHFS) developments are expected to strengthen its long-term earnings growth, supported by rising electricity demand from data centres and Malaysia's energy transition.
United Malacca to ride potential upside
PETALING JAYA: United Malacca Bhd is well positioned to benefit from any potential upside in crude palm oil (CPO) prices, given its status as a pure upstream plantation player, analysts say.
PMW secures RM12mil fibre optics contract
PETALING JAYA: PMW International Bhd's wholly owned subsidiary, PMW Marketing Sdn Bhd, has secured an RM11.84mil contract from Global Technological Support Sdn Bhd to supply and deliver pre-stressed spun concrete poles for the Point of Presence Phase 2 (POP2) infrastructure and fibre optics hub project.
