Trading ideas: Sunway, Velesto, AwanBiru, ECM Libra, MUI Properties, PRG, Ramssol, Reservoir Link, LSH, MN, MI
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
European chemical firms test demand recovery
BERLIN: European chemical companies are expected to report second-quarter results reflecting temporary support from Middle East conflict-related supply disruptions, though investors are increasingly focused on whether the uplift can counter weak demand and mounting competition from Asian producers.
Stratus Global targets up to four fab projects
PETALING JAYA: Stratus Global Holdings Bhd is well-positioned to benefit from the healthy global wafer fab expansion pipeline.
PetDag holds firm amid fuel supply risks
PETALING JAYA: Fuel retailer PETRONAS Dagangan Bhd (PetDag) is expected to maintain uninterrupted fuel supplies despite heightened geopolitical tensions, supported by healthy inventory levels and close coordination with Petco Trading Labuan Co Ltd.
IKEA puts eight China store properties up for sale
BEIJING: Ingka Group has recently appointed JLL, an international real estate agency, to exclusively sell eight self-owned IKEA store properties in China, as the retailer shifts toward a small-format store strategy in the country.
How a K-pop app became Big Tech’s data supplier
SEOUL: In July 2013, with "Gangnam Style" past a billion views on YouTube and still climbing, Psy sent his global followers to a tiny Seoul startup: "Use flitto.com to read my tweets in your own language."
Profitability turnaround on the horizon for Inari
PETALING JAYA: Inari Amertron Bhd's earnings appear to be nearing a turning point after several years of declining profitability, with two research houses expecting artificial intelligence (AI)-related demand and a recovery in its core radio frequency (RF) business to drive a stronger growth cycle from 2027 onwards.
CBH Engineering earnings expected to accelerate on DC boom
PETALING JAYA: Mechanical and electrical engineering services outfit CBH Engineering Holding Bhd may see earnings momentum accelerate from the second quarter ended June 30, 2026 (2Q26), as approximately RM600mil of the company's outstanding order book is recognised, says TA Research.
British AI startup targets new materials
NEW YORK: Producing the world's most in-demand semiconductors requires enormous amounts of energy and access to rare minerals.
Velesto terminates Naga 8 drilling rig contract
KUALA LUMPUR: Velesto Energy Bhd has terminated a contract for the provision of its Naga 8 jack-up drilling rig services for PC Ketapang II Ltd, PC North Madura II Ltd and PETRONAS North Ketapang Sdn Bhd.
