KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.
From AI megaprojects and oversubscribed rights issues to winding-up petitions and delistings, here's your quickfire roundup of Malaysia’s corporate movers:
YTL Power’s RM10B AI Mega Move
YTL Power International has made a massive RM10 billion investment into AI and data infrastructure, hosting top-tier GPU chips (including Nvidia’s ultra-fast GB200 Blackwell) in what it claims is one of the world’s largest data centre parks. The company is urging local firms to plug into its AI ecosystem to future-proof their growth.
Investor Insight: YTL Power is aggressively positioning itself as Malaysia’s AI backbone. Watch this space.
Binastra Wins RM405M Deal in Bukit Jalil
Binastra Corp bagged another RM405 million residential contract from Exsim Jalil Link for a 1,004-unit project. Notably, this is a related party transaction, as its MD and ED hold stakes in Exsim.
Timeline: 41 months from project start
Project Name: The Queenswoodz
Sapura Energy’s Make-or-Break EGM on July 30
The PN17-status oil-and-gas firm is seeking shareholder nod for a bold restructuring plan, including debt overhaul, capital reduction, a 20-to-1 share consolidation, and a potential exit from PN17.
CEO’s Take: “Decisive step to rebuild profitability.”
SkyWorld Launches RM13B Affordable Housing in Penang
SkyWorld is acquiring 25.9 acres in Batu Kawan for RM48.5 million under the Rumah Bakat Baru Madani (RBB) initiative. Targeting mid-income earners, homes will be priced from RM225k to RM420k.
Land size: Part of a 161.5-acre master plan
Joint Developer: Penang Development Corp
Bina Puri Faces More Tax Trouble
Two subsidiaries have been served winding-up petitions over unpaid taxes of RM5 million. With at least five such cases this year, Bina Puri’s financial health remains under pressure.
Hearings: Sept 29
Alliance Bank Rights Issue Oversubscribed by 55%
Investors rushed to grab new shares in Alliance Bank’s latest rights issue (2 for 17 at RM3.33), raising RM606 million. Proceeds will fund investments in treasury and money markets.
Listing Date: July 15
AEON Credit Profit Drops 27% Despite Higher Revenue
1QFY2026 net profit dipped to RM77.6 million, dragged by higher impairment losses, even as revenue climbed 15% to RM599.9 million.
Dividend: None declared for the quarter
NPC Resources Delisting After RM143M Buyout
The Sabah-based plantation firm will be delisted July 11, following a successful privatisation at RM2.82/share by its MD Datuk Loo Pang Kee.
Stake acquired: 43.4% or 50.7 million shares
Comments
Post a Comment