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Market Daily Report: Bursa Malaysia Ends Nearly Flat As Construction Stocks Attract Buying

 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.
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Corporate Malaysia Roundup: DRB-Hicom’s RM426m Aerospace Buy, NexG Rebrand, Mega Land Deals, and Renewable Energy Push

Aerospace & Manufacturing

DRB-Hicom Bhd (KL:DRBHCOM)

  • Deal Value: RM426.1 million

  • Details: Acquiring the Malaysian operations of Spirit AeroSystems, enhancing CTRM’s aerospace capabilities.

  • Supplies Airbus & Boeing programmes (A220, A320, A321, A350, B737, B787) from Subang hub.

Master Tec Group Bhd (KL:MTEC)

  • 2QFY2025 Revenue: RM104.82 million (+44% YoY)

  • Net Profit: RM6.92 million (-20.5% YoY) due to higher costs.

  • Declared dividend: 0.69 sen/share.

Hup Seng Industries Bhd (KL:HUPSENG)

  • 2QFY2025 Revenue: RM84.84 million (+5.7% YoY)

  • Net Profit: RM8.51 million (-5.7% YoY) on higher input costs.

  • Declared dividend: 2 sen/share.

Construction & Infrastructure

Inta Bina Group Bhd (KL:INTA)

  • Contract Value: RM264.5 million

  • Scope: Build two serviced apartment blocks in Segambut, KL.

  • Client: GDP Architects (on behalf of IJM Land & FCW Holdings JV).

Critical Holdings Bhd (KL:CHB)

  • Contract Value: RM40.76 million

  • Scope: M&E works, cleanroom architecture, and process utilities for a US-based AI tech multinational.

  • Duration: Aug 15 – Nov 21, 2025.

Property & Landbank Expansion

Y&G Corp Bhd (KL:Y&G)

  • Total Deal: RM477 million

  • Acquisitions:

    • 95.02 acres in Sepang (RM206m)

    • 367 acres in Ujong Permatang (RM189m)

    • 86.4 acres via company acquisition in Sepang (RM82m)

  • Related-party transaction with MD Datuk Seri Yap Seng Yew’s family.

HCK Capital Group Bhd (KL:HCK)

  • Land Purchase: RM19.35 million for 1.23 acres in Setia City BizPark.

  • Cumulative acquisition from Bandar Setia Alam: 3.66 acres for RM57.99 million.

Renewable Energy & Utilities

Citaglobal Bhd (KL:CITAGLB)

  • Acquisition: 70% stakes in Slim & Kampar hydropower projects for RM15 million.

  • Revenue Potential: RM19 million annually via TNB power purchase agreements.

ES Sunlogy Bhd (KL:SUNLOGY)

  • Consortium: 40:60 JV with Planet QEOS Sdn Bhd.

  • Project: 155 MWp solar hybrid plant + 310 MWh battery storage in Baram, Sarawak.

Corporate Restructuring & Shareholding Changes

Classita Holdings Bhd (KL:CLASSITA)

  • Rebrand: To be renamed NexG Bina Bhd.

  • Board Changes: Former IGP Tan Sri Razarudin Husain appointed chairman; Ng Keok Chai redesignated; Datuk Mior Faridalathrash Wahid stepped down.

Avillion Bhd (KL:AVI)

  • New Shareholder: Lim Chai Hock acquires 15% stake (213 million shares) via private placement.

  • Placement price: RM0.04/share; gross proceeds RM11.32 million.

KNM Group Bhd (KL:KNM)

  • Debt Restructuring: Creditors approve scheme to cut RM182.04 million in interest & penalties from RM1.93 billion debt.

Key Takeaways for Investors

  1. M&A Momentum – Large-scale acquisitions in aerospace (DRB-Hicom) and landbank (Y&G, HCK) signal long-term strategic positioning.

  2. Mixed Earnings – Revenue growth in Master Tec & Hup Seng offset by higher costs.

  3. Construction & Infrastructure Boost – Significant contract wins for Inta Bina & Critical Holdings.

  4. Green Energy Push – Citaglobal & ES Sunlogy making strategic moves in renewable energy.

  5. Corporate Reshaping – Rebrands, new shareholders, and debt restructuring may influence market sentiment.

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