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Quick Summary Zetrix AI raised ~US$40 million from IFC Funds to expand digital infrastructure across Southeast Asia AI unit “AI Foundation Lab” targeting  Nasdaq listing by end-2026 Focus on digital ID, blockchain and AI-powered public systems Funding Boost From World Bank Arm Malaysia-listed  Zetrix AI Bhd  has secured approximately  US$40 million  in equity funding from the  International Finance Corp  (IFC) . The investment aims to: Expand  digital public infrastructure (DPI) Support emerging markets in Southeast Asia and beyond Strengthen AI-driven service delivery Nasdaq Listing in the Pipeline Zetrix is preparing to spin off and list its AI-focused subsidiary,  AI Foundation Lab , on  Nasdaq  by the end of 2026. According to group managing director TS Wong: The company is actively working toward the listing Target completion:  year-end 2026 Key move:  Positioning a Malaysian AI unit directly on US capital markets. St...

  Key Takeaways: Property expansion:  SkyWorld, Citaglobal, Classita/NexG, and Bina Puri drive growth through new projects and land acquisitions. Governance & legal updates:  Econpile and Vantris (ex-Sapura) clarify legal matters; CIMB announces senior leadership change. Strategic initiatives:  DXN leverages luxury assets for distributor incentives; Perak Transit targets recurring revenue with smart bus stops. Partnerships:  Scicom and Telekom Malaysia collaborate on AI-driven customer engagement. Property & Infrastructure Developments SkyWorld Development (SKYWLD):  To acquire a  2.33-acre site in Ho Chi Minh City  for RM136m. Plans a 40-storey tower with  1,200+ apartment units  plus retail and service facilities. Citaglobal (CITAGLB):  Exercised a  RM90m land option in Pahang  to independently develop a 247-acre industrial park via its property arm. Classita Holdings (CLASSITA → NexG Bina):  Selling non-cor...

A Landmark Tender Attracts Heavyweights and Rising Contenders Malaysia’s first-ever grid-scale battery energy storage system (BESS) tender — known as  MyBeST  — has sparked intense interest, drawing over 20 bidders across more than 30 proposals. The ambitious programme aims to develop  four 100MW/400MWh  battery assets to support solar integration and address peak power demands in Peninsular Malaysia. Heavyweights such as  Tenaga Nasional, YTL Power, and Malakoff  have thrown their hats into the ring, alongside emerging players and EPCC specialists. Notably, some companies submitted multiple bids via subsidiaries or consortiums, underscoring the sector’s lucrative long-term potential. Front Runners: Tenaga’s Track Record and Consortium Advantage Tenaga Nasional Bhd (TNB) is seen as a  likely frontrunner , given its experience with a similar-capacity battery project in Dungun, Terengganu. Meanwhile,  YTL Power and Malakoff-linked entities  bri...

Sime Darby Property (SIMEPROP)  is seeking up to  RM3 billion  in bank loans to fund a data centre project in Malaysia that will be leased to  Google , Bloomberg reports. The proposed five-year loan includes a two-year extension option. Cuckoo International (CKI)  posted a  1.83% QoQ dip  in 2QFY2025 net profit to  RM27.35 million , hit by listing expenses and higher impairments. Revenue rose 3.5% to  RM306.67 million , driven by its CUCKOO co-created segment. Keyfield International (KEYFIELD)  saw  2QFY2025 net profit fall 5.26% YoY  to  RM66.36 million  on softer OSV demand and lower charter rates, despite booking  RM25.7 million  from a vessel disposal. Revenue dropped 33.7% to  RM131.97 million . I-Bhd (IBHD)  more than doubled 2QFY2025 net profit to  RM11.45 million , supported by stronger performance across leisure, property development, and property investment. Revenue rose 12% to ...

Here are the highlights from Friday’s corporate news flow: Globetronics Defends RM45m Mpire Buy Globetronics Technology (KL:GTRONIC) justified its  RM45.05 million acquisition  of loss-making Mpire Global (KL:MPIRE), calling it a strategic diversification move. The deal gives Globetronics a foothold in fleet management and logistics-enabled services as part of its long-term transformation plan. Ecobuilt Secures RM35m Shah Alam Project Ecobuilt Holdings (KL:ECOHLDS) won a  RM34.65 million contract  to build a 25-storey serviced apartment block with 264 units in Shah Alam. Construction starts July 2025 and is slated for completion by May 2027. CTOS Digital 2Q Profit Down 17% Credit information provider CTOS Digital (KL:CTOS) reported a  net profit of RM21.16 million , down from RM25.5 million a year ago, citing higher depreciation and operational costs. EPS slipped to 0.9 sen. Salcon Deputy Chairman Buys Into Eduspec Tan Sri Tee Tiam Lee, executive deputy chairman...

Genting Bhd   reported a   57% drop   in   3QFY2024 net profit   to   RM223.8 million , down from   RM520.52 million   a year earlier, primarily due to   RM207.3 million in property, plant, and equipment (PPE) write-offs , compared to   RM1.3 million   last year. Revenue fell   11.2%   year-on-year to   RM6.54 billion , marking its lowest since   1QFY2023 . Key Segment Highlights: Leisure and Hospitality: Resorts World Sentosa (RWS):  Lower  VIP rolling volume  and  win rate  reduced revenue and EBITDA. Resorts World Genting (RWG):  Higher operating expenses led to lower EBITDA. UK and Egypt:  Increased business volume boosted revenue and EBITDA. US Resorts (New York City & Bimini):  Lower revenue and higher costs reduced EBITDA. Resorts World Las Vegas (RWLV):  Occupancy at  85.1%  and Average Daily Rate (ADR) at  USD244 , impacted by an  abnor...

Key Takeaway: Five stocks at Bursa Malaysia exhibited negative momentum as of the afternoon close on Tuesday, with varied price and volume movements identified using a proprietary algorithm. Stocks with Negative Momentum: PLB Engineering Bhd (KL ): Price Movement: Up 1 sen (+0.88%) to RM1.15 . Analabs Resources Bhd (KL ): Price Movement: Up 1 sen (+0.54%) to RM1.86 . Magni-Tech Industries Bhd (KL ): Price Movement: Unchanged at RM2.54 . Classita Holdings Bhd (KL ): Price Movement: Unchanged at 6.5 sen . Cypark Resources Bhd (KL ): Price Movement: Unchanged at 90 sen . Insights on Momentum: The negative momentum indicator suggests a potential declining trend in price on increased trading volume . Momentum typically persists for a short period , and price movement could shift in either direction. Evaluation Tips: This list is not a buy or sell recommendation . Investors should review each stock’s fundamental and valuation scores for a better understanding of its potential. For i...