KUALA LUMPUR (Nov 21): Here is a brief recap of some business news and corporate announcements that made the headlines on Friday:
Malayan Banking Bhd’s (KL:MAYBANK) net profit rose 3% year-on-year (y-o-y) to RM2.62 billion in the third quarter, from RM2.54 billion, thanks to both interest and non-interest income. Y-o-y, net interest income was up 2.5% during the quarter while non-interest income was 4.8% higher. Maybank maintained its return-on-equity target of at least 11.3% for the year. Maybank's net interest margin, which measures profitability by comparing income from loans to expenses on deposits, improved two basis points from the second quarter thanks to liquidity and funding costs management. On a year-on-year basis, however, the margin was lower by one basis point. No dividend was declared for the quarter under review. — Maybank 3Q net profit rises 3% as interest, non-interest income climb
KPJ Healthcare Bhd’s (KL:KPJ) net profit rose 9.2% y-o-y to RM93.91 million for the third quarter ended Sept 30, 2025 (3QFY2025), from RM86.03 million, boosted by higher patient visits and expanded bed capacity. Quarterly revenue climbed to a record RM1.12 billion, up 8.6% from RM1.03 billion in 3QFY2024. It declared a dividend of 1.23 sen per share for the quarter. The dividend is payable on Dec 23, bringing the total payout for the year to 4.23 sen, compared with 4.15 sen the year before. It said the Ministry of Health’s delay of the DRG hospital payment system to 2027 gives more clarity for a smoother transition. The rollout of basic medical and health takaful insurance is also set for 2027. — KPJ Healthcare sees 9.2% jump in 3Q net profit, says DRG delay adds clarity
Bintulu Port Holdings Bhd (KL:BIPORT), the operator of Sarawak’s largest port, posted a more than 15% rise in net profit to RM32.2 million for 3QFY2025, from RM28 million a year earlier, on higher revenue and lower operating expenses. The group owns Bintulu Port — Malaysia’s only liquefied natural gas (LNG) export terminal — and also operates Samalaju Industrial Port, which serves the Samalaju Industrial Park. Quarterly revenue inched up 0.8% to RM204.4 million from RM202.8 million, mainly due to an increase in the handling of cargo and LNG vessel calls following the major maintenance shutdown in the previous quarter, as well as higher supply base activity. It declared a third interim dividend of four sen per share, payable on Dec 22. This brings total dividends for FY2025 to 10 sen per share. — Bintulu Port’s 3Q net profit up 15%, pays four sen dividend
Master Tec Group Bhd’s(KL:MTEC) net profit increased by 43.9% y-o-y to RM8.59 million 3QFY2025, versus RM5.97 million a year earlier, attributed to its manufacturing segment and high demand for low-voltage (LV) power cables. Quarterly revenue rose 32.2% y-o-y to RM115.83 million, compared to RM87.63 million. No dividend was declared for the financial quarter under review. — Master Tec sees high demand for low-voltage power cables with 43.9% rise in 3Q net profit
AuMas Resources Bhd (KL:AUMAS) saw its net profit more than doubled to RM25.41 million for the fourth financial quarter ended Sept 30, 2025 (4QFY2025), from RM11.13 million, supported by a strong recovery in gold production after earlier operational disruptions were resolved. Revenue surged 58.4% y-o-y to RM98.5 million from RM62.19 million, driven by higher gold output of 199.44kg at an average price of RM491,000 per kg, and silver output of 154.15kg at prevailing market price of RM3,200 per kg. The improvement came as the group overcame earlier disruptions caused by an alleged sabotage incident in May 2025 at its Bukit Mantri mine, which had collapsed its tailings storage facility and curtailed operations in the third quarter. The group renewed its operational mining scheme in October, ensuring operational continuity it said. — AuMas Resources 4Q net profit doubles on operational recovery, favourable gold prices
SkyWorld Development Bhd (KL:SKYWLD)’s net profit nearly halved to RM7.93 million for the second quarter ended Sept 30, 2025 (2QFY2026), from RM14.53 million a year earlier, reflecting the gestation phase in project development after completing several major projects last year. Quarterly revenue also fell 30.3% to RM86.68 million from RM124.33 million. Correspondingly, it declared a lower dividend of 0.22 sen per share, down from 0.5 sen a year ago. The dividend is payable on Jan 15, 2026. — SkyWorld's 2Q earnings decline, unbilled sales rise on new launches
Sabah-based port operator Suria Capital Holdings Bhd’s(KL:SURIA) net profit jumped nearly 20% to RM20.33 million in 3QFY2025, versus RM16.98 million a year earlier, on the back of higher recognition of revenue from its property development segment. Revenue for the quarter jumped 75% y-o-y to RM125.3 million. It declared an interim dividend of 1.50 sen per share, payable on Dec 26. — Suria Capital's 3Q net profit rises 20%, declares 1.5 sen interim dividend
Construction outfit Pesona Metro Holdings Bhd (KL:PESONA) more than doubled its net profit to RM10.9 million for 3QFY2025, from RM4.82 driven by stronger project margins from ongoing works and contributions from its newly acquired property development subsidiary. Revenue rose 27.1% to RM197.49 million from RM155.42 million a year earlier, supported by higher progress billings from construction projects and property development income. No dividend was declared for the quarter. As at end-Sept, the group’s construction order book stood at RM2.5 billion, comprising nine ongoing projects that are expected to sustain revenue. — Pesona Metro’s 3Q net profit more than doubles, order book at RM2.5b
Palm oil producer Sarawak Plantation Bhd (KL:SWKPLNT) has named Iswandi Ayub, 38, as its next group chief executive officer effective Jan 1, 2026. Iswandi, 38, is the grand nephew of the company's executive chairman Datuk Amar Abdul Hamed Sepawi. It reported a largely flat net profit of RM31.12 million for the 3QFY2025, compared with RM31.07 million a year earlier, as lower sales volumes of crude palm oil (CPO) and palm kernel offset higher average selling prices. Quarterly revenue fell 6.3% to RM139.68 million from RM149.07 a year earlier. It declared a second interim dividend of 15 sen per share, payable on Dec 26, 2025. — Sarawak Plantation names scion Iswandi Ayub as CEO; 3Q net profit flat
Ken Holdings Bhd’s(KL:KEN) unit St Paul’s Ventures Ltd, is acquiring nine freehold residential units in central London for £5.16 million (RM27.98 million). The units, located on North Gower Street in London, have a combined net lettable area of 6,248 sq ft and, based on existing tenancies, could generate annual rental income of £330,576 (RM1.79 million). This translates into a rental yield of about 6.4%. The acquisition will be fully funded through internally-generated funds, without external financing. — Ken Holdings buys nine central London residential units for £5.16m
Mah Sing Group Bhd (KL:MAHSING) is expanding its presence in the Setapak area with the proposed acquisition of 2.79 acres of leasehold land in Sri Rampai for RM44.5 million. It said the acquisition forms part of its strategy to grow in high-demand urban corridors, noting that the site in Sri Rampai sits within a well-established residential catchment. — Mah Sing ramps up Setapak presence with Sri Rampai land purchase
Tan Chong Motor Holdings Bhd's (KL:TCHONG) net loss for the third quarter narrowed by a third from last year on the back of higher revenue and lower net foreign exchange losses, partially offset by higher impairment losses on receivables. The net loss for the three months ended Sept 30, 2025 (3QFY2025) stood at RM60.25 million, a reduction of 33.27% compared with RM90.28 million previously. — Tan Chong posts reduced net loss in 3Q on improved revenue, lower forex losses
Newly-listed Insights Analytics Bhd’s (KL:IAB) water technology solutions unit has secured a RM11.46 million subcontract to design, build and operate a performance-based water supply project to address acute shortages in the Nibong Tada area of Sibu Division, Sarawak. Work is scheduled to begin on Nov 24, with the scope of work including system design and construction, followed by a 60-month operation and maintenance period after the scheduled completion date of May 7, 2026. — Insights Analytics’ water tech unit wins RM11.46m Sarawak water supply project
Land & General Bhd (KL:L&G) reported a more than six-fold rise in quarterly net profit on Friday, on higher contributions from its property and education segments, as well as a higher share of results of joint ventures. Net profit for the group's second quarter ended Sept 30, 2025 (2QFY2026) stood at RM14.07 million, compared with RM2.17 million a year earlier, the property developer's bourse filing showed. — Land & General's 2Q earnings jump on better showing by property, education segments
PETRONAS Chemicals Group Bhd (KL:PCHEM) was still in the red in the recently-ended quarter though the losses were sharply narrower as the ringgit strengthened. Net loss for the three months ended Sept 30, 2025 (3QFY2025) was RM289 million, compared with RM789 million in the same quarter last year, the company said in an exchange filing. — PETRONAS Chemicals cuts 3Q losses, flags continued margin pressure from oversupply and weak demand
Loss-making LYC Healthcare Bhd (KL:LYC), which operates confinement centres and aesthetic clinics, said it is being sued by one of its key partners, aesthetic doctor Dr Dinesh Kanasen. The lawsuit centres on alleged oppressive conduct in LYC Beauty & Wellness, a subsidiary formed after LYC acquired Tao Global Ventures Sdn Bhd in 2022 for RM4 million, which came with a two-year profit guarantee. Tao Global Ventures is the vehicle that owns medical aesthetic clinic Dr D Clinic and beauty and wellness centre iBody by Dr D, both founded by Dinesh. — LYC Healthcare says key partner suing group, seeking to wind up aesthetics unit - The Edge