KUALA LUMPUR (Jan 22): Here is a brief recap of some corporate announcements that made news on Monday:

Samaiden Group Bhd has bagged a RM100 million contract to build a 50-megawatt solar power plant (first phase) in Kulim Hi-Tech Park, Kedah. Samaiden said its unit Samaiden Sdn Bhd together with its consortium JS Solar Sdn Bhd have secured the engineering, procurement, construction and commissioning (EPCC) contract from Nur Renewables Sdn Bhd. Of the RM100 million contract value, RM92 million is the contract price while the remaining RM8 million is the optional items price. It added that solar modules will be free-issued by Nur Renewables. The works are expected to be finished by March 31, 2025. — Samaiden bags RM100m EPCC contract to build 50MW solar power plant in Kulim

UOA Real Estate Investment Trust’s (UOA REIT) net rental income fell 11.77% to RM18.76 million for the fourth quarter ended Dec 31, 2023 (4QFY2023), from RM21.26 million a year earlier, dragged down by lower gross rental and higher property operating expenses. The operating expenses increased due to higher electricity costs and routine lift maintenance that occurs every few years. Total income dropped 11.52% to RM18.94 million, from RM21.41 million in 4QFY2022. Net profit contracted 17.59% to RM11.38 million from RM13.81 million, while earnings per unit shrunk to 1.68 sen from 2.04 sen. Quarterly revenue dropped 3.52% to RM27.30 million, from RM28.3 million a year earlier. — UOA REIT declares lower DPU of 3.86 sen in 4Q as net rental income drops 12% 

Jentayu Sustainables Bhd, whose share price plummeted 58% over the last week, asserted that the recent selling wave does not accurately reflect the company's underlying fundamentals. The green energy solutions provider acknowledged the challenging week in the stock market, witnessing a significant reduction in share price over the past few trading days. However, the group believes these price fluctuations are short-term and do not represent its true fundamentals. — Loss-making Jentayu says sharp fall in share price does not reflect fundamentals

Bursa Malaysia on Monday again freezed the lower limit of the share price for Rapid Synergy Bhd and YNH Property Bhd following a sharp fall in both companies' prices. Bursa Securities previously freezed the lower limit for both stocks last Wednesday. The freeze was imposed because the counters were traded at static limit down prices for two consecutive days. — Bursa freezes lower limit share price for Rapid Synergy, YNH Property

Bina Darulaman Bhd (BDB), the Kedah state government’s investment holding company, has teamed up with Shanghai Youzhu Industry Co Ltd to pursue an industrial waste management project. BDB executive director Raja Shahreen Raja Othman said the collaboration is aligned with the Kedah Development Plan 2035 (PPK 2035) and is an integral component to the company's new strategic business plan. He said the proposed project mirrors regional aspirations outlined in PPK 2035 while aligning seamlessly with national and global initiatives, including the National Cleanliness Policy, National Climate Change Policy, and Sustainable Development Goals. — Bina Darulaman teams up with Chinese firm to pursue industrial waste management project

Global Man Capital Sdn Bhd has ceased to be a substantial shareholder in the information and communications technology (ICT) company G3 Global Bhd, following a disposal of 168.67 million shares or 4.47% in the company via off-market trade. Global Man Capital is linked to Datuk Wan Khalik Wan Muhammad and Datuk Khan Mohd Akram Khan. The sale, in which the buyer is unknown at the time of writing, resulted in Global Man Capital being left with 180 million shares or 4.77% in G3. — G3's largest shareholder cuts stake, now holds 4.77% in company

Ajiya Bhd slipped into a net loss of RM13.02 million in the fourth quarter ended Nov 30, 2023 (4QFY2023), compared to a net profit of RM9.48 million a year ago. The significant earnings contraction was primarily due to investment loss of RM9.57 million, and impairment of RM2.88 million for stock, RM3.1 million for retrenchment benefits, among others.
Loss per share stood at 4.47 sen, contrasting with earnings per share of 3.29 sen in 4QFY2023. Quarterly revenue, however, increased by 20.9% to RM89.64 million from RM74.17 million in the previous corresponding quarter, primarily due to an improvement in demand for the group’s products. — Ajiya posts RM13 mil loss in 4QFY2024 on investment loss, impairment

YNH Property Bhd and Sarawak Consolidated Industries Bhd (SCIB) have emerged among the top active stocks on Bursa on Monday, posting record levels of trading activity.At the time of writing, YNH Property, the property developer linked to prominent investor Datuk Dr Yu Kuan Chon, witnessed an all-time high trading volume of 218.95 million shares — exceeding 166 times its one-year daily average of 1.32 million shares.This is equivalent to 41.42% of its share base of 528.49 million shares.The counter hit limit-down again on two occasions earlier on Monday of 55.5 sen. At the time of writing, it pared losses to 56.5 sen — still down 29 sen or 33.92% from its previous close of 85.5 sen. — YNH Property’s trading volume surges to record high, SCIB top active stock

PGF Capital Bhd's net profit rose over two-fold in the third quarter ended Nov 30, 2023 (3QFY2024) to RM5.4 million from RM2.03 million a year ago, driven by higher revenue. Quarterly revenue surged 107% to RM36.7 million from RM17.75 million in the previous corresponding period, primarily due to improved production output and increased sales in the Oceania market in the insulation segment. PGF's insulation segment's profit before tax was RM7.44 million, compared to RM3.71 million previously, in line with the increase in revenue. The group is also involved in property development, where it recorded a slight increase in its loss before tax to RM0.26 million compared to a loss before tax of RM0.23 million a year ago. — PGF Capital's 3QFY2024 net profit, revenue doubles on Oceania market boost

TAS Offshore Bhd (TAS) via its wholly-owned subsidiary has secured shipbuilding contracts for three units of tugboats with a total value of RM22.6 million. The company said the contracts were signed with an existing customer from Indonesia. It said these vessels are expected to be delivered in the third quarter of 2025. TAS said the revenue generated from the contract is expected to contribute positively to its earnings for the financial year ending May 31, 2026. — TAS Offshore bags shipbuilding contracts worth RM22.6m