KUALA LUMPUR (Nov 18): Here is a brief recap of some corporate announcements that made the news on Monday.
 
CelcomDigi Bhd (KL:CDB) has revised down its full-year guidance — expecting service revenue to be “flat- to slightly decreased,” from the previous projection of a “low single-digit increase”, while cutting its earnings before interest and tax (Ebit) growth outlook to a “low single-digit decrease”, from an earlier forecast of a “single-digit decrease”. The telco giant reported a 4.1% year-on-year drop in its net profit to RM436.98 million in its third quarter ended Sept 30, 2024 (3QFY2024), from RM455.72 million, as its total costs climbed 5.2% amid rising roaming cost, device subsidies, as well as 5G access and fibre expenses. Revenue rose 0.7% to RM3.13 billion from RM3.10 billion in 3QFY2023. It declared a third interim dividend of 3.6 sen per share – to be paid on Dec 23. For the nine months ended Sept 30, 2024 (9MFY2024), CelcomDigi’s net profit increased 9.2% to RM1.22 billion from RM1.12 billion in 9MFY2023, despite its cumulative revenue largely unchanged at RM9.4 billion. — CelcomDigi cuts key financial target after net profit slips in 3Q
 
Ajinomoto (Malaysia) Bhd's (KL:AJI) net profit surged 76.66% to RM18.29 million in the second quarter ended Sept 30, 2024 (2QFY2025), from RM10.35 million, helped by stronger sales from both consumer business and industrial business segments, and lower raw material costs. Quarterly revenue grew 11.61% to RM183.44 million from RM164.36 million a year before. For the first six months FY2025 (6MFY2025), its net profit jumped 64.93% to RM37.22 million from RM22.57 million in 6MFY2024, as cumulative revenue expanded by 13.42% to RM354.88 million from RM312.89 million. — Ajinomoto's 2Q profit jumps 77% on higher sales, lower raw material costs
 
Master Tec Group Bhd’s (KL:MTEC) third quarter net profit only grew 3% to RM5.97 million for its third quarter ended Sept 30, 2024 (3QFY2024) from RM5.78 million in 3QFY2023, despite registering 34.4% year on year jump in its quarterly revenue to RM87.63 million. The group's operating profit margin dropped to 9% from 14.1%. It declared a second interim dividend of 0.18 sen per share, payable on Dec 16. — Master Tec sees slight rise in 3Q profit despite revenue jumping 34% as margin drops
 
TMC Life Sciences Bhd’s (KL:TMCLIFE) net profit for the first financial quarter ended Sept 30, 2024 (1QFY2025) plunged 80.6% to RM2.94 million from RM15.14 million a year ago, as the healthcare group posted a lower revenue while its staff costs and other operating expenses rose. Quarterly revenue fell 11.3% to RM81.97 million from RM92.44 million a year earlier. — TMC Life Sciences 1Q net profit plunges 81%
 
Perak Transit Bhd’s (KL:PTRANS) net profit for the three months ended Sept 30, 2024 (3QFY2024) increased 6.72% to RM17.71 million from RM16.6 million a year ago — marginally eclipsing its previous quarterly record earnings of RM17.69 million in 2QFY2024, thanks to higher fees from development services as well as rental income and revenue sharing contributions from its terminals’ tenants. Revenue for the quarter jumped 19.3% to RM52.08 million from RM43.65 million. It declared a fourth interim dividend of 0.5 sen per share, payable on Feb 17, 2025. — Perak Transit’s 3Q net profit up 6.7%; declares 0.5 sen dividend
 
UEM Sunrise Bhd (KL:UEMS) has received development approval for its 0.49ha site in Perth, Australia for a mixed-use development with a gross development value potential of A$450 million (RM1.3 billion). The development will involve tiered heights of 36 and 26 storeys for Lot 1, and 11 storeys for Lot 2, offering a mix of one- to three-bedroom apartments and townhouses with diverse amenities. — UEM Sunrise secures development approval for its first project in Perth, Australia
 
EA Technique (M) Bhd (KL:EATECH) has secured three contract extensions valued at RM63.9 million from Petronas. The largest of the extensions is worth RM41.0 million for tugboat services followed by two emergency standby vessel (ESV) services with a combined value of RM22.9 million. All three agreements, each spanning two years, are set to start in November. The group now has a firm orderbook totalling RM169 million and another RM217.2 million in optional contracts. — EA Technique secures three contract extensions worth nearly RM64m
 
AWC Bhd (KL:AWC) has secured a RM48.57 million contract to provide facilities management and maintenance services at Menara Seri Wilayah in Putrajaya. The five-year contract will run from Dec 12, 2024, to Dec 11, 2029. — AWC secures RM49 mil maintenance contract in Putrajaya
 
Johor Plantations Group Bhd (KL:JPG) has appointed Johor Corporation (JCorp) affiliated company JL Projects Sdn Bhd as the project manager consortium (PMC) for the construction of its integrated sustainable palm oil complex (ISPOC) for RM30.99 million. The ISPOC has an initial development value of RM500 million and is expected to be completed by mid-2026. — Johor Plantations appoints JCorp unit to oversee construction of integrated refinery in Kota Tinggi
 
Berjaya Corp Bhd (KL:BJCORP) has sold 32 million shares or 4.14% equity stake in REDtone Digital Bhd (KL:REDTONE), for RM29.76 million in cash via direct business transaction. The group will book a gain of RM7.68 million on the disposal, which will be reflected in BCorp’s equity position. — BCorp trims 4.14% stake in REDtone, to book RM7.7m gain
 
Datuk Doh Tee Leong, major shareholder of Lagenda Properties Bhd (KL:LAGENDA) and Epicon Bhd (KL:EPICON) has triggered a takeover offer for Mercury Industries Bhd (KL:MERCURY) after having purchased 59.88% stake. Doh has launched an unconditional mandatory takeover offer at 90 sen apiece for the remaining 40.12% stake for RM23.22 million. — Lagenda Properties, Epicon major shareholder Doh Tee Leong triggers takeover offer of Mercury Industries
 
Gandingan Jakel Sdn Bhd said it is actively working with Kuala Lumpur City Hall (DBKL) to address concerns at its J Satine project in Wangsa Maju, following a stop-work order issued by the authorities on Nov 8. TCS Group Holding Bhd’s (KL:TCS) wholly owned subsidiary TCS Construction Sdn Bhd was appointed as main contractor by the JV company Jayyid Land Sdn Bhd in June 2021. — Gandingan Jakel says working with City Hall to address J Satine's stop-work order
 
MMAG Holdings Bhd’s (KL:MMAG) Guidance Note 3 (GN3) status has been granted a waiver by Bursa Securities after raising RM237.43 million – RM145.34 million from its six-for-one rights issue at 10 sen per share in January, and RM92.09 million from warrant conversion from January to September. It fell into GN3 after its shareholders equity fell below 50% of issued share capital in the year ended March 31, 2023 (FY2023). In the 18 months ended September 2024, MMAG posted a net loss of RM95.71 million, on revenue of RM824.44 million. At end-June, it was in a net-cash position of RM52.6 million, not taking into account lease liabilities of RM52.62 million. — MMAG gets GN3 status waiver from Bursa Securities
 
Pecca Group Bhd (KL:PECCA) has on Monday declared a special dividend of 1.5 sen per share for the financial year ended June 30, 2024 (FY2024). Total payout for FY2024 amounts to 6.5 sen per share, with a dividend payout ratio of 88.79%. — Pecca declares 1.5 sen special dividend, total dividend amounts to 6.5 sen per share
 
OM Holdings Ltd’s (KL:OMH) manganese alloys workshop suffered minimal damage on Sunday (Nov 17) due to overflow of molten material from casting moulds. The incident was contained, and the company maintains its production guidance of 460,000 to 490,000 tonnes per annum for the financial year 2024. — OM Holdings' manganese alloys workshop sustains small damages, maintains production guidance for FY2024