KUALA LUMPUR (May 14): Here is a brief recap of some business news and corporate announcements that made the headlines on Wednesday.

CelcomDigi Bhd’s (KL:CDB) net profit rose nearly 9% to RM418 million in the first quarter ended March 31, 2026 (1QFY2026) from RM384 million a year earlier, driven by lower operating expenses and device costs. Revenue was stable year-on-year at RM3.21 billion. The group declared an interim dividend of 3.4 sen per share, payable on June 30. — CelcomDigi posts 9% growth in 1Q net profit, declares 3.4 sen dividend

Sunway Real Estate Investment Trust’s (KL:SUNREIT) net property income rose 4.6% to RM164.42 million in 1QFY2026 from RM157.19 million a year earlier, supported by stronger retail contributions and lower operating costs. Revenue edged up 1.9% to RM223 million from RM218.86 million. The trust’s performance was also lifted by contributions from AEON Mall Seri Manjung, which was acquired from YNH Property Bhd (KL:YNHPROP) in July last year. — Sunway REIT’s 1Q property income rises nearly 5% on stronger retail performance, lower costs

Pawnshop operator Pappajack Bhd (KL:PPJACK) posted a 44.62% jump in 1QFY2026 net profit to a record RM9.04 million from RM6.25 million a year earlier, driven by higher profit margins. Quarterly revenue rose 10.21% to a record RM37.31 million from RM33.85 million a year ago. The board declared a first interim single-tier dividend of 0.5 sen per ordinary share, payable on July 31. — Pawnbroker Pappajack’s 1Q net profit hits all-time high on better profit margins

Dialog Group Bhd’s (KL:DIALOG) net profit for the third quarter ended March 31, 2026 (3QFY2026) rose nearly 10% to RM148.33 million from RM135 million a year earlier as revenue grew 20% to RM696.85 million from RM578.81 million, thanks to new engineering projects, healthy tank storage occupancy and higher oil prices. An interim dividend of 1.7 sen per share for the quarter was also announced and payable on June 25, up from 1.3 sen per share declared a year earlier. — Dialog upbeat amid Mideast tensions, raises dividend as 3Q profit up nearly 10%

At the close of YTL Cement Bhd’s mandatory general offer (MGO) for Concrete Engineering Products Bhd (KL:CEPCO), its stake in the company had increased to 70.22%, up from 53.49% previously. CIMB Investment Bank said the building material unit of YTL Corporation Bhd (KL:YTL) received acceptances for 12.49 million shares, or 16.73%, bringing its total holding in Concrete Engineering Products to 52.4 million shares. — YTL Cement's stake in Concrete Engineering Products raised to 70.22% at close of mandatory general offer

Malayan Banking Bhd (KL:MAYBANK) has completed the issuance of RM1.2 billion in subordinated sukuk murabahah under its sukuk programme of up to RM30 billion. The sukuk — which qualifies as Tier 2 capital for the bank — aligns with Bank Negara Malaysia’s capital adequacy framework that sets credit risk capital calculation standards in accordance with international Basel III standards. Proceeds from the issuance will be deployed for shariah-compliant purposes, including investments in approved Islamic financial instruments, funding Islamic business activities across its subsidiaries and overseas branches, as well as other eligible business activities. — Maybank completes RM1.2 bil sukuk issuance for Tier 2 capital

Port operator Suria Capital Holdings Bhd (KL:SURIA) is planning to formally diversify into the power business after its consortium with Yayasan Sabah investment vehicle, Innoprise Corp Sdn Bhd, was selected by the state’s regulators for a 100MW gas power plant in Kimanis. The company will seek shareholders’ approval for the proposal as it sees the power business — to kick off with the Kimanis gas power plant targeted for commercial operation in the fourth quarter of 2028 — contributing at least 25% of its net profit. — Suria Capital to diversify into power business starting with Kimanis gas plant

French energy giant TotalEnergies and MK Land Holdings Bhd (KL:MKLAND) said they have achieved financial close for a solar project in Kulim, Kedah. The project financing facility of about RM145 million was arranged with BNP Paribas as the sole mandated lender. A notice-to-proceed has been issued for construction of the power plant that could generate up to 30MW. The entire output will be sold under 21-year long-term power purchase agreements to “major technology and industrial players in Malaysia". — TotalEnergies, MK Land achieve financial close for Kulim solar project, to start construction works

MISC Bhd (KL:MISC) has redesignated its independent director Mohammad Suhaimi Mohd Yasin as its chairman, with immediate effect. He succeeds Datuk Abu Huraira Abu Yazid, 73, who stepped down after leading the shipping group for five years since January 2021. — MISC names Mohammad Suhaimi as chairman following Abu Huraira's retirement

Property developer Talam Transform Bhd (KL:TALAMT) is set to hold an extraordinary general meeting (EGM) on Thursday, May 14, for shareholders to vote on the appointment of an auditor to review certain transactions and investments. The EGM is held pursuant to a consent order recorded before the High Court on April 8, following negotiations between a group of requisitionist shareholders and the board of Talam Transform. — Talam Transform shareholders to decide on audit review of transactions at Thursday's EGM

Axis Real Estate Investment Trust (KL:AXREIT) is acquiring a leasehold industrial property in Shah Alam for RM38 million cash in a related-party transaction. RHB Trustees Bhd has entered into a sale and purchase agreement with Rubicon Assets Sdn Bhd. The deal is deemed a related-party transaction as Rubicon Assets director and major shareholder Stephen Tew Peng Hwee @ Teoh Peng Hwee is also the non-independent non-executive deputy chairman of Axis REIT Managers Bhd. — Axis REIT acquires Shah Alam industrial complex for RM38m in related-party deal