KUALA LUMPUR (June 29): Here is a brief recap of some corporate announcements that made the news on Monday.

Jati Tinggi Group Bhd (KL:JTGROUP) has secured an RM86 million contract to deliver engineering services for a high‑voltage transmission project at the Klang Valley Technology Park in Kapar, Selangor. The company said the scope includes designing and constructing a 275‑kilovolt overhead transmission line, along with substation systems and related infrastructure works tied to a data centre development. — Jati Tinggi bags RM86 mil contract for high-voltage transmission project in Selangor

Berjaya Property Bhd (KL:BPROP) plans to participate in the Perlis Maritime Corridor (PMC) by subscribing to a 29% equity interest in Manjaran Sdn Bhd for RM57.9 million. The group said it signed a conditional agreement to acquire 2.32 million new shares in Manjaran, whose subsidiary Mutiara Perlis is developing the PMC. The project comprises the Perlis Inland Port, Sanglang Port and Power Hub. The RM57.9 million consideration will be satisfied via an issuance of 206.78 million new ordinary shares in Berjaya Property at 28 sen each and RM100,000 in cash. — Berjaya Property eyes stake in Perlis Maritime Corridor project via RM58 mil share subscription

PMW International Bhd (KL:PMW) has secured an RM11.84 million contract to supply prestressed spun concrete poles for Malaysia’s fibre‑optics hub project, running until Oct 31. The company said the deal with Global Technological Support Sdn Bhd strengthens its role in digital infrastructure. The poles support phase two of the project, targeting 3,700 points of presence to expand nationwide broadband. — PMW International secures RM11.84 mil supply contract

HI Mobility Bhd (KL:HI) posted a record 1QFY2026 net profit of RM16.31 million, up 13.5% from RM14.37 million a year earlier, as revenue rose 8.4% to RM111.54 million. Earnings were supported by contributions from newly acquired commercial vehicle manufacturing and distribution businesses as well as lower effective tax rate. Meanwhile, revenue growth was driven by continued demand for scheduled bus services, bolstered by additional Stage Bus Service Transformation (SBST) contracts, steady ridership across Malaysia and Singapore and higher vehicle sales from its distribution segment. The group declared a one‑sen interim dividend, payable Aug 3. — HI Mobility notches record 1Q net profit as acquisitions bolster earnings, pays one sen dividend

Kim Loong Resources Bhd (KL:KMLOONG) reported a 31.6% rise in 1QFY2027 net profit to RM55.18 million from RM41.92 million, driven by stronger milling margins. Revenue grew 9.2% to RM449.66 million, with milling contributing 88.6% and plantations 11.4%. Milling revenue rose to RM441.5 million on a 19% increase in CPO sales volume, despite a 6% drop in average selling price to RM4,355 per tonne. Plantation revenue fell to RM56.8 million on 19% lower FFB output. No dividend was declared. Kim Loong is targeting a 5% FFB growth in FY2027, supported by replanting some 700 hectares and younger palms. — Kim Loong posts 31.6% rise in 1Q net profit on strong contributions from milling operations

Crescendo Corporation Bhd (KL:CRESNDO) reported a sharp surge in 1QFY2027 net profit to RM135.74 million, up from RM5.2 million a year earlier, driven by data centre‑linked land sales in Johor’s Bandar Cemerlang Industrial Park (BCIP). Quarterly revenue jumped fivefold to RM317.87 million, with property development and construction contributing RM290.17 million and operating profit of RM174.62 million. No dividend was declared. As at April 30, Crescendo held a Johor land bank of 2,426 acres. — Continued data centre land sale lifts Crescendo’s 1Q profit to RM135m

Cypark Resources Bhd (KL:CYPARK) remained loss‑making for a fourth straight quarter, posting a 4QFY2026 net loss of RM16.83 million versus a RM993,000 profit a year earlier, despite revenue surging 152% to RM48.11 million. Higher finance costs, administrative expenses and depreciation offset stronger renewable energy output. The segment’s revenue rose 4.7% to RM31.3 million, driven by its expanded LSS3 solar plant, but swung to a pre‑tax loss of RM7.4 million. Its waste‑to‑energy unit reported a RM24.7 million pre‑tax profit, boosted by a RM39 million impairment reversal. For FY2026, net loss widened to RM67.94 million on revenue of RM179.18 million. — Cypark posts fourth straight quarterly loss weighed by finance, depreciation costs

Apollo Food Holdings Bhd (KL:APOLLO) posted record FY2026 revenue of RM311.21 million, up 4.3% from RM298.42 million, its highest since listing, driven by stronger sales under its route‑to‑market transformation. However, net profit fell 14.2% to RM34.49 million, weighed by higher personnel, advertising and transport costs. For 4QFY2026, net profit rose 4.5% to RM9.88 million, while revenue climbed 11% to RM81.3 million on stronger domestic and export sales. Apollo declared a second interim dividend of 30 sen per share, payable July 22, bringing FY2026 dividends to 45 sen, a 104% payout ratio. — Apollo Food posts record revenue in FY2026, but net profit lower on rising cost

Superlon Holdings Bhd (KL:SUPERLN) posted a 48.8% jump in 4QFY2026 net profit to RM3.25 million, despite revenue easing to RM31.69 million from RM33.54 million. The company said earnings expansion was driven by lower material costs, margin enhancement initiatives and stronger manufacturing performance. Gross margin rose to 28.7% from 26.6%. Superlon declared a one‑sen interim dividend for FY2027, payable Aug 21, after distributing three sen for FY2026. — Higher margin drives Superlon's 4Q profit growth; declares interim dividend for FY2027

Hibiscus Petroleum Bhd (KL:HIBISCS) has begun operating a low‑pressure compressor at its Block B Maharajalela Jamalulalam field in Brunei. Commissioned in April, the company said the project has lifted output, with gains expected to strengthen 4QFY2026 performance. While costs and production figures remain undisclosed, Hibiscus said the compressor sustains reservoir flow, enabling improved hydrocarbon recovery. — Hibiscus starts compressor project to sustain production at Brunei field

Insights Analytics Bhd (KL:IAB) has signed an MOU with Australia’s Pipeline Inspection and Assessment Pty Ltd (PIA) to be the exclusive distributor of its pipeline inspection and condition assessment solutions in Malaysia. The company said the MOU provides a framework for a definitive distribution agreement. The Sarawak‑based water technology firm noted PIA’s proprietary p‑CAT technologies will complement its asset management offerings, broadening its pipeline monitoring portfolio across industries including utilities, oil and gas, infrastructure and smart cities. — Insights Analytics enters deal to secure rights to market Australian firm's pipeline technologies in Malaysia

Ajinomoto (Malaysia) Bhd (KL:AJI) has appointed Maybank Investment Bank Bhd as principal adviser for its proposed privatisation by Japanese parent Ajinomoto Co Inc, while RHB Investment Bank Bhd will act as independent adviser to minority shareholders. Ajinomoto Co Inc, which owns 50.38%, recently proposed taking the firm private at RM20 per share via a selective capital reduction and repayment exercise. — Ajinomoto (Malaysia) appoints Maybank IB as adviser for parent's RM603m privatisation bid

Lianson Fleet Group Bhd (KL:LFG) plans to dispose of three ageing offshore support vessels (OSVs) this year and acquire two dry bulk vessels under its fleet optimisation strategy to expand its marine transportation business. Managing director Lim Chern Wooi said the OSVs, aged 17 to 19 years, will be sold to recycle capital into younger assets. Pricing negotiations for the new vessels are ongoing. — Lianson Fleet plans three OSV disposals as it targets younger fleet and growth in dry bulk business

Favelle Favco Bhd (KL:FAVCO) said its wholly-owned US unit, Favelle Favco Cranes Inc (FFC USA), is facing a US$25 million (RM101.78 million) lawsuit in New York over a crane incident. Filed on June 24 by Justin Santiago, the suit alleges injuries and losses from a July 2023 crane fire and partial collapse in Manhattan. Favelle Favco said FFC USA only supplied the crane, which it neither owned nor operated, and an independent report did not fault the manufacturer. — Favelle Favco’s US subsidiary faces US$25m lawsuit over crane incident