KUALA LUMPUR (July 27): Here is a brief recap of some business news and corporate announcements that made the headlines on Monday:
Direct seller of consumer health and wellness products DXN Holdings Bhd’s (KL:DXN) net profit fell nearly 21% to RM58.5 million for the quarter ended May 31, 2026, from RM73.9 million a year earlier, due to weaker sales in several markets. The decline was mainly caused by customers holding higher inventory levels after stocking up ahead of price increases in major markets. Margins declined as lower sales reduced profitability, while fixed operating costs remained largely unchanged. The group also continued investing in upstream and downstream business initiatives. It declared a first interim dividend of 0.6 sen per share, payable on Aug 28. Revenue fell 7.5% to RM443 million from RM479.1 million, mainly due to lower exports to the Middle East and weaker market conditions in Africa. — DXN 1Q profit drops 21% as sales weaken, sets RM500 mil expansion plan
CapitaLand Malaysia Trust (KL:CLMT) sees no immediate impact on tenant sentiment or leasing demand following the new 10% tariff imposed by the US on Malaysian exports. The trust's manager, CapitaLand Malaysia REIT Management Sdn Bhd (CMRM), said the impact of the tariff, effective from July 24, has so far not affected tenant business operations or mall footfall. "At the moment, we have not seen the impact of the tariff to our tenants and therefore to the people who visit the malls. This news came out recently, so we will continue to monitor as it pans out," said CMRM chief executive officer Yong Su-Lin during the trust’s second-quarter results briefing on Monday. — CapitaLand Malaysia Trust sees no immediate impact from US tariff on tenants, leasing demand
Separately, CLMT reported a 12.5% year-on-year increase in its net property income to RM77.4 million for the second quarter ended June 30, 2026, from RM68.7 million a year earlier, driven by stronger performance across its existing properties, coupled with lower property expenses. Gross revenue rose 6.3% to RM123.1 million from RM115.7 million. Distributable income jumped 25.6% to RM43.4 million from RM34.6 million. — CapitaLand Malaysia Trust's 2Q net property income rises 12.5%, declares 1.29 sen DPU
PGF Capital Bhd (KL:PGF) posted a 20.05% increase in first quarter net profit to RM8.95 million from RM7.46 million a year earlier amid steady demand for its insulation products. Revenue for the quarter ended May 31, 2026 rose 7.76% year-on-year to RM43.74 million from RM40.58 million, with the insulation division contributing 99.6% of the amount. No dividend was declared during the quarter. — PGF Capital 1Q net profit up 20% on steady demand for insulation products
Property developer Oriental Interest Bhd (KL:OIB) has proposed a RM280 million share-based acquisition from a company linked to its controlling shareholder, LK Labuan Foundation Sdn Bhd, to enter the motorcycle financing and retail business. The company said it has signed a conditional share agreement with LLSB 1980 Holdings Sdn Bhd to acquire 100% of Chin Hin (Jitra) Sdn Bhd (CHJSB) and CHJ Motor Holdings Sdn Bhd (CMHSB), which will be fully paid through the issuance of 76.92 million new shares at RM1.30 each and 180 million redeemable non-convertible preference shares at RM1 each. — Oriental Interest proposes RM280 mil related party deal to enter motorcycle financing and retail business
SNS Network Technology Bhd (KL:SNS) has secured a US$298.66 million (about RM1.22 billion) contract to supply high-performance artificial intelligence (AI) servers — the largest contract in the group's history. The contract follows a sales agreement signed on Sunday between its unit SNS Network (M) Sdn Bhd and a Singapore-based customer for the supply, delivery and provision of high-performance AI servers for a data centre in Malaysia. The customer is a Singapore-incorporated private company principally engaged in the publishing of game software and applications. — SNS bags RM1.22b AI server supply contract, shares hit five-month high
Destini Bhd (KL:DESTINI) has secured a contract worth RM45.58 million from the government to undertake Level 1 and Level 2 maintenance, repair and overhaul (MRO) works for 13 passenger train sets. The two-year contract was awarded by the Railway Assets Corporation — the statutory body responsible for owning and managing Malaysia’s railway assets — to Destini's 70%-owned subsidiary, M Rail Technics Sdn Bhd (Railtec). — Destini bags RM46 mil government contract to undertake rail MRO works
Aemulus Holdings Bhd (KL:AEMULUS) has secured new orders worth US$3.7 million (RM15.11 million) to deliver test systems for the data centre and artificial intelligence market. Aemulus Corporation Sdn Bhd, the company's wholly-owned subsidiary, secured the orders from an undisclosed customer in South Korea. The orders are expected to be fulfilled progressively within the financial years ending Sept 30, 2026 (FY2026) and FY2027. — Aemulus secures orders from South Korean customer for AI, data centre test systems
Country Heights Holdings Bhd (KL:CHHB) founder Tan Sri Lee Kim Yew has increased his interest in the property developer after acquiring six million shares via an off-market transaction. The acquisition, completed on July 24, represents a 1.86% stake based on the company's 322.54 million outstanding shares (excluding 3.25 million treasury shares). The acquisition was made by his investment vehicle, Country Heights International Sdn Bhd. Following the transaction, Lee's deemed interest in Country Heights rose to 43.91%, comprising a 24.11% direct stake and a 19.8% indirect stake. — Lee Kim Yew tightens grip on Country Heights
Lawyer Ian Shang Kuan Chou Chuen has emerged as a substantial shareholder of T7 Global Bhd (KL:T7GLOBAL) after increasing his stake in the oil and gas services provider to 6.17%. Shang acquired 13.89 million shares, lifting his direct interest above the 5% threshold required for substantial shareholders. Shang first appeared in T7 Global's 2024 annual report with a 2.516% direct stake and warrants representing another 2.517%. According to the group's 2025 annual report, his direct shareholding had increased to 4.055%, while his warrant holdings remained unchanged. — T7 Global sees emergence of new substantial shareholder