KUALA LUMPUR (Aug 7): Here is a brief recap of some business news and corporate announcements that made the headlines on Friday:

Stratus Global Holdings Bhd (KL:STRATUS) saw its shares rise as high as RM2.99, a 30% increase from Thursday, as investors ride expectations on strong earnings from AI-linked stocks. The company reported net profits of RM9.5 million in its first quarter ended June 30, 2026, with no previous figures available for comparison. A total of 47.12 million shares changed hands, making Stratus Global the seventh most actively traded counter on Bursa Malaysia. — Stratus Global extends rally, hits limit-up on earnings growth expectations

Paradigm Real Estate Investment Trust (KL:PARADIGM) saw its net property income rise by more than four times to RM40.36 million in its 2QFY2026 from R9.26 million. This was supported by strong revenue, which saw four times growth of RM60.46 million from RM13.17 million. Paradigm REIT proposed a payout of 1.83 sen per unit, amounting to RM29.33 million, representing about 98.99% of the quarter’s distributable income. — Paradigm REIT 2Q property income jumps over four-fold, declares 1.83 sen dividend

Nuenergy Holdings Bhd (KL:NHB) secured a RM44.5 million contract with a China-based construction and engineering company to undertake mechanical, electrical and plumbing works for a Johor data centre landing station, the company’s largest high-voltage project yet. Work is expected to be completed by the fourth quarter of 2026. — Nuenergy wins RM44.5 mil contract for Johor data centre landing station works

LYC Healthcare Bhd (KL:LYC) shares will be suspended from Monday, Aug 10, due to the company not being able to submit its overdue annual report for the financial year ended March 31, 2026. LYC said this is due to audited financial statements are still pending finalisation by external auditor SBY partners PTL, who were newly appointed on March 6, following the resignation of its previous auditors on Feb 26 over fee disagreements. The company expects that the annual report will be submitted within the next two weeks. — LYC Healthcare shares to be suspended from Monday after missing annual report deadline

EXSIM Hospitality Bhd (KL:EXSIMHB) secured an 80/20 revenue-sharing scheme for 395 serviced apartment units at The Stallionz @ Ipoh White Times Square. Under this scheme, EXSIM will gain 20% of the net rental revenue with the unit owner. The Stallionz launched in 2022, with a gross development value (GDV) of RM194.24 million and apartment units priced at RM445,300. Under this agreement, EXSIM is responsible for property maintenance, housekeeping, marketing, reservations, and guest services. — EXSIM Hospitality unit Mana Mana Hospitality showcases RM194 mil The Stallionz @ Ipoh White Times Square

Avaland Bhd (KL:AVALAND) celebrated its Amika Residences projects selling all of its units ahead of its construction schedule. In addition, the company announced its Aetas luxury residential project at Aetas Taman Desa and Accent Petaling Jaya projects, which amounted to a GDV exceeding RM1 billion. Avaland also acquired a 1.9-acre freehold site in Taman U-Than, Kuala Lumpur, to be used for a high-end residential project with an estimated GDV of RM700 million. — Avaland tops out 100%-sold Amika Residences, lines up over RM1 bil in 2026 launches