KUALA LUMPUR (Aug 20): Here is a brief recap of the business news and corporate announcements that made the headlines on Wednesday:

Solarvest Holdings Bhd’s (KL:SLVEST) first-quarter net profit saw a 19.8% jump to RM19.02 million from RM15.88 million a year ago, mainly due to higher share of profits from associate companies. Revenue rose 13.21% to RM155.94 million from RM137.74 million, driven by stronger utility-scale solar project contributions. — Solarvest 1Q earnings rise 20% on higher associates' contribution

PETRONAS Chemicals Group Bhd (KL:PCHEM) returned to the black with a second-quarter net profit of RM414 million, compared to a net loss of RM1.08 billion in the same quarter last year when the petrochemical company booked foreign exchange losses and wrote down the value of assets at its Swedish specialty unit Perstorp. Revenue jumped 23% year-on-year to RM7.93 billion as higher average product prices amid the prolonged West Asia conflict offset lower sales volume. The group raised its interim dividend per share to six sen from three sen a year earlier, payable on Sept 15. — PETRONAS Chemicals returns to the black in 2Q amid surge in revenue, lower expenses

Lotte Chemical Titan Holding Bhd (KL:LCTITAN) said no decision has been made by its South Korean parent amid news reports of a potential disposal that triggered a spike in its share price. Lotte Chemical Corporation is "considering various strategic measures" related to the company but has yet to make any decision so far, Lotte Chemical Titan said. — Korean parent mulling options, Lotte Chemical Titan clarifies amid report of sale, share price spike

Electrical engineering firm CBH Engineering Holding Bhd’s (KL:CBHB) second-quarter net profit rose to RM24.53 million from RM10.1 million a year earlier, while revenue doubled to RM120.93 million from RM59.68 million. It declared an interim dividend of 2.7 sen per share to be paid on Sept 30. Separately, the group announced it has secured a RM246 million contract to supply a substation for a data centre project in Johor. — CBH Engineering logs record profit in 2Q, bags RM246m data centre substation job

S P Setia Bhd (KL:SPSETIA) posted a net profit of RM98.1 million for the second quarter ended June 30, 2026 (2QFY2026), as opposed to RM99.8 million a year earlier. Quarterly revenue fell nearly 13% to RM821.4 million from RM943.7 million on lower contributions from land sales. — S P Setia's 2Q profit nearly flat y-o-y at RM98 mil

Hong Leong Industries Bhd (KL:HLIND) reported a 22.6% year-on-year increase in its fourth quarter net profit to RM143.59 million from RM117.16 million. Revenue climbed 8.8% to RM915.58 million from RM841.90 million. — Hong Leong Industries’ 4Q net profit rises 22% on stronger motorcycle sales

UEM Sunrise Bhd (KL:UEMS) more than doubled its second-quarter net profit to RM46.85 million from RM22.41 million a year earlier, as higher revenue recognition from property developments and a land divestment lifted earnings. Revenue rose 36.9% to RM605.71 million from RM442.42 million over the same period. The developer has also surpassed its full 2026 sales target. — UEM Sunrise doubles 2Q profit, beats full-year sales target by June

Pekat Group Bhd (KL:PEKAT) posted record-high second-quarter earnings of RM14.19 million, compared with RM11.02 million a year earlier, as all of its business divisions generated stronger contributions. Revenue climbed 38% to RM175.43 million from RM126.99 million. The group declared a first interim dividend of one sen per share, payable on Sept 25. — Pekat posts record net profit in 2Q, declares one sen dividend

Genting Plantations Bhd's (KL:GENP) net profit for the second quarter fell 27% from a year earlier, dragged by lower crude palm oil (CPO) prices and an absence of disposal gain. Net profit declined to RM140.9 million from RM192.6 million, when a gain on disposal of assets of RM261.2 million was reported. Revenue jumped 30% to RM996.8 million from RM767 million. An interim dividend of 10 sen per share, payable on Sept 25, was declared. — Genting Plantations 2Q net profit falls 27% on lower CPO prices, lack of disposal gain; declares 10 sen dividend

Pure-play bus builder Bus Cap Bhd (KL:BUSCAP) has signed a memorandum of understanding (MOU) with BYD Malaysia Sdn Bhd, a local unit of Chinese conglomerate BYD, in Shenzen, China, to formalise a collaboration to jointly advance a Malaysia-based new energy commercial vehicle platform. The partnership aims to establish a localised electric bus assembly and manufacturing facility in Perak under the MOU, positioning Bus Cap as a key local industrial platform for BYD’s electric commercial vehicle strategy in Malaysia. — Bus Cap inks MOU with BYD for energy commercial vehicle platform

Plantation company TSH Resources Bhd's (KL:TSH) second-quarter net profit rose 6.7% to RM52.51 million from RM49.23 million in the same quarter a year ago on better extraction rates, lower costs and stronger joint-venture contributions. The stronger earnings came despite revenue slipping 6.6% to RM250.98 million from RM268.78 million amid lower sales volume and softer average selling prices for crude palm oil (CPO). — TSH Resources posts 7% rise in 2Q profit on better extraction rates, stronger JV contributions and lower costs