KUALA LUMPUR (Nov 11): Here is a brief recap of some business news and corporate announcements that made the headlines on Wednesday:
Zetrix AI Bhd (KL:ZETRIX) has an additional two days to disclose material information on its financial position, dividend issues and a series of governance and operational issues, after securing an extension from the bourse regulator. Bursa Securities has approved its application to extend the deadline to Friday (Nov 13) from Wednesday. Zetrix AI was hit with the disclosure directive on Nov 6. — Zetrix AI gets two more days to disclose info on financial position, dividend issues
Dialog Group Bhd (KL:DIALOG) said it is investing an additional US$211 million (RM860 million) to develop a second gas field offshore Miri, Sarawak, the Fatimah Gas Field, after achieving commercial production at its first field, the Salbiah Gas Field, on Oct 27. Dialog intends to fund the additional development with internally generated funds and/or external borrowings. Both gas fields are under the Baram Junior Cluster SFA PSC, inked between Petroliam Nasional Bhd (PETRONAS), Dialog Resources Sdn Bhd and Sarawak Exploration and Production Sdn Bhd. — Dialog investing US$211m in second gas field after first project starts production
United Plantations Bhd’s (KL:UTDPLT) net profit for the third quarter ended Sept 30, 2026 (3QFY2026) surged 43.1% year-on-year to a record high of RM290.93 million, underpinned by strong production volumes and firm palm oil prices. Revenue for the quarter rose 6.7% to a high of RM722.22 million. The group declared a special dividend of 15 sen and an interim dividend of 30 sen per share. For the nine months ended Sept 30, 2026, net profit rose 4.8% year-on-year to RM645.58 million, while revenue increased 9.4% to RM2 billion. — United Plantations posts record 3Q profit, declares 45 sen dividend
Heineken Malaysia Bhd’s (KL:HEIM) net profit for 3QFY2026 fell 38.74% year-on-year to RM69.18 million, weighed by lower sales volume and operating profit. Revenue for the quarter declined 17.82% to RM539.14 million. The brewer did not recommend any dividend for the quarter. For the nine months ended Sept 30, 2026, net profit fell 29.53% year-on-year to RM224.17 million, while revenue declined 16.4% to RM1.64 billion. — Heineken Malaysia seeks govt restraint on costs as 3Q profit drops 39%
S P Setia Bhd's (KL:SPSETIA) net profit for 3QFY2026 dropped 52.06% year-on-year to RM32.61 million, due to slower sales and higher operating expenses. The property developer also attributed the lower performance to the absence of a land sale and higher comparative base arising from more project completions in the corresponding quarter last year. Revenue for 3QFY2026 fell 22.9% to RM672.55 million. No dividend was declared for the quarter. For the first nine months of FY2026, S P Setia's net profit fell 31.11%year-on-year to RM161.8 million, while revenue declined 10.29% to RM2.32 billion. — S P Setia’s 3Q net profit drops 52% due to softer market, higher costs
MMAG Holdings Bhd (KL:MMAG) said restrictions imposed on certain bank accounts belonging to the company and its subsidiaries under the Anti-Money Laundering Act (AMLA) have been lifted. The company said the affected accounts are no longer subject to restrictions previously imposed by the Royal Malaysian Police's anti-money laundering investigation team. — MMAG Holdings says bank accounts freed from Anti-Money Laundering Act restrictions
Southern Score Builders Bhd’s (KL:SSB8) 51%-owned unit, SJEE Engineering Sdn Bhd, has secured electrical work subcontracts, valued at an aggregate RM146.8 million, from an undisclosed “local construction company” for two data centre projects in Port Dickson, dubbed Project A and B. The subcontract for Project A, valued at RM67.41 million, slates Phase 1 substantial completion by Oct 22, 2027 and Phase 2 by Jan 21, 2028. As for the subcontract for Project B, valued at RM79.39 million, Phase 1 is scheduled for substantial completion by Jan 10, 2028, and Phase 2 by April 10, 2028. — Southern Score unit bags RM146.8m in Port Dickson data centre subcontract
L&P Global Bhd (KL:L&PBHD) is considering diversifying into fast-moving consumer goods (FMCG) and construction and procurement of building materials to expand its earnings base. These proposals come after its main business swung into a loss in its latest financial year ended Dec 31, 2025 (FY2025) because of cyclical and external headwinds resulting in a decline in revenue. — Packaging firm L&P Global moots diversification into consumer goods, construction