(Kuala Lumpur, 31st) The Malaysian stock market welcomed 60 new listed companies this year. Excluding new listings on the LEAP Market, the company with the highest gains is Huayang Catering, known for its aromatic coffee. $KOPI (0338.MY)$ ！
Huayang Catering, which went public in January this year, saw its share price rise by 218% in its first year of listing. Close behind was IAB Group, with an increase of 205.56%.
The Malaysian stock market welcomed 60 new listed companies this year. However, due to external factors such as U.S. tariff policies and geopolitical tensions, less than half of the newly listed stocks closed higher than their initial public offering (IPO) prices at year-end.
Nevertheless, there were still up to eight new stocks whose closing prices at year-end recorded triple-digit percentage gains compared to their IPO prices, including two new listings on the LEAP Market.
$IAB (0376.MY)$ , $THMY (0375.MY)$ , $LSH (0351.MY)$ , $CHEEDING (0372.MY)$ , $HI (5335.MY)$ , $ICENTS (0366.MY)$ , $CBHB (0339.MY)$ , $FOODIE (0382.MY)$ , $TECHSTORE (0343.MY)$
Source: Nanyang Business Daily
Disclaimer: This content is provided for informational and educational purposes only and does not constitute any specific investment advice, endorsement of investment strategies, or recommendations. Readers are solely responsible for any risks and liabilities arising from reliance on this content.

(Kuala Lumpur, 22nd) ICT Zone Asia $ICTZONE (0358.MY)$ Its subsidiary, ICT Zone Ventures, has received a purchase order from MRA International Sdn Bhd valued at MYR 28,125,641, primarily for providing information and communications technology (ICT) hardware leasing services.
The company informed Bursa Malaysia on Monday that the purchase order was issued last Friday (19th), with a lease term of 36 months.
The project covers ICT hardware such as desktop computers, laptops, printers, and scanners, which will be delivered by MRA International to a government agency. This order pertains solely to hardware leasing and does not include ICT services.
ICT Zone stated that financing for the related hardware procurement will be sourced through bank loans and internal funds. As part of the funding will be debt-based, the company’s leverage is expected to increase accordingly.
However, the order will not affect the company’s issued share capital or the shareholding structure of its major shareholders, and is expected to positively contribute to the group’s net profit per share and net asset value per share over the lease period.
Source: Nanyang Business Daily
Disclaimer: This content is provided for informational and educational purposes only and does not constitute any specific investment advice, investment strategy, or endorsement. Readers assume all risks and responsibilities arising from reliance on this content. Please conduct your own due diligence before making any investment decisions...

RHT Holdings, a Sarawak-based telecommunications infrastructure provider, $REACHTEN (5332.MY)$ suddenly became a market focus due to its investment in SpaceX. On the evening of June 12, the company filed a disclosure with Bursa Malaysia stating it had invested USD 1,000,080 through a wholly owned subsidiary into a fund managed by Alta Fund Management, thereby gaining indirect exposure to SpaceX.
According to the company's disclosure, following SpaceX's 5-for-1 stock split, RHT’s indirect investment position is equivalent to approximately 20,835 shares of SpaceX. Based on SpaceX’s closing price of USD 185 (approximately RM 761) on the 18th, the market value of these shares amounts to roughly USD 3,854,475 (about RM 15.86 million), representing an unrealized gain of approximately USD 2,854,395 (around RM 11.75 million) over the initial investment.
However, RHT itself is not a space technology company; it is a telecommunications infrastructure provider in Sarawak, with business segments covering satellite communications, fiber-optic networks, telecom towers, and related infrastructure. As the company only listed last year, research coverage is limited, and virtually no brokerages actively track its stock.
For the first quarter ended March 31 this year, RHT’s revenue declined year-over-year to RM 24.308 million, while net profit slightly increased to RM 8.217 million. Moving forward, market attention will focus not only on the paper gains from its SpaceX investment but also on whether RHT can convert its satellite communications, fiber optics, and 5G backhaul network businesses into more stable recurring revenue streams.
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(Kuala Lumpur, June 19) Fueled by resilient domestic demand and the growth of online delivery services, Malaysia’s motorcycle market surpassed 700,000 units in sales last year, an 11% year-on-year increase, setting a new historical record.
Wan Mustaqim, an analyst at Kenanga Investment Bank, noted that as two-wheelers continue to play a vital role in the delivery ecosystem, the outlook for Malaysia’s motorcycle industry remains optimistic.
He said that motorcycle sales reached a record high of 700,000 units last year, with Yamaha capturing more than 50% of the market share, while Hong Leong Industries $HLIND (3301.MY)$ is viewed as one of the primary beneficiaries of the motorcycle market's growth, thanks to its strong market position and close partnership with Yamaha.
In a research report, Wan Mustaqim stated that Hong Leong Industries currently holds approximately RM2 billion in net cash, providing a solid funding base for future business expansion. The company plans to launch 15 to 17 new and upgraded models over the next two to three years to drive sales and profit growth.
He added that rising demand for premium motorcycle models is also a key factor supporting the company’s earnings growth.
Additionally, the strengthening of the Malaysian ringgit against the US dollar has helped reduce operating costs for motorcycle importers. The ringgit has appreciated from RM4.20 per US dollar in June last year to RM3.92 per US dollar in May this year, offering cost advantages to industry players.
Kenanga Investment Bank has also named Hong Leong Industries as one of its top picks in the automotive sector, citing its attractive dividend yield of approximately 6%.
The information is coming...

(Kuala Lumpur, 19th) CIMB Securities stated that MYNEWS Holdings... $MYNEWS (5275.MY)$ reported first-half core net profit for the fiscal year ending October 2026 below expectations at just RM4.6 million, down 34.3% year-on-year, primarily due to weaker-than-expected sales and higher-than-anticipated operating expenses.
In its latest report, the brokerage noted that MYNEWS Holdings’ core net profit for the second quarter of fiscal 2026 was only RM0.3 million, plunging 89.8% year-on-year and 92.9% quarter-on-quarter, falling short of its expectations.
Second-quarter revenue stood at RM226 million, up 11.6% year-on-year but down 5.2% quarter-on-quarter. CIMB noted that sales performance was affected by seasonal factors, primarily because Ramadan arrived earlier in 2026, placing the festive holiday period within the quarter and dampening sales momentum.
Additionally, weakening consumer sentiment following the outbreak of conflict in the Middle East also suppressed discretionary spending in the convenience retail segment. Although MYNEWS Holdings expanded its store count to 704 outlets—an increase of 10.2% year-on-year and 0.7% quarter-on-quarter—and saw some improvement in in-store sales, overall sales performance remained weak.
Operating costs rose at a faster pace
CIMB pointed out that MYNEWS Holdings’ second-quarter EBITDA margin declined to 12.0%, down 2.3 percentage points year-on-year and 1.4 percentage points quarter-on-quarter.
The firm noted that MYNEWS Holdings’ first half...

(Kuala Lumpur, 15th) Pintech Solutions, an enterprise information and communications technology solutions provider, was newly listed today $PENTECH (0457.MY)$ The company targets increasing its recurring revenue share from the current level of approximately 20% to 40% over the next two to three years, enhancing earnings stability and improving long-term profitability through new businesses such as cloud services, managed services, artificial intelligence, cybersecurity, and Security Operations Centers (SOCs).
At a press conference following the listing event, Yang Zhenmin, Managing Director and Chief Executive Officer of Pintech Solutions, stated that the company aims to raise recurring revenue to 40% over the next two to three years, with non-recurring revenue accounting for the remaining 60%.
“We aim to increase our recurring revenue share from the current level of approximately 20% to 40% over the next two to three years to strengthen earnings stability and enhance long-term profitability.”
He explained that the company’s current revenue mix comprises roughly 80% from one-time projects—primarily hardware, software, systems integration, and information and communications technology (ICT) infrastructure solutions—and the remaining 20% to 23% from cloud services, managed services, and other recurring revenue streams.
He noted that the company will actively encourage clients, upon completion of one-time project deliveries, to subscribe to one- to three-year managed service contracts, while also expanding its customer base for cloud solutions. Additionally, proceeds from its initial public offering (IPO) will be used to develop new services in artificial intelligence (AI), cybersecurity, and Security Operations Centers (SOCs).
“Recurring revenue businesses typically place greater emphasis on service quality and service-level agreements rather than...

Springs of Life $LWSABAH (5328.MY)$ The company delivered solid results for the latest quarter, with revenue for the third quarter of fiscal year 2026 rising 12.6% year-over-year to MYR 48.53 million, and net profit increasing by 20.6% to MYR 8.05 million. For the first nine months, revenue reached MYR 150.30 million and net profit stood at MYR 26.20 million, representing year-over-year growth of approximately 17% and 25%, respectively—highlighting resilient demand for bottled water in Sabah.
The key near-term focus for the company is margin improvement. Springs of Life raised its drinking water prices starting in April, increasing the price per carton by 60 sen, while still holding lower-cost PET resin inventory, which helps offset upward pressure from rising resin and electricity costs. Public Investment Bank maintains an 'outperform' rating with a target price of MYR 1.48, noting that near-term margins could benefit from the price hike and declining input costs.
However, the market remains concerned about whether cost pressures may re-emerge. Although PET resin prices have recently declined, the company expects to face higher average resin costs beginning in fiscal year 2027. Meanwhile, capacity expansion, new distribution centers, and logistics network development will test the company's execution capabilities.
Therefore, the current investment thesis for Springs of Life isn’t about poor performance, but rather whether the market can see sustained margin improvement post-price hike, whether sales volume can keep pace with expanded capacity, and whether the company can convert robust Sabah bottled water demand into more stable earnings growth.
Source: Nanyang Business Daily
Disclaimer: This content is provided for informational and educational purposes only and does not constitute any specific investment advice...

(Kuala Lumpur, December 12) Local inorganic chemicals specialist TMK Chemical $TMK (5330.MY)$ informed Bursa Malaysia on Friday (December 12) of its intention to fully acquire 100% of the equity in Malaysian Chemicals (CCM) for an indicative transaction price of RM920 million on a cash-free, debt-free basis from Batu Kawan, excluding certain specified assets. $BKAWAN (1899.MY)$ The acquisition excludes certain specified assets.
TMK Chemical has issued a non-binding letter of intent (LOI) to Batu Kawan outlining the proposed acquisition offer.
The acquisition scope covers all economic interests in Malaysian Chemicals’ subsidiaries and associate companies, excluding certain non-core assets, including one associate company and two land parcels held by Malaysian Chemicals. The company confirmed in its announcement that its board received today a principle acceptance from Batu Kawan regarding this indicative, non-binding offer.
According to the announcement, the indicative acquisition consideration of RM920 million will be settled through a combination of cash and the issuance of new ordinary shares of TMK Chemical. The issue price for the new shares has been set at RM1.9098 per share, based on the five-day volume-weighted average price (VWAP) of TMK Chemical shares on Bursa Malaysia as of May 31, 2026.
Under this new share issuance framework, Batu Kawan is expected to ultimately hold a stake in the enlarged issued share capital of TMK Chemical...