Success Food has officially exited its Paris Baguette operations in Malaysia, selling the business for a symbolic RM1.
However, this does not mean the company is walking away unscathed. Success Food must still repay RM3.91 million in liabilities, and the RM20 million previously invested has been fully impaired.
Since entering the Malaysian market in 2023, Paris Baguette has incurred continuous losses. By the end of 2025, its cumulative post-tax losses had reached RM67.09 million, with net liabilities amounting to RM33.41 million.
With this divestment completed, Success Food will no longer bear related losses and can refocus its capital and management resources on its core business. $BJFOOD (5196.MY)$

$ENEST GROUP BERHAD (0467.MY)$ Malaysia's bird's nest market continues to heat up, with an independent market research report projecting that domestic bird's nest exports could surpass RM1 billion by 2028.
Riding the industry's growth trend, Enest Group has achieved cumulative revenue growth of over 40% in the past four years, reaching RM158.38 million in fiscal year 2025—the highest in four years.
Among its business segments, bird's nest trading grew the fastest, with revenue expanding from RM13.57 million in 2022 to RM55.98 million in 2025—an increase of more than fourfold over four years.
Currently, 99% of Enest's revenue comes from its bird's nest business. China remains its largest market, but Malaysia’s contribution has risen significantly, resulting in a more balanced revenue structure compared to the past.
The company also plans to develop bottled bird's nest, herbal beverages, and uncleaned bird's nest exports, and intends to raise funds through an IPO to repay loans and bolster working capital.
The bird's nest market still offers growth potential, and Enest is accelerating its expansion. The key question going forward is whether the company can translate its revenue growth into higher profitability.

YTL Power International continues to expand its data center footprint!
The company's green data center campus in Kulai, Johor, has already secured 298 megawatts (MW) of capacity and will add another 260 MW, with completion expected progressively by the end of 2027.
Driven by strong market demand, the company has raised the campus’s long-term capacity target from the original 600 MW to as high as 1.2 gigawatts (GW), while also planning to secure approximately 200 MW of new capacity annually.
RHB Investment Bank remains bullish on data centers as a new growth engine, maintaining its 'Buy' rating and raising its target price from MYR 5.00 to MYR 6.00. Based on the report’s reference price of MYR 4.18, this implies an upside potential of approximately 44%.
Another key development is that YTL Power International is exploring a potential initial public offering (IPO) for its data center business as early as next year. A successful spin-off listing would not only raise funds for expansion but could also further unlock the business’s value.
However, rising fuel costs, lower margins at PowerSeraya, and potential delays in data center commissioning remain key risks to monitor going forward. $YTLPOWR (6742.MY)$

$KEEMING (0392.MY)$ The company has won a solar energy project valued at MYR 70 million, pushing its uncompleted order book up by approximately 40% to MYR 243.3 million.
This new contract has prompted two investment banks to simultaneously raise their earnings forecasts and target prices. Maybank Investment Bank raised its target price to MYR 1.94, while Kenanga Investment Bank Research set a target of MYR 2.00.
Analysts’ optimism isn’t just about this single contract. GK Goh Holdings currently has outstanding tenders worth up to MYR 1.7 billion and stands to secure additional projects in solar energy, data centers, and high-voltage power infrastructure.
However, the stock price has already risen significantly this year, and future performance will depend on the company’s ability to successfully execute its projects and continue securing new orders.
Do you think GK Goh Holdings still has upside potential?

EI Power Bhd, a power engineering solutions provider $EIPOWER (0453.MY)$ announced that the group has secured a subcontract valued at RM90.1 million to provide fuel system engineering for a data center project in Johor.
The group stated that its wholly-owned subsidiary, EI Power Technologies Sdn Bhd, has accepted the contract. The subcontract was awarded by a main contractor engaged in engineering, construction, and investment holding businesses; however, the client’s identity remains undisclosed due to confidentiality obligations.
The scope of work covers the complete fuel system package for the data center, including supply, delivery, installation, testing, and commissioning.
Work on the project has commenced immediately and is expected to be completed by September 2027.
This award marks EI Power's involvement in Johor-based data center infrastructure, specifically handling the fuel system component, further underscoring how the ongoing data center construction boom continues to benefit related engineering suppliers.

Digital services group PUC Bhd $PUC (0007.MY)$ plans to acquire battery energy storage company H BESS Sdn Bhd for MYR 6.75 million, officially entering the energy storage sector.
PUC stated that the acquisition will be funded through a private placement. The group plans to issue up to 304.8 million new shares, equivalent to 10% of its existing share capital.
Based on an indicative issue price of 3.44 sen per share, PUC expects to raise approximately MYR 10.49 million.
In simple terms, PUC aims to enter the battery energy storage business through the acquisition of H BESS, with the related funding primarily raised via new share issuance.
This also means that PUC will not only continue its digital services operations but is also preparing to expand its business footprint into the energy storage sector.

Swift Energy Technology Bhd $SET (0337.MY)$ announced that the group has secured purchase orders totaling MYR 44.15 million to supply equipment for an oil and gas project in Thailand and a data center project in Malaysia.
The group stated that its wholly owned subsidiary, Swift Energy Sdn Bhd, will supply 18 sets of explosion-proof solar power systems to Offshore Oil Engineering Co Ltd for PTTEP's Bundled Phases 4 project in Thailand.
Delivery of this equipment is expected to take place progressively over the next three years.
In addition, Swift Energy will also supply 34 units of 11 kV Cressall neutral grounding resistors to Cummins Sales and Service Sdn Bhd for a data center project in Malaysia.
The orders secured by Swift Energy span both the oil and gas and data center sectors, reflecting continued project support for the group’s equipment supply business.

Binastra Corp Bhd $BNASTRA (7195.MY)$ The company's latest quarterly results strengthened, with net profit rising over 40% year-on-year, primarily driven by higher revenue from its core construction business.
For the first quarter ended April 30, 2026, Binastra’s net profit increased by 40.3% year-on-year, rising to RM35.27 million from RM25.14 million in the same period last year.
Revenue performed even more robustly, doubling year-on-year from RM256.85 million to RM605.57 million.
The company stated that the revenue growth was mainly attributable to an increase in solar installation projects, with contributions also coming from traditional construction and data center projects.
The construction segment remains the group’s primary profit driver. In the first quarter of fiscal year 2027, this segment recorded revenue of RM605.30 million and a pre-tax profit of RM49.80 million.
However, Binastra did not declare any dividend for the quarter.
Overall, with solar, traditional construction, and data center projects all progressing in parallel, Binastra’s first-quarter performance improved significantly, with its construction business continuing to underpin the group’s profitability.

Convenience store operator MyNews Holdings $MYNEWS (5275.MY)$ reported a sharp decline in its latest quarterly profit, primarily dragged down by rising operating costs.
For the second quarter ended April 30, 2026, MyNews’s net profit plummeted 97% year-over-year, dropping to MYR 55,000 from MYR 2.28 million a year earlier.
The company stated that the profit decline was mainly due to higher operating expenses, including increases in administrative, selling and distribution, and other costs during the quarter.
These cost increases were primarily linked to staff expansion, growth in the retail network, and higher depreciation expenses associated with new stores and right-of-use assets.
Nevertheless, MyNews’s revenue still grew, rising 11.6% year-over-year from MYR 202.6 million to MYR 226 million, driven by an expanded store network and improved in-store sales performance.
However, due to higher cost of sales, the group’s gross margin narrowed to 37.5% from 39.5% a year earlier.
Despite the significant drop in profitability, MyNews declared a dividend of 1 sen per share, up from 0.5 sen a year ago. Overall, the company continues to expand its sales scale, though cost pressures have clearly weighed on earnings performance.

Top Glove $TOPGLOV (7113.MY)$ Quarterly earnings improved significantly, with net profit more than doubling year-over-year.
For the third quarter ended May 31, 2026, Top Glove’s net profit surged 133.1% year-over-year, rising from MYR 34.75 million a year earlier to MYR 80.99 million.
Revenue also increased by 31.9%, climbing from MYR 830.25 million to MYR 1.1 billion.
The company stated that the improvement in performance was primarily driven by higher sales volume, adjusted product pricing, and enhanced cost efficiency.
Top Glove also noted that the group has remained cautious in raw material management, particularly amid recent supply disruptions, and has worked diligently to secure a stable supply of nitrile latex to maintain production and fulfill customer orders on schedule.
Earnings per share rose to 1.01 sen from 0.43 sen a year earlier. However, the group did not declare a dividend for the quarter.
Overall, Top Glove’s third-quarter performance showed marked improvement, supported by recovering sales volumes, adjusted pricing, and effective cost control.