KUALA LUMPUR: Stocks in focus on Wednesday include Dialog, LBS Bina, TMC, Ranhill Utilities, Reservoir Link, Matrix, JF Technology, IHH, Malakoff, Gas Malaysia and K Seng Seng, said Apex Research.

Dialog Group Bhd‘s net profit rose to RM132.17 million in the first quarter (1Q) ended Sept 30, 2023, from RM125.79 million in the same quarter a year ago as the better performance was mainly contributed by international operations and higher share of results from joint-ventures (JVs) and associates.

Property developer LBS Bina Group Bhd is planning to raise up to RM750 million via sukuk for capital expenditure, investments, working capital and refinancing.

TMC Life Sciences Bhd’s net profit in the first quarter ended Sept 30, 2023 (1QFY2024) soared by 143.10% to RM15.14 million from RM6.23 million in the corresponding period a year ago (1QFY2023), in line with revenue growth attributed to the increase in capacity of Thomson Hospital Kota Damansara and the recovery of its fertility bu

Ranhill Utilities Bhd posted a 10% rise in net profit to RM10.22 million for the third quarter ended Sept 30, 2023 (3QFY2023), from RM9.32 million a year earlier, on higher earnings in all three of its business segments, namely environment, engineering services and energy.

Reservoir Link Energy Bhd has proposed to acquire a 100% stake in SAG Renewables Sdn Bhd (SAGR) for a total purchase consideration of RM10.5 million.

Seremban-based property developer Matrix Concepts Holdings Bhd has secured a RM512 million financing facility from AMMB Holdings Bhd (AmBank Group) to facilitate the development of 1,382.2 acres of prime housing in Malaysia Vision Valley 2.0 located in Sendayan, Negeri Sembilan.

Bursa Malaysia has suspended the intraday short selling (IDSS) on JF Technology Bhd (JF Tech) for the rest of Tuesday, after the stock dropped more than 15% or five sen from its reference price.

IHH Healthcare Bhd’s indirect unit, Northern TK Ventures Pte Ltd (NTK), is seeking over ¥20 billion (approximately RM634 million) in damages from Japan’s Daiichi Sankyo Company Ltd (Daiichi Sankyo) in relation to its stake acquisition in India’s Fortis Healthcare.

Malakoff Corp Bhd, through its wholly-owned subsidiary Malakoff Radiance Sdn Bhd, has signed a solar power purchase agreement with Gas Malaysia Bhd as part of its commitment towards ensuring access to sustainable energy for all.

Cheong Lai Sin has emerged as the largest shareholder of K Seng Seng Corporation Bhd after receiving shares transferred from the late Koh Seng Kar, founder and chairman of the steel manufacturer.