The Sun Biz

Kelington Group Bhd delivered a stronger third quarter with net profit rising 25% year-on-year to RM41.1 million, supported by an improved project mix and lower unrealised forex losses. Revenue edged up to RM316.4 million, driven mainly by its Singapore operations, while new contract wins hit RM1.1 billion in the first nine months—already surpassing last year’s total. The group also marked its entry into Europe with project awards in Germany and is expanding into sustainable engineering solutions ahead of the expected 2026 carbon tax. Kelington ended the quarter with a robust RM1.6 billion order book and declared a total interim dividend of 4 sen per share.

Wawasan Dengkil Holdings Bhd reported a 15.8% quarter-on-quarter rise in revenue to RM53.2 million for Q1 FY26, driven by stronger construction activity and the start of its fibre optic project. Despite a softer gross profit, the group’s profit after tax improved to RM2.7 million on a lower effective tax rate. Backed by 13 ongoing projects, an unbilled order book of RM348.7 million and a RM1.6 billion tender pipeline, the company said its long-term prospects are further supported by its move into renewable energy, including co-developing a 70 MW solar plant in Kedah.

Semico Capital Bhd has taken a major step toward its planned ACE Market listing with the signing of an underwriting agreement with Affin Hwang Investment Bank Bhd. The IPO will involve a public issue of 92.7 million new shares and an offer for sale of 18 million shares, broadening the group’s base as it strengthens its position in Malaysia’s family entertainment and toys distribution market. CEO Tai Lee Chuen said the listing will support the company’s expansion in arcade machines, family entertainment services and collectables distribution nationwide. The company is targeting a January 2026 debut on Bursa Malaysia.

New manufacturing facility in Subang Jaya to support localisation of components for Chery and Jetour in Malaysia and region

Oxford Innotech Bhd’s third-quarter performance remained within expectations, with RM13.9 million in revenue and improved underlying profitability. With a rising number of FAIR approvals converting into mass-production orders and expanded capacity at Penang Science Park coming online, the group anticipates stronger contributions in the coming quarters despite external trade uncertainties.