Bursa Malaysia stocks to watch on Oct 19 span tech, healthcare, property, construction and aviation. The Edge’s roundup covers Zetrix AI (ZETRIX), Toyo Ventures (TOYOVEN), Mi Technovation (MI), IHH Healthcare (IHH) and eight more names.
Why Is Zetrix AI Withdrawing Its 0.25 Sen Dividend?
Zetrix AI (ZETRIX) is rescinding the 0.25 sen dividend it announced on Aug 24. The move conserves about RM19.74 million on its 7.898 billion outstanding shares, for the financial year ending Dec 31, 2026.
The company cited unexpected operational expenses and a need to preserve working capital. Income-focused investors can compare payout timing in our Dividend Investing Guide.
Managing director Wong Thean Soon sold another 600,000 shares, cutting his stake to 1.887%. That complicates the group’s remedy for a breach of its RM2 billion sukuk covenant, which requires him to stay the largest shareholder, due by Oct 22.
What Premium Is Toyo Ventures’ 28 Sen Take-Private Offer?
Toyo Ventures (TOYOVEN) received a take-private offer of 28 sen per share from its largest shareholder. The offer is a 16.67% premium over the 24 sen close on Oct 16, before the proposal was announced.
Eng Lian Enterprise Sdn Bhd, a vehicle of Yvonne Po Leng Lam, and its connected parties together control about 13%. The takeover runs through a selective capital reduction and repayment.
Is LYC Healthcare Facing Delisting After Losing Its GN3 Sponsor?
LYC Healthcare (LYC) lost its sponsor for the proposed GN3 regularisation plan after UOB Kay Hian (M) Sdn Bhd terminated its appointment last Friday. No reason was given.
Trading in LYC’s securities will be suspended from Oct 27. The company faces delisting on Oct 29 unless it appeals by Oct 26.
How Big Is Mi Technovation’s Singapore IPO?
Mi Material Holding Ltd, a unit of Mi Technovation (MI), lists on the Singapore Exchange Mainboard on Oct 28 at S$1.80 per share. The IPO will raise S$168.2 million, and the group aims to raise over RM680 million for its next phase of global growth.
Mi Technovation will pocket RM46.8 million from the offer for sale of its existing shares. New to IPOs? Start with IPO Investing with M+ Global.
What Is IHH Healthcare Buying in Johor?
IHH Healthcare (IHH) is acquiring Afiniti Wellness in Medini, Iskandar Puteri, through Pantai Medical Centre Sdn Bhd. The deal expands Gleneagles Hospital Johor into an integrated campus spanning about 18 acres.
The property becomes an ambulatory care centre for consultations, diagnostics, day surgery and outpatient treatment. The acquisition price was not disclosed.
Did Duopharma Settle Its Sun Pharma Trademark Suit?
Duopharma Biotech (DPHARMA) reached an amicable settlement with India’s Sun Pharmaceutical Industries over a drug trademark dispute. Sun Pharma filed a notice of discontinuance, and the court vacated the trial due to start Monday. Settlement terms were not disclosed.
Can KIP REIT Sustain Its 18% Net Property Income Growth?
KIP Real Estate Investment Trust (KIPREIT) lifted net property income 18% to RM34.95 million in the first quarter ended Sept 30, from RM29.72 million a year earlier.
Revenue rose nearly 20% to RM48.75 million from RM40.77 million, driven by new retail and industrial assets in Selangor, Johor, Negeri Sembilan and Sarawak. The REIT expects to sustain these results.
What Contracts Did GDB and Jati Tinggi Win?
GDB Holdings (GDB) secured a RM119 million subcontract for the National Flood Forecasting and Warning Programme Phase 3 in Sarawak. Subsidiary GDB Infra Sdn Bhd received the job from I-Ilham Corporation Sdn Bhd, with completion set for Nov 29, 2029.
Jati Tinggi Group (JTGROUP) won a RM30.1 million contract through Jati Tinggi Holding Sdn Bhd. The job covers power infrastructure for a data centre in Kulai, Johor, running until July 25, 2027.
How Much Will MMAG Lose on Its Boeing Freighter Sale?
MMAG Holdings (MMAG) is selling a Boeing 737-400SF cargo aircraft for US$2.8 million (RM11.43 million). Indirect subsidiary MJets Air Sdn Bhd is selling to Mont Gabanon Airlines, which is owned by a privately held Democratic Republic of Congo company.
The sale books a loss of RM12.69 million against an unaudited net book value of RM24.12 million as at Sept 30, 2026. The group cited rising fuel prices and weaker charter demand.
What Are the Terms of Cosmos Technology’s Orisystems Deal?
Cosmos Technology (COSMOS) proposed acquiring 51% of EMS player Orisystems Opto Sdn Bhd for RM16.52 million, paid in shares. The non-binding letter of intent covers 510,000 shares from directors Akil Ahmad Ishaq and Othman Ali.
Consideration is 33.05 million new Cosmos shares at 50 sen each. That is a 27.71% premium, or 10.85 sen above the five-day VWAP of 39.15 sen as of Oct 16.
Why Did Lee Hock Seng Cease to Be Eonmetall’s Substantial Shareholder?
Datuk Seri Lee Hock Seng disposed of 6.09 million Eonmetall (EMETALL) shares on Oct 15 at a closing price of 44 sen. The sale is estimated at RM2.68 million.
His stake fell from 5.57% to an estimated 4.21%, below the 5% substantial shareholder threshold, according to Bloomberg data.
Bursa Malaysia Stocks to Watch: Key Takeaways
- Zetrix AI’s dividend withdrawal conserves about RM19.74 million, and the sukuk covenant deadline is Oct 22.
- Toyo Ventures’ 28 sen offer carries a 16.67% premium to the 24 sen close on Oct 16.
- LYC Healthcare’s trading suspension starts Oct 27, with an appeal deadline of Oct 26.
- KIP REIT’s net property income rose 18% to RM34.95 million in the first quarter.
- MMAG’s Boeing freighter sale carries a RM12.69 million loss.
📊 On AI Stock Terminal: ZETRIX quarterly results · ZETRIX announcements
Disclaimer: This article is for information only and is not investment advice. Do your own research before making any decision on these stocks.
Frequently Asked Questions
Why did Zetrix AI withdraw its dividend?
Zetrix AI withdrew its 0.25 sen dividend to conserve cash and preserve working capital amid unexpected operational expenses. Based on 7.898 billion outstanding shares, the move conserves about RM19.74 million for the financial year ending Dec 31, 2026.
When will LYC Healthcare be delisted from Bursa Malaysia?
LYC Healthcare’s trading will be suspended from Oct 27, with delisting set for Oct 29 unless it appeals by Oct 26. The company lost its GN3 regularisation plan sponsor after UOB Kay Hian (M) Sdn Bhd terminated its appointment.
What is the Toyo Ventures take-private offer price?
The offer is 28 sen per share, a 16.67% premium over the 24 sen close on Oct 16. Eng Lian Enterprise Sdn Bhd and its connected parties together control about 13% of Toyo Ventures.
How much did KIP REIT’s net property income rise?
KIP REIT’s net property income rose 18% to RM34.95 million in the first quarter ended Sept 30, from RM29.72 million a year earlier. Revenue rose nearly 20% to RM48.75 million.
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Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making investment decisions.
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