- Top Glove Corporation is looking to expand aggressively through mergers and acquisitions, with hopes to conclude a deal within a year. According to the firm, it is talking to three or four rubber glove-related companies in Malaysia and Thailand.

- The group which sits on a cash pile of RM200 million, has said that it will be able to come up with RM1 billion to RM2 billion more for the acquisition. ...

- TA Global posted a net loss of RM12.6 million for the second quarter ended 31 July 2015 (2Q16) , a stark difference to the RM21.2 million net profit recorded in 2Q15. Turnover for the quarter declined 47.1 percent to RM114.3 million.

- Top line was affected by lower hotel revenue due to refurbishment works as well as the absence of loan recovery income, while the overall performance was dragged down by foreign exchange loss on Singapore dollar and Canadian dollar denominated borrowings, as a result of the weakening Malaysian ringgit, in the investment holding segment. ...

- Despite recording a 5.2 percent drop in 4Q15 turnover to RM506.8 million, VS Industry’s earnings for the quarter jumped 44.4 percent to RM52.7 million, underpinned by better sales mix and also a foreign exchange gain of RM24.4 million compared to a loss of RM2.1 million in 4Q14.

- For the full-year, net profit spiked 147.5 percent to RM132.7 million, on the back of a 12.9 percent rise in revenue to RM1.9 billion. The better performance was attributable to the higher top line as well as better sales mix in the Malaysian operations. ...

- Property developer Eastern & Oriental (E&O) has announced that the construction of infrastructure at the 54.6 hectares freehold land in Elmina West will be carried out over the next three years.

- According to the sales and purchase agreement, Sime Darby Elimina (SDED), from whom the firm acquired the land, will continue with the construction work on the land. ...

- GPA Holdings’ subsidiaries, GP Autobat, GPA Plastic Industries and GPA Technologies, plan to shut down their respective manufacturing operations in 4Q15, following years of losses.

- The decision comes as the firm does not expect its manufacturing operations to turn around in near future, based on existing market conditions as well as the high manufacturing costs primarily due to lack of economies of scale. ...

- Hong Leong Investment Bank (HLIB) Research is positive on the outlook of shipping firm MISC, based on its resilient petroleum tanker charter rate and strong support from its parent group, Petroliam Nasional (Petronas).

- The group has set a five-year strategic growth plan focusing on three core segments – petroleum shipping; offshore floating production storage and offloading vessels (FPSO) and floating storage and offloading vessel (FSO); and liquefied natural gas (LNG) shipping. ...

- Eco World Development Group has proposed to buy 2,198.4 acres of leasehold land in Ijok, Kuala Selangor for RM1.2 billion via its unit, Paragon Pinnacle.

- The deal would provide the firm with sizeable tracts of land in the North-Western growth corridor of the Klang Valley that will enable it to establish a dominant presence in that area, with access to a new market catchment to complement its strong township positioning. ...

- Eco World Development Group has proposed to buy 2,198.4 acres of leasehold land in Ijok, Kuala Selangor for RM1.2 billion via its unit, Paragon Pinnacle.

- The deal would provide the firm with sizeable tracts of land in the North-Western growth corridor of the Klang Valley that will enable it to establish a dominant presence in that area, with access to a new market catchment to complement its strong township positioning. ...

- Despite registering a 7.1 percent rise in 1Q16 turnover to RM1.5 billion, Berjaya Land’s net profit declined 73.7 percent to RM9.9 million.

- Top line growth was attributed to higher revenue from the group’s car dealership company, favourable foreign exchange effect and higher progress billings from property development. ...

- Despite recording a 7.7 percent jump in revenue to RM1.3 billion for 1Q16, attributable to increased contribution form HR Owen, Berjaya Sports Toto’s net profit fell 7.5 percent to RM72.5 million, impacted by the performance of its lottery business.

- Sports Toto, the group’s principle subsidiary, recorded a 23.6 percent decline in pre-tax profit that weighed on overall bottom line, due to higher prize payout coupled with the Malaysian goods and services tax expenses absorbed. ...

- Despite recording a 7.7 percent jump in revenue to RM1.3 billion for 1Q16, attributable to increased contribution form HR Owen, Berjaya Sports Toto’s net profit fell 7.5 percent to RM72.5 million, impacted by the performance of its lottery business.

- Sports Toto, the group’s principle subsidiary, recorded a 23.6 percent decline in pre-tax profit that weighed on overall bottom line, due to higher prize payout coupled with the Malaysian goods and services tax expenses absorbed. ...

- SKP Resources secured another five-year contract from its key client Dyson, this time round also for the manufacturing of cordless vacuum cleaners, though presumably of a different variant.

- The award comes in addition to a RM400 million five-year contract which it secured back in May. ...

- Fututech’s chairman and two executive directors are injecting their two privately-held companies, Kerjaya Prospek (M) and Permatang Bakti, into the group for RM458 million in cash and shares to expand its property development and construction business.

- The deal will be financed via RM35.2 million in cash, RM42.8 million in the firm’s shares and the remaining RM360 million in new redeemable convertible preference shares at an issue price of RM1.16 each. ...

- Harvest Court Industries, which manufactures timber-related products, plans to diversify into property development while focusing more on timber services.

- The group has identified two prime areas in Selayang, Selangor, and Malacca for development and is negotiating with business associates that own the land parcels in the two areas for possible joint ventures. ...

- Sunway Construction Group’s subsidiary, Sunway Construction, has bagged a RM1.6 billion contract to design and construct government office buildings in Putrajaya.

- The contract consisted of the construction 10 blocks of government office buildings and one block of shared facilities. Construction would start on 18 September and is expected to take 34 months for completion. ...

- GUH Holdings’ unit, GUH Realty, has proposed to acquire two pieces of land in Seberang Perai, Penang for RM22.6 million, which will be financed through bank borrowing and internally generated funds.

- The firm plans to use the pieces of land, totaling 4.9 hectare, to develop a light industrial park as it is of the view that there would be a growing demand for light industrial factories from small and medium size suppliers who would want to be located close to their customers. ...

- Guinness Anchor’s (GAB) fundamentals are expected to remain intact despite the bills of demand from Royal Malaysia Customs for payment of additional excise duties and sales tax totalling RM56.3 million, according to Kenanga Research.

- Kenanga Research said it was surprised by the tax claims, which were issued nearly two years after the affected period. It will likely to be a long-drawn case, similar to that of Carlsberg Brewery Malaysia, which is still unresolved after one year. ...

- Software developer The Media Shoppe has made its first foray into the property development and construction industry through its wholly-subsidiary, Exonion, in a RM192 million deal to develop a piece of land in Kemaman, Terengganu.

- Exonion has been appointed managing contractor by, and will be responsible for providing professional project management facilities for the development of the land measuring 12.1 hectares into a mixed project. ...

- Armed with some RM23 million of cash, SLP Resources, a plastics packaging company, plans to establish a new RM25 million manufacturing facility adjacent to its present plant in Kulim.

- Despite the fall in domestic demand for packaging materials, the group is seeing a rise in overseas demand, as the gap between the prices of Malaysian-made packaging materials and Chinese-made ones are closing, due to a rise in production cost in China. ...

- Bina Puri Holdings has clinched a contract close to RM95 million from Toyo Engineering & Construction to do civil works in a steam cracker complex within the site of Petronas’ Refinery and Petrochemical Integrated Development (Rapid) project.

- The win marks the company’s first successful tender to undertake a sizeable construction project in civil works for an oil and gas complex and the firm sees it as testament to its versatility and competency in using advanced construction techniques. ...

- Scomi Engineering is eyeing a bigger slice of the rail industry pie locally and regionally, following the inking of a collaboration agreement (CA) with Czechoslovakia-based transport and engineering company Skoda Transportation.

- The CA will enable the firm to provide new product offerings to complement its existing suite of transport solutions, as well as give it the exclusive rights to use, market, distribute and resell components, products and services of Skoda Electric in the Brazilian and ASEAN markets. ...

- Chemical Company of Malaysia is shutting down its fertiliser plant in Shah Alam and retrenching 232 staff due to prolonged negative market conditions.

- The Shah Alam plant, which commenced in 1966, experienced a pre-tax loss of RM4.3 million in 2014 and the business continued to face challenges in 2015. ...

- Titijaya Land’s fundamentals remain largely intact, with unbilled sales of RM732 million (2.2 times FY15 property development revenue) and a strong balance sheet (net cash at RM7 million), according to AmResearch.

- The research house noted that the firm’s stock is currently trading at a steep 60 percent discount vis-a-vis its revised net asset value (NAV) per share of RM4.54. ...

- 7-Eleven Malaysia Holdings recorded a 52.7 percent decline in 2Q15 net profit to RM10.7 million, despite registering a 2.3 percent gain in revenue to RM482.3 million.

- The poorer performance has been attributed to lower sales growth, due to the impact of the goods and services tax (GST) and weak consumer confidence, as well as higher selling and distribution expenses from new store expansion. ...