KUALA LUMPUR (June 23): Based on corporate announcements and news flow today, stocks in focus on Wednesday (June 28) could include Gamuda Bhd, Apollo Food Holdings Bhd, Felda Global Ventures Holdings Bhd, Bina Darulaman Bhd, Wing Tai Malaysia Bhd, Microlink Solutions Bhd, Global Oriental Bhd, Malton Bhd, MCE Holdings Bhd, Berjaya Land Bhd , Vivocom International Holdings Bhd, UMW Oil & Gas Corp Bhd and Carimin Petroleum Bhd.

Gamuda Bhd's net profit grew 11% to RM170.93 million in its third quarter ended April 30, 2017 from RM152.69 million a year earlier, driven by higher progress of works on the MRT2 project.

Revenue jumped 79% to RM839.49 million from RM467.29 million. The group will be paying a second interim dividend of six sen per share on July 28.

Apollo Food Holdings Bhd posted a 57.8% increase in net profit for its fourth quarter ended April 30, 2017 (4QFY17) to RM2.7 million from RM1.71 million in 4QFY16, as revenue rose 12.14% to RM59.60 million from 53.14 million.

The increase in revenue was driven by an increase in sales from higher demand in both local and export markets. The group proposed a first and final dividend of 25 sen a share for FY17, payable on Jan 9, 2018.

Felda Global Ventures Holdings Bhd (FGV) has agreed to give suspended president and CEO Datuk Zakaria Arshad another week to respond to its show-cause letter concerning alleged improprieties at one of its subsidiaries.

Zakaria has until noon on June 29 to reply to the letter and all documents requested has been given to him today, FGV said.

Bina Darulaman Bhd (BDB) has issued a RM50 million sukuk, the first tranche of its seven-year, RM100 million Sukuk Wakalah programme.

The company said it plans to use the proceeds for its general corporate purposes including infrastructure development, potential land bank acquisitions, and working capital requirements of existing and future projects.

The takeover offer for Wing Tai Malaysia Bhd at RM1.80 per share is "not fair but reasonable", says independent adviser Mercury Securities Sdn Bhd.

"Accordingly, we recommend the holders to accept the offer," it said in a circular to the minority shareholders of the property development company.

Perisai Petroleum Teknologi Bhd's 51%-owned subsidiary Perisai Offshore Sdn Bhd has executed a contract that gives it about 20 months more to provide the service of its jack-up drilling rig PP101 to Petronas Carigali Sdn Bhd.

The supplementary contract will extend the duration of PP101's service on a formula to be agreed on between the parties, dependent on the prevailing market rate for the daily charter, Perisai said.

The original contract for the provision of the rig's service to Petronas Carigali for a three-year period had been secured on May 8, 2014.

Microlink Solutions Bhd has bagged a government contract worth RM38 million for the implementation of a loan management system via its wholly-owned subsidiary Microlink Systems Sdn Bhd

"The duration of the project is for a period of 16 months' implementation followed by three years' maintenance and support," Microlink said of the contract from the Public Sector Home Financing Board.

Global Oriental Bhd's wholly-owned subsidiary Fame Action Sdn Bhd is teaming up with Malton Bhd's wholly-owned unit Layar Raya Sdn Bhd for a mixed development project on 38.34 acres of land in Cheras.

The seven plots of freehold land are to be developed as a mixed development at the absolute discretion of Fame Action as the developer, said Global Oriental.

Layar Raya is entitled to 18% of the net development value of the project, "which shall not be less than RM65 million", it said.

It is expected to be completed over a five-year period and can be extended for a further two years subject to market supply and demand conditions.

MCE Holdings Bhd said it has secured contracts worth RM60 million to supply various electronic and mechatronic components and parts for a new Perodua model.

The contracts are expected to commence in the first quarter of its financial year ending July 31, 2018, and is for a duration of six years, with an estimated total investment cost of RM1 million.

Berjaya Land Bhd posted a net profit of RM88.57 million in its fourth quarter ended April 30, 2017 (4QFY17), compared with a net loss of RM458.58 million a year ago, as it recorded significantly lower investment-related expenses.

This marks its third profitable quarter in a row, after the group returned to the black in 1QFY17.

Datuk Seri Dr Yeoh Seong Mok has retired from Vivocom International Holdings Bhd with immediate effect after acting as the group’s CEO since November 2015.

Vivocom has yet to announce a replacement for Yeoh.

UMW Oil & Gas Corp Bhd’s (UMWOG) non-executive director Badrul Feisal Abdul Rahim resigned today ahead of the completion of UMW Holdings Bhd's planned distribution of its UMWOG stake to UMW Holdings shareholders.

Badrul Feisal is UMW Holdings president and group CEO. UMWOG said he resigned "due to the impending completion of the proposed distribution as announced by UMW Holdings Bhd".

Carimin Petroleum Bhd’s subsidiary Carimin Bina Sdn Bhd has been appointed as the exclusive subcontractor for a RM60 million civil engineering job in relation to a flood mitigation project on Jalan Temerloh, Taman Tasik Titiwangsa.

The two-year job, awarded by Urban Masterpiece Sdn Bhd, is expected to contribute positively to its earnings during the duration of the contract, Carimin said.