KUALA LUMPUR (Dec 10): Here is a brief recap of the key business news and corporate announcements on Wednesday:

Gamuda Bhd (KL:GAMUDA) posted a 5% rise in net profit for the first quarter ended Oct 31, 2025 (1QFY2026), boosted by stronger contributions from domestic construction projects and property developments in Vietnam. Net profit increased to RM215.13 million from RM205.39 million a year earlier, while revenue fell 7.2% to RM3.84 billion from RM4.14 billion. The group declared an interim dividend of five sen per share, unchanged from the same period last year, with the entitlement date to be announced later. — Gamuda 1Q net profit rises 5% on stronger domestic contribution; declares 5 sen dividend

Astro Malaysia’s (KL:ASTRO) 3QFY2026 net profit fell to RM9.19 million from RM46.94 million a year earlier, dragged by higher financing and operating costs, plus unrealised forex losses on unhedged lease liabilities. Revenue slipped 7.2% to RM695.6 million from RM749.7 million, weighed down by softer subscription and advertising income across both TV and radio segments. Astro expects a seasonal lift in 4QFY2026 from year-end and Chinese New Year festivities, and plans to maximise monetisation across content, broadband and advertising while continuing its transformation efforts. — Astro 3Q profit falls to RM9m amid rising costs, lower revenue

Eco World Development Group Bhd (KL:ECOWLD) is raising its sales target to RM4 billion for the new financial year after reporting record earnings. The property developer’s net profit jumped 44% to RM438.07 million, while revenue rose nearly 30% to RM2.93 billion. Eco World declared a final dividend of two sen per share, bringing total dividends for FY2025 to seven sen, up from six sen the previous year. — Eco World raises sales target for FY2026 as earnings hit all-time high

Sunsuria Bhd (KL:SUNSURIA) is raising its stake in KL City Gateway (KLCG), the developer of the Kampung Sungai Baru redevelopment, to 61% by acquiring an additional 41% for RM21.46 million. The group also entered into a new shareholders’ agreement with the remaining shareholders and is required to extend financial assistance to KLCG, including shareholders’ advances and a corporate guarantee of up to RM387 million. — Sunsuria raises stake in developer of Kampung Sungai Baru project to 61%

MyNews Holdings Bhd (KL:MYNEWS) said its public shareholding spread has dipped to 24.925%, falling 0.075% short of the required 25%, following a stake increase by its second-largest shareholder, JAG Capital Sdn Bhd. MyNews said it is exploring options to restore compliance. JAG Capital, which is linked to Minister of Plantation Industries and Commodities Datuk Seri Johari Abdul Ghani, raised its stake to 20.29% on Dec 5 for RM28.24 million. — MyNews public shareholding spread slips below 25%

Ipoh-based ICT provider SNS Network Technology Bhd (KL:SNS) posted a largely flat 3QFY2026 net profit of RM10.09 million versus RM10.2 million a year earlier, as higher selling, distribution and administrative expenses were offset by a RM6.85 million impairment reversal. Revenue jumped 54.1% to RM384.9 million from RM249.7 million, driven by stronger ICT product sales via commercial and online channels. The group declared a third interim dividend of 0.25 sen per share (RM4.19 million), payable on Feb 13, 2026. — SNS Network posts flat 3Q profit amid rising costs, pays 0.25 sen dividend

Bermaz Auto Bhd (KL:BAUTO) posted a 57% drop in 2QFY2026 net profit to RM17.2 million from RM40.3 million a year earlier, citing lower sales of certain Mazda and Kia models, and stiff competition from low-priced Chinese-made vehicles. Revenue fell 14% to RM556.6 million from RM646.9 million, but was partly supported by strong sales of completely built-up (CBU) models, including the XPeng X9, Mazda CX-60 and Mazda3 1.5L. The automotive distributor declared a second interim dividend of 1.25 sen per share, down from 10 sen a year ago, payable on Feb 6. — Bermaz Auto's 2Q net profit falls 57% amid lower sales of Mazda, Kia models

Cheeding Holdings Bhd (KL:CHEEDING) has secured a RM13.5 million contract from Tenaga Nasional Bhd (KL:TENAGA) for extension works at the Genting Sempah substation. The project, awarded to an unincorporated joint venture between Cheeding’s subsidiary PBCSB (60%) and Orasko (40%), involves dismantling and replacing 132kV primary equipment, civil works, secondary system installation, and the construction of new gantries and steel poles. — Cheeding wins RM13.5m TNB contract for Genting Sempah substation upgrade

Chin Hin Group Bhd (KL:CHINHIN) has sold a 6.83% stake in its subsidiary Signature International Bhd (KL:SIGN) for RM59.99 million, netting a disposal gain of RM34.18 million. The group sold 44.12 million Signature shares between July 25 and Dec 9 as part of its capital management strategy to unlock value and reallocate funds for strategic priorities. The proceeds will be used as working capital. The disposals reduced Chin Hin’s stake in Signature from 70.52% to 63.69%, at an average price of RM1.36 per share. — Chin Hin says it sold about RM60m worth of Signature International shares over last four months

BMS Holdings Bhd (KL:BMS) managing director Ang Kwee Peng and executive director Lee Kok Chuan boosted their shareholdings in the company, a day after its dismal ACE Market debut. Ang bought three million shares on Dec 9 at 17.5 sen to 17.75 sen each, while Lee acquired 12 million shares at 17.5 sen to 17.6 sen apiece. The stock, which slumped 20% on its Monday debut to settle at 17.5 sen, closed at 18 sen on Tuesday. It climbed further on Wednesday to close at 19 sen — still down nearly 14% from its initial public offering price of 22 sen. Post-purchase, Ang holds 0.33% direct and 30.8% indirect stake; Lee holds 18.4% direct and 12.8% indirect. — BMS founders step in to support share price after dismal ACE Market debut