News In Brief

Welcome to our ‘News In Brief’ column in which we digest all the news releases for you in no more than five paragraphs.
Below are snippets of all the media releases we received from Feb 24 till the end of the week.
This article updates throughout the week.

HEYTEA Expands Globally

Sydney, Feb 24: HEYTEA has partnered with Adyen to support its global expansion, leveraging the payment platform’s unified commerce technology and global acquiring network.
With over 4,300 outlets across 300 cities, HEYTEA is set to expand into the United States, United Kingdom, Singapore, and Australia. The integration with Adyen will enhance transaction speed and reliability while supporting local payment methods, including WeChat Pay via HEYTEA’s app.
The partnership aims to provide a seamless and localized payment experience as HEYTEA brings its signature “new-style tea” to international markets.

Igloo Expands Partnerships

Sydney, Feb 24: Regional insurtech Igloo has entered 2025 with a series of new partnerships and product expansions across Southeast Asia. Strengthening collaborations with Salmon, Skyro, and Shopee in the Philippines, Igloo has introduced new insurance offerings, including Gadget Protection and Goods Protection.
In Indonesia, the company has partnered with Akulaku and Kredivo while expanding its services with e-wallet platform DANA.
Thailand sees an extended partnership with True Money, now covering vehicles, and a new Flight Insurance product with Lazada.
To accelerate its growth, Igloo has appointed insurance industry veteran Sasitharan Krishnan as Chief Distribution Officer, focusing on expanding regional partnerships and enhancing its digital and traditional sales channels.

Master Tec Hits Record Revenue

Alor Gajah, Feb 24: Master Tec Group Berhad recorded its highest-ever quarterly revenue of RM96.42 million in Q4 FY2024, marking a 9.1 per centincrease from RM87.62 million in the previous quarter. The growth was driven by strong sales of low-voltage power cables, increased trading revenue, and the first full contribution from its newly acquired subsidiary, Sediacom Sdn. Bhd.
Profit After Tax surged 24.8 per cent to RM7.45 million, despite a slight 3.0 per cent dip in Profit Before Tax. Full-year revenue for FY2024 totaled RM324.04 million, up 13.5 per cent from FY2023. Master Tec has also completed its new manufacturing plant, boosting its medium-voltage cable production capacity.
The Group secured a RM107.75 million contract from Tenaga Nasional Berhad for underground cables and maintains a strong order book of RM88.44 million. Dividend payouts for FY2023 and FY2024 totaled RM12.99 million.

OCR Expands Property Portfolio

Petaling Jaya, Feb 25: OCR Group Berhad has strengthened its presence in the property market with the launch of Kyra Collection – Residensi Akasia (Phase 1) in Shah Alam and the successful vacant possession of Isola KLCC.
Kyra, featuring 2,892 apartment units across four phases, aims to provide quality affordable housing, with Phase 1 priced at RM288,000. The project has received overwhelming interest, with registrations exceeding expectations.
In the luxury segment, OCR has obtained the Certificate of Completion and Compliance for Isola KLCC, allowing homeowners to move in. The high-rise development, located near Kuala Lumpur’s Golden Triangle, offers premium urban living.
OCR is also preparing for the launch of D’Templer Hilltop Residences in Q2 2025, continuing its commitment to diverse real estate offerings.

AIZO Reports Q3 Revenue

Kuala Lumpur, Feb 25: AIZO Group Berhad recorded RM30.82 million in revenue for Q3 FY2025, compared to RM34.95 million in the same quarter last year. Despite the decline, the company saw a rise in gross profit to RM4.69 million, driven by improved margins across key segments.
The Civil Engineering division remained the largest contributor with RM21.54 million in revenue, while Bituminous Products generated RM7.72 million, and the Energy segment saw RM1.54 million, marking strong growth in renewable energy.
Quarter-on-quarter, revenue increased by 9.9 per cent, with Civil Engineering and Bituminous Products up 9 per cent and 11 per cent, respectively. The Energy segment posted a 25 per cent rise, benefiting from operational enhancements.
AIZO’s order book now stands at RM203.3 million, strengthened by recent contract wins, including a 99.99 MW Large Scale Solar (LSS) project in Kampar, Perak. The company remains focused on infrastructure and renewable energy expansion.
As of 5:00 P.M. on 25 February 2025, AIZO’s share price closed at RM0.085, with a market capitalisation of RM164.9 million.

DC Healthcare Reports Revenue

Kuala Lumpur, Feb 25: DC Healthcare Holdings Berhad recorded RM55.76 million in revenue for the financial year ended 31 December 2024 (FYE2024), with RM16.61 million in revenue for 4Q FY2024.
Quarterly revenue declined by 5 per cent compared to RM17.57 million in the same period last year, though the Group maintained strong cash sales collection. Loss Before Tax (LBT) widened to RM3.24 million, mainly due to higher depreciation, operating, and marketing costs tied to its expansion strategy.
The Group increased its clinic network from 13 to 19 locations, launched four new Dr. Chong Slimming outlets, and introduced the DC Academy. Quarter-over-quarter, revenue rose by 5 per cent, reflecting growing demand for aesthetic treatments.
For the full year, revenue declined from RM67.79 million in FY2023 due to lower service redemption rates, though contract liabilities rose to RM18.54 million, indicating a strong pipeline of prepaid packages.
DC Healthcare plans to expand further across Northern, Southern, and West Malaysia while implementing operational efficiency measures, technology upgrades, and AI-powered patient tracking to enhance service quality.

Go Hub Reports Profit Growth

Kuala Lumpur, Feb 25: Go Hub Capital Berhad recorded an adjusted Profit After Tax (PAT) of RM7.71 million for the financial year ended 31 December 2024 (FYE 2024), reflecting an 8.74 per cent increase from RM7.09 million in FYE 2023 after excluding one-off listing expenses.
For Q4 FY2024, revenue stood at RM10.04 million, with 86.09 per cent contributed by its transportation IT solutions segment. The company’s quarterly PAT increased 45.79 per cent quarter-on-quarter to RM1.56 million, driven by higher project margins in the bus segment.
On a full-year basis, Go Hub’s total revenue reached RM39.40 million, supported by strong recurring income of RM26.60 million, a 22.64 per cent year-on-year growth. The company anticipates further expansion as bus terminal operations in Gombak and other secured projects begin in Q2 2025.
Looking ahead, Go Hub plans to strengthen its market position through strategic acquisitions, AI integration, and expansion in Malaysia’s digital transportation sector. The company is actively participating in public and private tenders, with project announcements expected in the first half of 2025.
As of 5:00 P.M. on 25 February 2025, Go Hub Capital Berhad’s share price closed at RM0.85, with a market capitalisation of RM340.0 million.

Sunzen Reports Profit Surge

Petaling Jaya, Feb 25: Sunzen Group Berhad recorded a 236.4 per cent quarter-on-quarter (QoQ) increase in profit before tax (PBT) for Q2 FY2025, reaching RM2.89 million, driven by strong growth in the Human Health segment, new contributions from Medical Devices and Services, and sustained earnings in Loan Financing.
The Group posted RM27.35 million in revenue, a 19.1 per cent QoQ increase from RM22.96 million in the previous quarter. For the six-month period ending 31 December 2024, revenue stood at RM50.31 million, with a PBT of RM3.75 million.
The Human Health segment remained the largest revenue contributor at RM20.96 million, fueled by higher edible bird’s nest exports to China and strong domestic demand for health supplements. The Loan Financing segment continued its profitability, generating RM3.19 million in revenue for the quarter. The Medical Devices and Services segment, acquired in October 2024, added RM2.44 million in revenue and RM0.40 million in PBT.
Following Sunzen’s exit from the Animal Health segment, revenue for the division declined 83.07 per cent QoQ as operations wound down. The segment recorded a loss before tax of RM1.14 million, but the RM17.3 million divestment agreement signed in February 2025 is expected to strengthen the Group’s financial position.
Sunzen remains focused on expanding its presence in high-growth healthcare and financial services sectors while navigating regulatory challenges in edible bird’s nest exports.