3 Mins Daily Headlines: Bursa Malaysia Market Overview 4 Feb 2026

3 Mins Daily Headlines

Date: February 4, 2026 | Market: Bursa Malaysia

1. Southern Cable (SCGBHD: 0225) – TNB Contract Hits RM524m

  • Key Facts: Secured a RM121.1m variation order for TNB underground cables, raising the total contract value to RM524m.
  • Impact: Strong earnings visibility for FY26 driven by national utility infrastructure demand.

2. IOI Properties (IOIPG: 5249) – RM740.68m Land Sale

  • Key Facts: Selling 136 acres of industrial land in Banting for RM740.68m following the launch of its GreenRE industrial park.
  • Impact: Strategic monetization of land bank to strengthen balance sheet and fund future growth.

3. Binastra Corp (BINASTRA: 7172) – RM503m Data Centre Win

  • Key Facts: Secured a RM503m DC contract in Cheras; total order book reaches a record RM7 billion.
  • Impact: Solidifies Binastra's role as a leader in Malaysia's high-growth data centre construction sector.

4. Plantation Sector – Indonesian Land Dispute Risks

  • Key Facts: Kenanga Research warns of potential provisions in 4Q earnings due to Indonesian HGU land disputes and forestry regs.
  • Impact: Genting Plantations Bhd (KL:GENP) is likely the most impacted by the dispute, with SD Guthrie Bhd (KL:SDG), PPB Group Bhd (KL:PPB), and Kuala Lumpur Kepong Bhd (KL:KLK) also facing potential risks

5. Lagenda Properties (LAGENDA: 7179) – Speeding Up Growth

  • Key Facts: CGS International expects earnings speed-up in 2026-27; ROE projected to rise to 17%.
  • Impact: BUY call maintained with TP around RM2.03-RM2.13 based on affordable housing strength.
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