Malaysia stocks: Kerjaya, Foodie, Meridian move

Foodie Media also delivered a sharp earnings beat, posting a more than tenfold jump in fourth-quarter net profit to RM4.55 million as revenue climbed 82.5% to RM15.8 million. For the full year, profit rose 68.4% to RM15.7 million and revenue hit a record RM55.5 million, underscoring how digital content and publishing growth is translating into bottom-line expansion.

RHB Bank’s separate insurance disposal process remains alive after Bank Negara Malaysia approved an extension of negotiations with Tokio Marine Asia to Feb. 11, 2027. That buys the lender more time to work through a transaction that could simplify its structure and potentially unlock capital, even if the process is moving slowly.

Pavilion REIT offered a more mixed read on the retail property backdrop. Third-quarter net profit slipped to RM92.91 million from RM94.58 million a year earlier, though nine-month profit still rose to RM287.75 million on higher revenue, suggesting tenant and occupancy trends remain supportive even as quarterly earnings soften.

Other headlines point to more stock-specific catalysts. Harbour-Link is spending RM56.68 million on two self-propelled container vessels to expand capacity, while Exsim Hospitality secured a RM13.49 million subcontract for carpentry works. TSH Resources said its Indonesian operations were not responsible for recent haze, trying to limit reputational damage in a sensitive environmental issue.

CIMB’s denial of any plan to privatize its 92.5%-owned Indonesian unit, Bank CIMB Niaga, removes a speculative overhang for now. At the other end of the spectrum, Meridian faces delisting on Nov. 3 unless it appeals by Oct. 29 after Bursa Malaysia rejected more time to file a regularisation plan, putting the stock in immediate distress.

For investors, the story is less about a single macro theme than a cluster of idiosyncratic catalysts in a market already wary of volatility. Contract-backed builders, profit-growing media names and companies with strategic corporate actions look better placed than firms facing regulatory deadlines or unresolved restructuring risk.