Stocks to Watch: DRB-Hicom, Citaglobal, Critical Holdings, Carzo, Y&G, Hup Seng, Inta Bina, HCK Capital

DRB-Hicom proposed to acquire Spirit Aerosystems Malaysia for a US$95.2mln enterprise value. Citaglobal is acquiring Zeqna Corporation and Koridor Mentari for RM15mln and RM1, respectively. Critical Holdings secured a RM40.76mln contract for mechanical and electrical works. Carzo Holdings faces possible delisting after failing to acquire a new core business. Y&G is acquiring land and companies worth RM395mln. Hup Seng Industries reported a 5.7% decline in net profit to RM8.5mln. HCK Capital is acquiring a plot of land for RM19.35mln. Inta Bina accepted a letter of award for main building works worth RM264.5mln.

In a flurry of corporate activity, several significant acquisitions and contracts have been announced in Malaysia, shaping the country's financial landscape. Spirit AeroSystems Malaysia is set to be acquired by Boeing, with the deal valued at US$95.2 million [1]. Citaglobal Bhd has acquired majority stakes in two hydropower projects for a total of RM15 million [2]. Meanwhile, Critical Holdings Bhd secured a RM40.76 million contract for mechanical and electrical works [3]. Additionally, Carzo Holdings faces potential delisting after failing to acquire a new core business, while Y&G is acquiring land and companies worth RM395 million. Hup Seng Industries reported a 5.7% decline in net profit to RM8.5 million, and HCK Capital is acquiring a plot of land for RM19.35 million. Inta Bina accepted a letter of award for main building works worth RM264.5 million.

Spirit AeroSystems Malaysia's acquisition by Boeing signals a strategic move for the aerospace giant to bolster its engineering and manufacturing capabilities in the region. The deal, which involves the sale of an engineering and manufacturing facility in Malaysia, underscores Boeing's commitment to expanding its global footprint [1].

Citaglobal's acquisition of Zeqna Corporation and Koridor Mentari positions the company to capture immediate renewable energy revenue from the Slim Hydropower Plant and the Kampar Hydropower Plant, respectively. The strategic move accelerates Citaglobal's growth in the renewable energy sector by several years [2].

Critical Holdings' contract for mechanical and electrical works for a new production floor fit-up, including cleanroom architecture and process utilities, is expected to contribute positively to the company's earnings and net assets for the financial year ending June 30, 2026. The contract, awarded by a renowned US-based multinational corporation, highlights the company's expertise in MEP design and engineering services [3].

Carzo Holdings' potential delisting due to the failure to acquire a new core business underscores the challenges faced by companies in securing strategic acquisitions. The company's inability to finalize the deal may impact its financial performance and market standing.

Y&G's acquisition of land and companies worth RM395 million indicates a significant investment in the real estate sector. The deal, which includes the acquisition of companies, suggests a broader strategy to diversify and expand Y&G's portfolio.

Hup Seng Industries' reported decline in net profit to RM8.5 million reflects the company's ongoing challenges in maintaining profitability. The 5.7% decline in net profit highlights the need for the company to implement cost-cutting measures and improve operational efficiency.

HCK Capital's acquisition of a plot of land for RM19.35 million indicates a strategic investment in real estate. The deal may signal the company's expansion plans and its focus on acquiring prime properties for development.

Inta Bina's acceptance of a letter of award for main building works worth RM264.5 million underscores the company's role in large-scale construction projects. The award, which involves the construction of main building works, highlights the company's expertise and capabilities in the construction sector.

In conclusion, the recent acquisitions and contracts in Malaysia reflect a dynamic and competitive corporate environment. These transactions highlight the strategic importance of securing key assets, partnerships, and contracts for companies aiming to maintain and enhance their market position.

References:
[1] https://www.bizjournals.com/wichita/news/2025/08/11/spirit-aerosystems-malaysia-sale-boeing-merger.html
[2] https://www.thestar.com.my/business/business-news/2025/08/11/citaglobal-acquires-majority-stakes-in-two-hydropower-projects-for-rm15mil
[3] https://theedgemalaysia.com/node/766095