KUALA LUMPUR: Companies which could see trading interest on Wednesday are Southern Steel, Tanco, Bina Darulaman, Ekovest and MyEG following their corporate announcements, JF Apex Research said.

       Southern Steel posted a 4Q FY21 net profit of RM24.47mil from a net loss of RM48.93mil, on the back of higher revenue.

       Tanco has received a letter of award (LoA) for the engineering, procurement, construction and completion of the proposed reclamation of land measuring approximately 120 acres in a Melaka site, which is ancillary to the operation of Tanjung Bruas port.

       Bina Darulaman’s joint venture (JV) with Menteri Besar Kedah Inc (MBI Kedah) has entered into a concession agreement for a mixed development of premium brand outlets, with boutique hotels and other amenities in Bandar Padang Mat Sirat, Langkawi.

       Ekovest slipped back into the red in its 4QFY21 after three quarters in the black, hit by higher tax despite strong revenue and pre-tax profit recorded. Quarterly loss was booked at RM2.66mil, compared with net profit of RM27.54mil in 3QFY21.

       MYEG has entered into a partnership with China's Bubi Technologies Co Ltd to build supernodes around the world based on a blockchain system.

       Southern Acids’ 1QFY22 net profit rose 36.83% yoy as contribution from all three key business segments - oleochemical, milling and estate, and healthcare segments more than doubled.

       Advancecon saw smaller y-o-y net loss in 2QFY21 (RM2.5mil compared to RM6.86mil a year ago), but sank into the red compared to 1QFY21 as construction activities faced disruption due to lockdown measures, increased costs.

       Astro's 2QFY22 net profit fell 34.81% yoy on subdued commercial subscription and merchandise sales.