Company News For The Day: SD Guthrie and Gamuda Energy

SD Guthrie Bhd has signed a collaboration with Gamuda Energy Sdn Bhd to develop, own, and operate 1.2GW of solar power assets with storage systems, targeting Malaysia’s rising industrial and data centre demand. The partnership leverages Guthrie’s nationwide landbank and Gamuda’s 3GW regional RE pipeline.

SD Guthrie and Gamuda Energy

Group MD Datuk Mohamad Helmy Othman Basha said RE will be a new growth pillar and part of Guthrie’s net-zero agenda, while Gamuda’s Faris Mohd Yusof highlighted the scale and expertise the venture brings. The first phase will focus on unproductive land within Guthrie’s portfolio, with project rollouts to follow.

Dialog 4QFY6/25 profit up 6.5%
Dialog posted a 6.5% YoY net profit growth to RM147.4m in 4QFY6/25, supported by its Malaysian midstream and downstream operations despite weaker international results. However, FY25 net profit plunged 47.2% to RM303.8m due to impairments and joint venture losses. The group remains focused on its core competencies, efficiency, and long-term strategies amid market uncertainties.

SP Setia teams up with Taiwan’s ALP
SP Setia is partnering Taiwan’s ALP to develop a RM4bn smart warehouse campus at Setia Alaman Industrial Park, Klang. Spanning 42 acres, the project will feature AS/RS-enabled cold chain and ambient storage facilities, forming the group’s new industrial growth pillar. The company, however, reported a 66% YoY fall in 2QFY25 profit to RM99.8m.

Solarvest’s 1QFY3/26 profit doubles
Solarvest’s 1QFY3/26 net profit more than doubled to RM15.9m, driven by ongoing CGPP solar projects. Revenue surged 89.6% YoY to RM137.7m, supported by an unbilled order book of RM1.18bn. Government renewable energy initiatives and the Powervest programme (141MWp capacity) are expected to strengthen its long-term growth pipeline.

Petron Malaysia’s 2QFY25 profit soars
Petron Malaysia’s 2QFY25 net profit tripled YoY to RM41m, driven by refinery optimisation and higher-value output. Revenue, however, slipped 24% to RM3.26bn due to weaker oil prices. The group is expanding through new service stations and progressing with its second PME biodiesel plant.

TSH Resources’ 2QFY25 profit doubles
TSH Resources’ 2QFY25 net profit surged 140% YoY to RM49.2m, supported by stronger palm product prices and the absence of a one-off depreciation hit. For 1HFY25, net profit doubled to RM97.4m. With CPO prices above RM4,000/tonne, the outlook remains favourable.

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