Kumpulan Perangsang Selangor (KPS) is allocating RM24.2 milion to payout 4.5 sen a share to shareholders with the sale of its 50 per cent interest in King Koil mattress license holder, Kaiserkorp Corporation Sdn Bhd. (NST)

FGV Holdings Bhd has reimbursed RM72.2mil in recruitment fees to 19,673 migrant workers, including former migrant workers, to-date. (TheStar)

Mah Sing Group Bhd will launch its latest high-rise residential development M Terra, located in Puchong Perdana, Puchong, Selangor, in the second quarter of 2024 (2Q2024). This was announced at the opening ceremony of M Terra’s sales gallery at Bandar Puteri, Puchong, on Jan 10. (TheEdge)

CAB Cakaran Corporation is in a position for an uptrend rebound, as it rebounded above the 21-day simple moving average (SMA) line while eyeing a test of the 71.5 sen immediate resistance on Tuesday. (TheEdge)

Malayan Flour Mills Bhd (MFM) and Leong Hup International Bhd have appealed the decision of the Malaysia Competition Commission (MyCC) regarding price-fixing infringement by filing a Notice of Appeal with the Competition Appeal Tribunal. (NST)

RHB Research has raised the earnings forecasts for Datasonic Group Bhd for the financial years 2024 to 2026 (FY24-FY26) 0.5 per cent, 26.1 per cent and 49 per cent respectively following RM175 million contract extensions from the Home Ministry (KDN). (NST)

Capital A Bhd’s move to dispose of its airline business to sister company AirAsia X Bhd (AAX) is seen as a positive development to help the former uplift itself from its Practice Note 17 status, or risk triggering a trading suspension. (TheStar)

SBH Marine Holdings Bhd, a vertically integrated frozen seafood provider, has received the approval from Bursa Malaysia to list on the ACE Market. (TheStar)

Higher dividends may be in store for Telekom Malaysia Bhd (TM) shareholders over the next 12 months as the group is poised to see “continued earnings delivery”, says CGS-CIMB Research. (TheStar)

TA Securities has valued ACE Market-bound building support services provider KJTS Group Bhd at 13 times calendar year 2025 (CY2025) earnings per share (EPS), arriving at a fair value of 29 sen. (TheEdge)

RHB Retail Research said Swift Haulage Bhd is set to trend upwards further after it pushed past the breakout level of the 58.5 sen immediate resistance on Tuesday, on high trading volume. (TheEdge)

PRG Holdings Bhd group executive vice chairman Datuk Lua Choon Hann has ceased to be a substantial shareholder of the group after he disposed of another 955,600 shares or a 0.22% stake, between Jan 5 and 9.  (TheEdge)

Source: New Straits Times, The Edge Markets The Star 10 January 2024

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