Genting Malaysia Bhd (GENM) plans to inject up to US$100 million (RM456m) into Empire Resorts Inc (Empire) via its subsidiary, Genting ER II LLC (GERL). (NST)

Satellite communications company Measat Global announced via press release that it is now an official authorised reseller for Starlink following the signing of an agreement with SpaceX last December. (TheStar)

JAG Capital Holdings Bhd’s mandatory general offer (MGO) for KUB Malaysia Bhd is not due to any valuation issues, according to Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani. (TheEdge)

Thong Guan Industries Bhd may see a margin contraction in light of the weakening US dollar. (NST)

UEM Sunrise Bhd is cautiously optimistic about the demand for property this year, underpinned by the continued demand to service the mid-range customer market as well as greater demand for residential products in the Klang Valley. (TheStar)

Bumi Armada Bhd's 30%-owned Armada Sterling floating production, storage and offloading (FPSO) is anticipated to secure final acceptance from the client by end-1QFY24, despite having achieved first oil later than initially guided, said Kenanga Research. (TheStar)

RHB Retail Research said Jaya Tiasa Holdings Bhd is expected to propel higher after it climbed above the immediate resistance of 96 sen on strong trading volume and above the rising 21-day simple moving average line. (TheEdge)

RHB Retail Research said Eco World International Bhd is in the midst of a rebound following a recent correction as it rebounded above the 21-day simple moving average line while breaching above the 31.5 sen immediate resistance level on higher trading volume. (TheEdge)

Rakuten Trade said buying interest for QL Resources Bhd may have returned after breaking out from the three-week rectangular pattern two sessions ago. (TheEdge)

Source: New Straits Times, The Edge Markets The Star 11 January 2024

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