MMAG Aviation Consortium Sdn Bhd (MAC), the aviation division of MMAG Holdings Bhd, announced on Wednesday that its subsidiary Oceanic Transhipment Sdn Bhd has formed a strategic joint venture with Macau's Asia Express Ltd and Suniao Supply Chain Sdn Bhd for the oceanic transhipment hub it has set up in the Cainiao Aeropolis eWTP Hub at the Kuala Lumpur International Airport (KLIA). (TheEdge)

Perdana Petroleum Bhd's contract wins provides earnings visibility for Dayang Enterprise Holdings Bhd in the upcoming quarters.  (NST)

Teo Seng Capital Bhd on Thursday declared non-cash dividend as its fourth interim dividend following the poultry company's record-high earnings in the year ended Dec 31, 2023. (TheEdge)

Amir Nashrin Johari has been appointed as an executive director of CI Holdings Bhd, and a non-independent and non-executive director of KUB Malaysia Bhd, effective from March 6. (NST）

Maybank Investment Bank (Maybank IB) has positive thoughts regarding Optimax Holdings Bhd's new high-margin plastic surgery division. (NST)

TA Securities Sdn Bhd has assigned a target price-earnings (PE) of 23 times financial year 2025 (FY2025) forecast earnings per share (EPS) for ACE Market-bound Alpha IVF Group Bhd and derived a fair value of 28 sen. (TheEdge)

RHB Retail Research said Cepatwawasan Group Bhd is resuming the upside movement after breaking past the resistance on strong volume. (TheEdge)

RHB Retail Research said SNS Network Technology Bhd is eyeing to stage a bullish breakout, testing the immediate resistance with high volume. (TheEdge)

Hong Leong Investment Bank (HLIB) Research has upgraded AMMB Holdings Bhd to “buy” at RM3.99 with an unchanged Gordon Growth Model (GGM)-derived target price of RM4.20, based on 0.71 times calendar year 2024 (CY2024) price-to-book ratio (P/B) with assumptions of 8.6% return on equity (ROE), 11.0% cost of equity (COE), and 3.0% long-term growth. (TheEdge)

Source: New Straits Times, The Edge Markets The Star 07 March 2024 

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