Ge-Shen Corp Bhd, a contract manufacturer, announced a RM13.5 million deal to purchase stakes in two companies in the electric and electronic (E&E) industry, the same day it was issued an unusual market activity (UMA) query. (NST)

Magni-Tech Industries Bhd remains cautiously optimistic over its business outlook for the remaining quarters of its current financial year. (TheStar)

YTL Power International has set up YTL AI Cloud, a specialised provider of massive-scale graphics processing unit (GPU)-based accelerated computing, to deploy and manage one of the world’s most advanced supercomputers on Nvidia Grace Blackwell-powered DGX Cloud, an artificial intelligence (AI) supercomputer for accelerating the development of generative AI. (TheEdge)

ACE Market-bound Alpha IVF Group Bhd posted a net profit of RM12.21 million for the second quarter ended Nov 30, 2023 (2QFY2024), on the back of revenue of RM38.54 million. (TheEdge)

Uzma Bhd and Dayang Enterprise Holdings Bhd are expected to be the main beneficiaries of the accelerated domestic capital expenditure (capex) by Petroliam Nasional Bhd (Petronas). (NST)

Synergy House Bhd is expected to record strong financial year 2024 (FY24) to FY26 earnings growth, supported by the exponential expansion of the business-to-consumer (B2C) division and a resilient business-to business (B2B) segment. (NST)

Hong Leong Investment Bank Bhd (HLIB) says investing in Sunway Bhd offers investors a chance to be part of Malaysia's expanding economy, which is anticipated to pick up momentum in 2024 and beyond. (NST)

YNH Property Bhd has appointed Morison LC Malaysia as its new external auditor for the company for the financial year ending June 30, 2024. (NST)

TT Vision Holdings Bhd (TTVHB) has tied up with Autowell (Singapore) Pte Ltd (ASPL), a wholly-owned subsidiary of China-listed Wuxi Autowell Technology Co Ltd, to establish a new manufacturing hub catering to the overseas solar energy markets. (TheStar)

Apollo Food Holdings Bhd’s net profit surged to RM30.2mil in the third quarter ended Jan 31 compared with RM10.8mil achieved in the same period last year. (TheStar)

Phillip Capital has initiated coverage of Bumi Armada Bhd (BAB) with a 'buy' rating at 56 sen, with a target price of 80 sen, and said BAB is well positioned to capitalise on growing demand for floating production storage and offloading (FPSO) operations, supported by its stronger balance sheet amid increasing global oil and gas capital expenditure (capex) spending. (TheEdge)

Source: New Straits Times, The Edge Markets The Star 19 March 2024 

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