Bursa Malaysia Bhd's net profit rose 33.6 per cent to RM75.03 million in the first quarter ended March 31, 2024 (1Q 2024) from RM56.17 million in 1Q 2023. (NST)

Integrated circuit (IC) design service provider Oppstar Bhd is collaborating with South Korea’s tech giant Samsung Electronics Co Ltd for the production of industrial ICs manufactured using Samsung’s 14 nanometre (nm) FinFET technology foundry process. (TheEdge)

The tighter global crude palm oil (CPO) supply resulting from the ongoing El Nino dry weather in Malaysia is expected to support the CPO prices, said MKH Oil Palm (East Kalimantan) Bhd (MKHOP). (TheStar)

Sime Darby Plantation Bhd (SD Plantation), the world’s largest palm oil producer by acreage, has proposed to change its name to SD Guthrie Bhd. (TheStar)

The world's fourth largest automotive LED maker D&O Green Technologies Bhd is expected to benefit from China's new automotive policy to encourage a shift to greener new energy vehicles (NEV). (NST)

YNH Property Bhd yesterday announced that it has revoked an earlier sale and purchase agreement (SPA) for its 2.6 hectare land in Segambut and granted development rights for it  to Chin Hin Property (Segambut) Sdn Bhd, to quickly generate cash. (NST)

Listing-bound Sin-Kung Logistics Bhd is expected to record a compounded annual growth rate in core net profit of 39.9 per cent for financial years 2023-2025, said Hong Leong Investment Bank Bhd (HLIB). (NST)

Shares of Nestlé (Malaysia) Bhd (Nestlé Malaysia) rose to its highest in eight months after reporting results that came in slightly ahead of expectations, though analysts flagged sales pressure ahead for the food-and-drink company. (TheEdge)

Sapura Energy Bhd has bagged  a contract for the provision of Pan Malaysia underwater services for Petronas group of companies and petroleum arrangement contractors by PTTEP Sabah Oil Ltd. (NST)

Despite a cautious industry forecast, Unisem (M) Bhd's revenue could expand by up to 12 per cent in the US dollar during the second quarter of 2024 (2Q24), according to Hong Leong Investment Bank Bhd (HLIB). (NST)

Malacca Securities has ascribed a fair value of 44.5 sen per share for Farm Price Holdings Bhd, which marks a premium 85% from its initial public offering (IPO) price. (TheStar)

Source: New Straits Times, The Edge Markets The Star 30 April 2024 

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