Dutch Lady Milk Industries Bhd (DLMI) has today inaugurated its new RM540 million state-of-the-art manufacturing hub here. (NST)

Food ingredients supplier Agricore CS Holdings Bhd, en route for a listing on the ACE Market of Bursa Malaysia, expects to raise RM25.9mil from its initial public officer (IPO). (TheStar)

Shares in IJM Corp Bhd (KL:IJM) hit a record high in early trade on Thursday after the construction-and-property company reported better-than-expected results for the fourth quarter ended March 31, 2024 (4QFY2024).

Selling pressure pushed Lagenda Properties Bhd to the day's low of 85 sen, or 27 per cent lower, after the company said the Malaysian Anti-Corruption Commission (MACC) was investigating " a senior company personality' for land dealings. (NST)

Ramssol Group Bhd’s wholly-owned subsidiary, RAMS Solutions Sdn Bhd inked a strategic partnership with Ramco Systems Sdn Bhd, a wholly-owned subsidiary of India-based Ramco System (Ramco). (TheStar)

Hong Leong Investment Bank Bhd's (HLIB) maintained its "Hold" call on TIME dotCom Bhd's stock after its first quarter ended Mar 31 (Q1) of 2024 matched its expectations. (NST)

Public Investment Bank (PublicInvest) said the concession extension and the change in WCT Holdings Bhd's interest in Segi Astana SB's (SASB) will result in a revaluation gain of approximately RM184 million, or 13 sen per share. (NST)

Hong Leong Investment Bank Bhd (HLIB) which has a "Hold" call on Axiata Group Bhd's stock is positive on the merger of CelcomDigi Bhd for the group over the long term, but see regulatory and economic risks as major concerns. (NST)

Malakoff Corp Bhd's turnaround in the first quarter (Q1) 2024 is expected to continue in its financial year 2024 (FY24) on the back of normalisation of fuel margin impact driven by stabilisation of coal prices. (NST)

Bumi Armada Bhd logged a higher net profit of RM240.54 million in the first quarter ended Mar 31, 2024 (Q1 2024), up 19.67 per cent year-on-year from RM201.01 million in Q1 2023. (NST)

Kinergy Advancement Bhd (KAB) has won an engineering contract valued at RM29.5 million from Mah Sing Group Bhd. (NST)

Hong Leong Bank Bhd is cautiously optimistic over the business outlook and macroeconomics for the remainder of FY24 following the results of its recent quarter, said group managing director and CEO Kevin Lam. (TheStar)

Alliance Bank Malaysia Bhd's financial year was marked by record high bottomline and revenue as the bank continued to grow its business with improvements in both net interest income (NII) and non-interest income (NOII). (TheStar)

MISC Bhd said capex spending in the global upstream sector has remained resilient due to current high oil prices. (TheStar)

HSS Engineers Bhd’s (HEB) wholly owned subsidiary HSS Engineers Sdn Bhd (HSSE) has secured a US$3.2mil (RM15mil) contract Cambodia’s Ministry of Public Works and Transport. (TheStar)

Bumi Armada Bhd's first-quarter results, an improvement over the same quarter last year, are a "solid start", says CEO Gary Christenson, as he said the group will continue to seek out new projects and opportunities. (TheStar)

OSK Holdings Bhd remains optimistic in delivering satisfactory results for the remainder of 2024, bolstered by healthy unbilled sales in the property development division, steady growth in the capital financing business. (TheStar)

HHRG Bhd (KL:HHRG), which was slapped with a RM58.18 million suit by its former executive chairman Ooi Chieng Sim, said it had received the sealed copy of the court’s order pertaining to a Mareva injunction against the group. (TheEdge)

RHB Retail Research said Swift Haulage Bhd (KL:SWIFT) is poised for a technical breakout, after rebounding off the 21-day simple moving average (SMA) line recently and maintaining above it on Wednesday, firming up its 'higher low' bullish pattern. (TheEdge)

RHB Retail Research said SSF Home Group Bhd (KL:SSF) is set to climb upwards after bouncing off the recent breakout level of 29.5 sen on Wednesday, with strong trading volume. (TheEdge)

Mercury Securities Sdn Bhd has a 'subscribe' recommendation for KTI Landmark Bhd at 30 sen, with a fair value price of 36 sen, based on 15 times earnings per share estimated for the financial year ending Dec 31, 2025 (FY2025), in line with comparable peers’ valuations. (TheEdge)

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

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