MClean Technologies Bhd has obtained approval from Bursa Malaysia Securities Bhd for the listing of up to 49.3 million placement shares to be issued under its proposed private placement. (NST)

Bumi Armada Bhd (KL:ARMADA) said on Thursday that it has signed a non-binding agreement to explore a potential merger with state-owned MISC Bhd (KL:MISC). (TheEdge)

CIMB Securities Sdn Bhd has reduced its earnings projections for Malaysia Marine and Heavy Engineering Holdings Bhd (MMHE) by 16.4 per cent and 25.4 per cent for financial years 2025 (FY25) and FY26 respectively due to slower-than-expected job replenishment. (NST)

Shares of Johor Plantations Group Bhd (KL:JPG) rebounded on Thursday, as stronger-than-expected results lifted investors’ mood, while analysts anticipate further improvements with rising palm oil prices. (TheEdge)

Shares of VSTECS Bhd (KL:VSTECS) rose on Thursday after the electronics products distributor reported a surge in quarterly net profit on the back of record-high revenue. (TheEdge)

Wasco Bhd, an integrated energy group, has launched Asean's first Sustainable & Transition Finance Framework and completed its inaugural sustainability-linked loan of US$25mil under the framework. (TheStar)

Shares of Swift Haulage Bhd (KL:SWIFT) fell to their 13-month low on Thursday, after the logistics firm reported weaker-than-expected results. (TheEdge)

Pan Malaysia Corp Bhd (KL:PMCORP) disclosed that its audited net loss for the year ended June 30, 2024 (FY2024) was larger than previously reported in the unaudited statement. (TheEdge)

Sime Darby Property Bhd is likely to post stronger earnings in the third quarter of financial year 2024 (3QFY24) on accelerated progress billings and higher profit margins, according to CGS International. (NST)

Spritzer Bhd’s resilient business and dominant market position is likely undervalued by the market as its stock is trading at a 30% discount to the industry average, says RHB Research. (TheStar)

IOI Corporation Bhd (KL:IOICORP) is expected to post a core net profit of between RM280 million and RM320 million for 1QFY2025, up from RM242 million in 4QFY2024, said CIMB Securities. (TheEdge)

Dayang Enterprise Holdings Bhd's orderbook is now valued at RM5.4 billion following the award of two pan-Malaysia services contracts from Petronas Carigali Sdn Bhd, said Public Investment Bank Bhd (PublicInvest). (NST)

Source: New Straits Times, The Edge Markets, The Star 14 November 2024

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