Yinson Holdings Bhd (YINSON) has secured a US$416 million contract with Murphy Oil Corp's unit in Vietnam for a floating storage and offloading (FSO) vessel through its joint venture with PetroVietnam Technical Service Corp (PTSC). This contract includes the provision, charter, operation, and maintenance of the FSO vessel for the Lac Da Vang project.

Sime Darby Property Bhd (SIMEPROP) has entered a 20-year lease agreement with Pearl Computing Malaysia Sdn Bhd to develop data centre facilities, valued at RM5.6 billion, starting in 2027.

Xin Hwa Holdings Bhd (XINHWA) announced a shortened suspension of its subsidiary's goods vehicle operator licence to Jan 12, 2025, leading to a drop in its share price despite the positive news.

T7 Global Bhd (T7GLOBAL) has won a contract from Jadestone Energy for maintenance and construction services.

CIMB Securities has raised profit forecasts for Petronas Dagangan Bhd (PETDAG) due to expected increases in jet fuel sales.

Wasco Bhd (WASCO) anticipates stronger contract wins by late 2024.

Velesto Energy Bhd (VELESTO) faces earnings forecast cuts despite a year-on-year earnings increase.

Top Glove Corp Bhd (TOPGLOV) is expected to return to profitability amid various influencing factors.

YTL Power International Bhd (YTLPOWR) is focused on its data centre capacity growth, facing GPU supply challenges.

MBM Resources Bhd (MBMR) offers attractive dividend yields post-dividend declaration.

Public Bank Bhd (PBBANK) shares rose after positive third-quarter results, with expectations of further loan loss provision write-backs.

CIMB Securities has lowered profit forecasts for Padini Holdings Bhd (PADINI) following a weak first quarter.

Analysts are cautiously optimistic about Genting Plantations Bhd (GENP) amid a challenging business environment.

Genetec Technology Bhd (GENETEC) has a mixed outlook despite potential benefits from regulatory changes in self-driving technology and the EV sector.

Source: New Straits Times, The Edge Markets, The Star 2 December 2024

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