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KUALA LUMPUR: Companies that may see increased trading interest include AirAsia X, Malayan United Industries, HPP, Globaltec, Global Oriental, Minho, Pantech, Maybank, Reneuco annd TNB, said Apex Securities.
Bursa Malaysia has rejected AirAsia X Bhd’s (AAX) application for proposed relief and Practice Note 17 (PN17) upliftment.
Malayan United Industries Bhd (MUI Group) has signed a partnership agreement with local data technology provider Fusionex Group to launch a Metrojaya online marketplace that is set to go live in early December.
Packaging services provider HPP Holdings Bhd saw its net profit fall by 46.5% year-on-year for the first quarter ended Aug 31, 2023 (1QFY2024) amid lower sales in the corrugated and non-corrugated packaging segments as well as the rigid box segment.
Globaltec Formation Bhd’s 65%-owned Australian-listed subsidiary NuEnergy Gas Ltd has secured the environmental permit from Indonesia for the Tanjung Enim production sharing contract (PSC) in South Sumatra
Global Oriental Bhd, whose revenue is mainly derived from property development, is acquiring a 55% stake in a car park management firm to expand its earnings base.
Timber manufacturer Minho (M) Bhd said it is acquiring a 7.84-hectare piece of freehold land in an industrial area in Kuala Selangor for RM18.41 million.
Pantech Group Holdings Bhd’s net profit fell 8.32% to RM28.42 million for the second quarter ended Aug 31, 2023, from RM31 million the year before, on a weaker manufacturing segment due to moderating exports.
Permodalan Nasional Bhd (PNB) has exercised its put option to dispose of all Maybank Asset Management Group Bhd (MAMG) shares held by the fund to Malayan Banking Bhd for a cash consideration of RM70.39 million in a related party transaction.
Reneuco Bhd has signed a Memorandum of Understanding with the Petaling Jaya City Council (MBPJ) for rooftop solar photovoltaic installation at Pusat Inovasi MBPJ in Taman Sains Selangor.
Tenaga Nasional Bhd (TNB) is collaborating with Siemens Energy to speed up the decarbonisation of its thermal power plants, utilising green hydrogen produced from renewable energy (RE) resources.
