AmBank Group has further enhanced its e-KYC capabilities to facilitate fully end-to-end digital account opening through its digital mobile banking platform, AmOnline. Group chief executive officer Datuk Sulaiman Mohd Tahir said that given today's digital-first world, the banking group had made significant advancements by delivering swift and convenient services at the touch of a fingertip. (NST)

SNS Network Technology Bhd (SNS) today signed an underwriting agreement with M&A Securities Sdn Bhd for its initial public offering (IPO) on the Bursa Malaysia ACE Market listing. SNS managing director Ko Yun Hung said the agreement would take the company closer to listing on Bursa Malaysia. (NST)

Unitrade Industries Bhd made its debut on Bursa Malaysia's ACE Market at 26.5 sen, 17.2 percent lower than its initial public offering (IPO) of 32 sen. The debut was affected by the weaker market sentiment following the plunge of global stocks and government bonds that had pushed the US S&P 500 Index into a bear market. (NST)

Affin Hwang Capital has reduced Scientex Bhd's earnings per share (EPS) for financial year 2023 (FY23) to FY24 by between 9.4 percent and 12.3 percent on the back of rising costs of raw materials and surging freight costs. The firm said Scientex's core net profit for the nine-month (9M) period ended April 30, 2022 (FY22), which declined eight percent to RM287.5 million, was within estimates due to historically back-end loaded results. (NST)

Pharmaniaga Bhd wants to expand to the United Kingdom, Turkey and the Middle East and North Africa (MENA) markets in the next two to three years, apart from strengthening its presence in Indonesia in its bid to become a major international biopharmaceutical player. Pharmaniaga group managing director Datuk Zulkarnain Md Eusope said it was in the phase of an aggressive discussion with these countries. (NST)

Bermaz Auto Bhd's (BAuto) financial year ended April 30, 2022 (FY22) net profit of RM155.7 million beats Kenanga Research's forecast and consensus estimates by 30 percent and 17 percent respectively. Kenanga Research said the positive variance from its forecast was due to stronger-than-expected fourth quarter (Q4) sales and margins particularly last-minute complete built-up (CBU) delivery arrival and unexpected strengthening of the ringgit against Japanese yen. (NST)

With the major tourism market of China still mostly sealed off from the rest of the world, AirAsia, the budget carrier of Capital A Bhd, is turning to India to make up the shortfall. (TheEdge)

Rubber processor producer and trader Seng Fong Holdings Bhd, en route to list on the Main Market of Bursa Malaysia on July 7, plans to raise RM68.1 million from its initial public offering (IPO) to part-finance expansion of its annual production capacity by 17% to 166,000 tonnes by 2023 from 142,000 tonnes currently. (TheEdge)

Sapura Energy Bhd and 22 of its wholly-owned subsidiaries have obtained a nine-month extension of the restraining order (RO) from the High Court against their creditors. The companies are to update the court by Sept 28 on the progress of the proposed scheme of arrangement. Judicial Commissioner (JC) Adlin Abdul Majid granted the RO following proceedings conducted last Wednesday afternoon (June 8). (TheEdge)

RHB Retail Research said Allianz Malaysia Bhd is poised to rebound from its support as it bounced off the intraday low on Monday to close in a positive tone above the 21-day average line while keeping the immediate resistance of RM12.90 in its sights. In a trading stocks note on Tuesday (June 14), the research house said if buying interest continues to surpass that level, it is expected to climb further towards RM13.30, followed by RM13.50. (TheEdge)

RHB Retail Research said Tomei Consolidated Bhd is poised to stage a counter-trend rebound as it bounced off the support while attempting to move past the 99.5 sen resistance on Monday. In a trading stocks note on Tuesday (June 14), the research house said if buying interest persists while the stock is moving towards the immediate resistance, it may reclaim the area above the 21-day average line, to head upwards towards the resistance points of RM1.05, followed by RM1.11. (TheEdge)

InNature Bhd is disposing of its entire shareholding in wholly-owned subsidiary Ola Beleza Sdn Bhd to Natura Cosmetics Asia Pacific Pte Ltd (Natura AP) for RM2.04mil. In a filing with Bursa Malaysia, InNature, a regional retailer carrying The Body Shop and Natura brands, said it had entered into a share purchase agreement with Natura AP for the disposal. (TheStar)

Nestcon Bhd has accepted a letter of award to be the principal contractor to undertake the construction and completion of the main building and infrastructure works for RM118.05mil. (TheStar)

Berjaya Food Bhd has proposed a bonus issue of up to 1.56 billion shares on the basis of four bonus shares for every one share held. (TheStar)

Coastal Contracts Bhd has secured a charter contract for a vessel and the extension of an existing charter contract for a liftboat, for a total value of RM252mil. (TheStar)

Bursa has granted Anzo Holdings Bhd a further extension of time until Oct 31 to submit its regularisation plan. (TheStar)

EcoFirst Consolidated Bhd has proposed private placement to raise up to RM22.09mil for working capital purposes. (TheStar)

Source: New Straits Times, The Edge Markets, The Star 14 Jun 2022

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