Hibiscus Petroleum Bhd’s 11.68%-owned associate 3D Oil Ltd is farming out 80% interest and operatorship in an exploration permit offshore Australia to ConocoPhillips Australia for US$3 million (about RM13.24 million) upfront and well costs of US$35 million. 3D Oil, listed in Australia, has inked the farmout agreement (FOA) with ConocoPhillips Australia SH2 Pty Ltd, according to a filing with the Australian Stock Exchange. The exploration permit is the VIC/P79 in the Otway Basin, the filing said. (TheEdge)

Mah Sing Group Bhd has launched its own homeownership campaign, dubbed "H.O.M.E" (Home Ownership Made Easy). Running from July 1 until Sept 30, the campaign aims to address homebuyers’ main concerns of saving up for a down payment, qualifying for a loan, and paying monthly housing instalments. (TheEdge)

Sime Darby Bhd is selling Weifang Port companies for RM1.27 billion, marking its full exit from the non-core ports business. Sime Darby today said its subsidiary Sime Darby Overseas (HK) Ltd (SDOHK), had entered into share sale agreements with SPG Bohaiwan Port Group Company Ltd to divest its Weifang Port companies. (NST)

Gamuda Bhd's contract award from Pengurusan Air Selangor valued at RM1.97bil is expected to provide even greater earnings visibility to the construction player over the next three years, said MIDF Research. According to the research firm, the contract gives an added boost to the group's outstanding orderbook, which had already provided earnings visibility until FY26. (TheStar)

KPJ Healthcare Bhd is divesting its operations in Australia and Indonesia in the next 12 to 24 months as part of its rationalisation plan to boost growth post-Covid-19, president and managing director Datuk Mohd Shukrie Mohd Salleh said. Overall, the private healthcare group owns six operations overseas including one loss-making Jeta Gardens, an aged care centre and retirement village in Queensland, Australia and two hospitals in Indonesia. (NST)

RHB Retail Research said Nylex (Malaysia) Bhd is set to resume its recent counter-trend rebound as it inched higher to breach the 30 sen mark last Friday (July 1) with strong trading volume ⁠— also printing a “White Marubozu” bullish candlestick. (TheEdge)

RHB Retail Research said Kumpulan Fima Bhd is set for a technical rebound as it rose strongly to breach the RM2.60 resistance last Friday with solid trading volume — forming a “higher high” bullish pattern above the 21-day average line. In a trading stocks note on Monday (July 4), the research house said that as it printed a “White Marubozu” bullish candlestick during the latest session, the stock is expected to jump further towards the RM2.74 resistance, or June 7’s high, followed by RM2.86, or June 10’s high. (TheEdge)

Amlex Holdings Bhd's share price hit limit up in morning trade and emerged as the top gainer on the local bourse on Monday (July 4). At noon break, the stock had risen as much as 30 sen or 81.08% to 67 sen albeit with a low trading volume, valuing the company at RM179.64 million. (TheEdge)

Source: New Straits Times, The Edge Markets, The Star  04 Jul 2022

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