Malaysia Airports Holdings Bhd (MAHB) recorded a more than six-fold increase in the first half of 2022 (1H22) in total passenger movements for its Malaysia operations. In the period, MAHB registered a total of 20.25 million passengers through its network of airports nationwide, supported by the active resumption of foreign carriers and international routes that contributed to the encouraging performance. (NST)

UCrest Bhd and Malaysian Genomics Resources Centre Bhd (MGRC) today signed a collaborative agreement to integrate genomic testing services into the digital health platform, iMedic, elevating healthcare services to the next level. Under this agreement, a virtual genome service centre will be developed on the iMedic platform, enabling the genomic testing services of MGRC to be made available to hospitals and clinics (B2B), widening its market access not just in Malaysia but globally. (NST)

Alliance Bank Malaysia Bhd's collections from customers, including those who received loan repayment assistance, have exceeded the firm's expectations despite the expiry of the loan relief programmes. RHB Research said that given further policy rate hikes, the firm said Alliance Bank would offer loan restructuring packages to certain customers if necessary. (NST)

TRC Synergy Bhd is expected to be a key beneficiary of the upcoming Mass Rapid Transit 3 (MRT3) project due to its high Bumi ownership, extensive track record in mega railway projects spanning stations, viaducts and depots, and healthy balance sheet (net cash). Hong Leong Investment Bank Bhd (HLIB Research) said that in the past, TRC Synergy secured bumper contracts worth RM1.32 billion and RM846.5 million from MRT Putrajaya and MRT Kajang lines, respectively. (NST)

Solarvest Bhd is exploring a collaboration with NCT Land Sdn Bhd to develop 1,000 units of solar ready factories and warehouses at the Selangor Smart Industrial Park. The solar energy solutions provider said in a filing with Bursa Malaysia the partnership will help to reduce the industrial and commercial carbon footprint. (TheStar)

Genting Malaysia Bhd's (GenM) unit Genting New York LLC (GenNY) ranked fourth among top spending lobbying entities in the state of New York last year, with US$1.898 million forked out for the practice, according to the state's Joint Commission on Public Ethics (JCOPE). According to JCOPE's 2021 annual report, GenNY's lobbying focused on gaming and was among the many filers who were involved in the state's third most lobbied bill in 2021 — the New York Senate Bill S2509 (the budget bill). (TheEdge)

Petronas Gas Bhd's (PetGas) 100%-owned subsidiary Regas Terminal (Sg Udang) Sdn Bhd (RGTSUSB) is seeking expressions of interest (EOIs) from shipping licensees for regasification capacity at RGTSUSB's Melaka regasification facility, to gauge potential demand in 2023 for regasification, which converts liquefied natural gas to natural gas. RGTSUSB's Melaka regasification facility is known as the Regasification Terminal Sungai Udang (RGTSU), which has a storage capacity 260,000 m3 of natural gas. (TheEdge)

7-Eleven Malaysia Holdings Bhd's (SEM) potential divestment of its pharmacy chain Caring Pharmacy Group Bhd is seen as positive as it allows SEM to focus on growing its convenience store business and strengthen its financial profile. CGS-CIMB Research, in a report, said the estimated potential disposal could lift SEM's FY23-24 earnings-per-share (EPS) by 33-36 per cent, assuming the company receives cash proceeds of RM1.3 billion, and pares down its debt entirely, which could potentially gain interest cost savings of RM43 million per year. (NST)

There is an attractive valuation for Tomei Consolidated Bhd due to the company's resilience, which has enabled it to generate annual profits throughout the epidemic. In a note, Mercury Securities Sdn Bhd said that the well-established jewellery retailer should trade at a premium because the company's downsizing initiative has led to a decent rise in profit before tax (PBT). (NST)

FGV Holdings Bhd has appointed Azmi Yaakop as its new group chief strategic communication officer, effective from July 15, 2022. Group chief executive officer Nazrul Izam Mansor said FGV is pleased to welcome Azmi Yaakop to the company. (NST)

CGS-CIMB Research sees possibility of a 22 sen per share special dividend from the sale of Affin Bank Bhd’s 63% stake in its asset management unit Affin Hwang Asset Management (AHAM). The bank expects the proposed disposal of its stake in AHAM — to be completed by end July 2022 — to increase its common equity Tier-1 (CET1) capital ratio from 13.9% at end-March 2022 to circa 16%, said CGS-CIMB in a research note on Tuesday (July 19). (TheEdge)

JPMorgan analyst Jeffrey Ng raised the recommendation on IOI Corp Bhd to "overweight" from "neutral". Target price (TP) set to RM5, implying a 28% increase from the previous price. (TheEdge)

Shares in Hibiscus Petroleum Bhd rose 3.57% in active trade after the company said it is committed to resolving the state sales tax issues with the Sabah authorities in an amicable and collaborative manner, and will ensure minimal disruptions to its operations in the state. At 9.18am, Hibiscus added three sen to 87 sen with 6.01 million shares done. (TheEdge)

RHB Retail Research said Duopharma Biotech Bhd is set for an upward rebound as it broke above the RM1.25 resistance on stronger volume on Tuesday (July 19) – forming a “higher high” bullish pattern. In a trading stocks note on Wednesday, the research house said if the bullish momentum persists, the stock may climb further towards the next resistance of RM1.35 – or the high of June 13 – before heading towards RM1.43, or the high of June 15. (TheEdge)

RHB Retail Research said CIMB Group Holdings Bhd is poised to trend upwards, as it rebounded on Tuesday (July 19) from the recent pullback — firming up its “higher low” bullish structure. In a trading stocks note on Wednesday, the research house said if the stock breaches the immediate resistance of RM5.14 — thereby forming a “higher high” bullish pattern — the bullish bias may propel the stock towards the resistance of RM5.30 (or the high of April 14), followed by the RM5.40 or May 5’s high. (TheEdge)

Source: New Straits Times, The Edge Markets, The Star 20 Jul 2022

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