Public Bank Bhd and Sunway Integrated Properties Sdn Bhd (Sunway Property) have signed a Memorandum of Understanding (MoU) to collaborate on property financing for green and sustainable development projects. Public Bank managing director (MD) and chief executive officer Tan Sri Dr Tay Ah Lek said the MoU allowed customers who bought green-certified properties for both residential and non-residential properties developed by Sunway Property to enjoy Public Bank's special sustainable financing package. (NST)

Tenaga Nasional Bhd (TNB) has formed a partnership with N.U.R Power Sdn Bhd (NUR Power) to provide smart energy solutions for the latter's customers at Kulim Hi-Tech Park (KHTP) in Kedah. A memorandum of understanding (MoU) was signed to enable the installation of rooftop solar photovoltaic (PV) systems, explore large-scale solar solutions and provide commercial EV and adequate charging ecosystem for all customers in KHTP. (NST)

Axiata Group Bhd and Tenaga Nasional Bhd, through their key subsidiaries, are exploring a partnership for the execution and fulfilment of telco-related services. Celcom Axiata Bhd and TNB's wholly-owned Allo Technology Sdn Bhd signed a Memorandum of Understanding on the prospect of introducing telco-related services focusing on fiberisation, network resiliency, connectivity, information and communications technology, internet of things, 5G and smart solutions. (NST)

Sapura Energy Bhd (SEB) announced that the Corporate Debt Restructuring Committee of Malaysia (CDRC) has accepted its application for assistance to mediate in the debt restructuring negotiations with its Multicurrency Financiers (lenders). In a filing to Bursa Malaysia today, SEB said CDRC, a committee under the purview of Bank Negara Malaysia would mediate in the debt restructuring negotiations with SEB’s lenders. (TheStar)

Capital A Bhd is progressing with plans for the listing of AirAsia Aviation Group Ltd and airasia Super App in New York. Chief executive officer (CEO) Tony Fernandes said the company, formerly known as AirAsia Group Bhd, would probably make the announcement next year. (TheStar)

Destini Bhd has denied that it has been classified as a Practice Note 17 (PN17) company and that it was set to be de-listed on Monday (Sept 5). In a statement, it said any such announcement would be announced according to Bursa’s Main Listing Requirements. (TheEdge)

Bursa Malaysia Bhd has onboarded Maybank Investment Bank Berhad (Maybank IB) as approved supplier and user under the Islamic Securities Selling and Buying – Negotiated Transaction (ISSBNT) Framework. ISSBNT is the world's first shariah-compliant alternative to securities borrowing and lending, which was launched by the exchange in December 2017. (NST)

Malaysia Airports Holdings Bhd's (MAHB) aerotrain replacement programme at the Kuala Lumpur International Airport (KLIA) is scheduled to be completed by March 2025. MAHB managing director Datuk Iskandar Mizal Mahmood said the programme for nine new aerotrains worth some RM700 million would be done in two phases with phase one having already started. (NST)

Malaysian Genomics Resource Centre Bhd (MGRC) is drawing up plans to set up a regional headquarters and establish new partnerships to tap the Middle East/North Africa (MENA) region for its genomics, biopharmaceutical products and services. Executive director Azri Azerai said MGRC's ambitious plans to be a regional leader in the MENA region would also involve strengthening current partnerships namely with Saudi Arabia-based United Doctors Hospital (UDH) and Ajlan & Bros Holding Group. (NST)

KPower Bhd has changed its name to Reneuco Bhd. Bursa Malaysia announced in a statement that the company's securities will be traded and quoted under the new stock short name of RENEUCO with effect from 9am on Sept 6. It added that the company’s stock number remains unchanged. (TheStar)

Majuperak Holdings Bhd has announced that its group CEO cum executive director Nizran Noordin has been given garden leave effective Sept 2, 2022 until the expiry of his service contract on Oct 31, 2022. It said in a filing with Bursa Malaysia its chief financial officer, Syed Agil Syed Hashim, will be appointed acting group CEO to assume the day-to-day management of the group and its subsidiaries. (TheStar)

SLP Resources Bhd expects the domestic segment to contribute about 60% to its financial year 2022 revenue. Group managing director Kelvin Khaw told StarBiz that since early this year, the strong US dollar might affect the buying momentum from overseas. (TheStar)

CGS-CIMB Research expects a weaker earnings outlook for Berjaya Food Bhd (BFood) for its financial year ending June 2023 (FY23) due to margin contraction as it foresees the company's transaction sizes to decline when pent-up demand wanes. This is in addition to higher input cost pressure such as chicken, milk, coffee, creamer and sugar, owing to elevated commodity prices and higher operating expenses due to minimum wage hike to weigh on margins. (NST)

Hong Leong Investment Bank (HLIB) Research has maintained its “hold” rating on Pos Malaysia Bhd at 63.5 sen with an unchanged target price of 61 sen and said that the intense competition in the last-mile delivery space could potentially weigh down on Pos Malaysia's profitability. (TheEdge)

RHB Retail Research said YTL Power International Bhd is set to resume its uptrend movement after managing to reclaim above the 74.5 sen breakout level last Friday (Sept 2). In a trading stocks note on Monday, the research house said that the stock initially broke above that level while printing a “White Marubozu” bullish candlestick last Tuesday, only to retreat below it the following session, before rebounding during Friday’s session. (TheEdge)

RHB Retail Research said Computer Forms (Malaysia) Bhd is set to reclaim its 52-week high after breaking past the RM1.13 immediate resistance on improved trading volume – forming a “higher high” bullish pattern above the 21-day average line. In a trading stocks note on Monday (Sept 5), the research house said if the breakout sustains, the uptrend movement would continue to chart towards the next resistance level of RM1.20, which is the 52-week high. (TheEdge)

Source: New Straits Times, The Edge Markets, The Star 5 Sep 2022

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