Datasonic Group Bhd has entered into a Memorandum of Understanding (MoU) with Meta Doers World Holding Bhd to explore the vast business opportunities related to Metaverse, focusing on education and healthcare industries. Executive chairman Datuk Abu Hanifah Noordin said that with online learning becoming increasingly popular, especially after the pandemic, the education sector is exploring integrating immersive technologies to transform the learning environment into something more interactive, creative and entertaining. (NST)

SNS Network Technology Bhd has launched a special device deal for students who are increasingly learning in online classrooms and need the tools to facilitate access to online learning. SNS managing director Ko Yun Hung said the special deal is the perfect tool for online classroom learning or hybrid learning, given that the government launched the Hybrid Classrooms Pioneer Project. (NST)

Sersol Bhd has partnered with Thailand energy giant and electric vehicle (EV) motorbike specialist Takuni Group PCL to anchor business growth plans within Malaysia, Indonesia and Thailand. The joint venture was inked in Bangkok, announcing Sersol's investment portfolio diversification to incorporate a Malaysian entity to handle the manufacturing, marketing and distribution of EV motorbike batteries, EV batteries and charging platforms throughout the region. (NST)

Pecca Group Bhd will venture into Indonesia by acquiring an established upholstery leather wrapping and car seat cover manufacturer, PT Gemilang Maju Kencana (GMK). Pecca had announced its intention to acquire an 80 per cent stake in GMK, a company associated with Indonesia's MPI Group of Companies. Post-acquisition, Pecca said GMK also seeks to secure business and marketing support from MPI's founder Lim See Poh to expand its presence in Indonesia. (NST)

Frontken Corp Bhd's net profit for the third quarter ended Sept 30, 2022 (3QFY2022) rose 27% year-on-year to RM34.73 million from RM27.30 million, as a result of improved revenue and better profit margins. In a bourse filing on Tuesday (Nov 1), the company said revenue for the quarter jumped to RM134.57 million, from RM116.59 million previously, mainly due to better contributions from nearly all its subsidiaries. (TheEdge)

Telekom Malaysia Bhd has launched the first phase of its 5G services, offering unlimited 5G data to existing Unifi Mobile postpaid customers as well as new postpaid and prepaid customers. TM group CEO Imri Mokhtar said 5G will reinfoce the telco's leadership in fixed-mbile converged serices for its consumer and MSME segments. (TheStar)

SKB Shutters Corporation Bhd has acquired 3.97 hectares of industrial land in Eco Business Park V (EBP V) for RM36 million to set up its new manufacturing facility. The EBP V is Eco World Development Group Bhd's (EcoWorld) largest green industrial park with a gross development value of RM2.85 billion. SKB Shutters managing director Michelle Sin said the company chose to expand its business in EBP V for its progressive infrastructure and excellent portfolio of clients. (NST)

Axiata Group Bhd's fintech arm, Boost, has launched its integration with the world's largest mobile gaming platform, Google Play. The new seamless and secure in-app transaction, made possible through Boost, will pave the way for users to instantaneously purchase credits both on the Google Play Store and within the respective gaming and streaming apps, even as users run out of credits mid-game and mid-stream. (NST)

Serba Dinamik Holdings Bhd has applied for an extension of time up to Jan 31, 2023 to issue its two annual reports for the financial year ended June 30, 2022 (FY22). The group was required to issue the report to Bursa Malaysia Securities and shareholders within four months from the close of the financial year, which falls on Monday (Oct 31). (TheEdge)

Heng Huat Resources Group Bhd’s independent adviser BDO Capital Consultants Sdn Bhd (BDOCC) says the 37.71 sen per share and 29.71 sen per warrant takeover offer tabled by GH Consortium Sdn Bhd is “not fair but reasonable”. BDOCC and independent directors of Heng Huat have, however, recommended shareholders accept the takeover offer, the company’ said in a filing with Bursa Malaysia yesterday. (TheStar)

The securities of Mobilia Holdings Bhd will be transferred from the ACE Market of Bursa Malaysia to the Main Market effective 9am on Thursday, Nov 3, 2022. According to Bursa Securities, the securities of the wood furniture manufacturer will come under the consumer products and services sector. (TheStar)

Infomina Bhd, a regional technology solutions provider that is en route to a listing on Bursa Malaysia’s ACE Market on Nov 25, aims to raise RM32.47 million from its initial public offering (IPO). Managing director Yee Chee Meng said of the total proceeds, the company plans to allocate RM13.96 million (43 per cent) for working capital and RM7.6 million (23.4 per cent) to strengthen research and development capabilities. (TheStar)

Shares in Shin Yang Shipping Corp Bhd rose as much as 13.33% or 10 sen to 85 sen in the morning trading session, on renewed interest in the stock amid resumption of dividend payouts after 10 years. At 11.52am, shares in the Sarawak-based shipbuilder and operator were still up seven sen or 9.33% at 82 sen each. Trading volume stood at 20.79 million shares, more than double the 60-day average volume of 7.41 million shares. (TheEdge)

Hong Leong Investment Bank Bhd (HLIB Research) sees a potential trading opportunity on Bursa Malaysia, given the upcoming polls on November 19. The bank-backed research firm said the average daily trading value (ADTV) for the exchange surged 54.5 per cent and 52.4 per cent over the one month after the 13th and 14th General Elections in 2013 and 2018, respectively. (NST)

Shares in KNM Group Bhd slumped 17.65% in the mid-morning on Tuesday (Nov 1), after the company became an affected listed issuer under the Practice Note 17 (PN17).  At 10.15am, KNM had fallen 1.5 sen to seven sen, with 22.21 million shares traded. (TheEdge)

RHB Retail Research said Nestcon Bhd is eyeing to rebound above the sideways consolidation phase as it gradually inched higher recently to draw the candlestick above the 21-day average line – heading towards the 44.5 sen nearest resistance. In a trading stocks note today, the research house said that coupled with the “higher low” bullish pattern above the average line, the surging trading volume yesterday may signal strong buying interest following through in the coming sessions. (TheEdge)

Source: New Straits Times, The Edge Markets, The Star 1 Nov 2022

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