Eelectronic manufacturing services provider NationGate Holdings Bhd is offering 290.4 million shares as it heads for a listing on Bursa Malaysia's ACE Market. NationGate's initial public offering (IPO) also comprises a public issue of 435.5 million new shares. NationGate today said it had signed an underwriting agreement with M&A Securities Sdn Bhd for the listing. (NST)

Genting Malaysia Bhd is expected to post a solid fourth quarter (Q4), given the year-end seasonality, Kenanga Research said. This also follows the strong set of Genting Singapore's nine-month FY22 results where core profit jumped 75 per cent quarter-on-quarter (QoQ) to SG$241 million on higher revenue as tourists returned.  Kenanga Research said this made up 72 per cent of the consensus' FY22 forecast. (NST)

Berjaya Food Bhd's (BFood) first quarter ended Sept 30, 2022 (Q1 FY23) core net profit of RM34.7 million accounted for 22 per cent of Hong Leong Investment Bank Bhd (HLIB) and 28 per cent of consensus full-year forecast. The firm said it deemed the results to be within expectations but exceeded consensus. (NST)

Southern Cable Group Bhd’s wholly-owned subsidiary, Southern Cable Sdn Bhd, has received a contract worth RM83.2mil from Sarawak Energy Bhd (SEB) to provide power cables and conductors. (TheStar)

Yinson Holdings Bhd’s core net profits could more-than-double in the next two financial years due to recognition from engineering, procurement, construction, installation and commissioning (EPCIC) jobs. CGS-CIMB Research said investors will likely be rewarded with strong earnings growth over the next 18 months. (TheStar)

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Kossan Rubber Industries Bhd is collaborating with Pantas Software Sdn Bhd to launch its Greening Value Chain (GVC) programme to assist small and medium enterprises (SMEs) within Kossan’s supply chain network to decarbonise their operations. (TheEdge)

Pharmaniaga Bhd said it is working to ensure sufficient supply of the Sinovac Covid-19 vaccine for children, and additional boosters for adults at several private hospitals and clinics across the country. (TheEdge)

Bintai Kinden Corp Bhd’s sub-subsidiary, Johnson Medical International Sdn Bhd (JMI), has made its foray into the telco business via a venture with MN Permai Netcom (MNP). (TheStar)

Astro Malaysia Holdings Bhd (Astro) has launched BIZfibre, a broadband service targeting small and medium-sized enterprises (SMEs) which account for 97% of total business establishments in Malaysia. (TheEdge)

RHB Retail Research said QES Group Bhd is set for an uptrend reversal as it rebounded strongly from the 21-day average line on Thursday (Nov 10), surpassing the previous resistance of 46.5 sen. (TheEdge)

RHB Retail Research said YBS International Bhd is likely to resume its recent uptrend reversal after it bounced off the previous breakout-turned-support of 67 sen on Thursday (Nov 10), forming a “higher low” and “higher high” bullish pattern above the 21-day average line. (TheEdge)

Source: New Straits Times, The Edge Markets, The Star 11 Nov 2022

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