Revenue Group Bhd’s share price dipped by 12% in active trade early on Thursday (Jan 5), after the group suspended two-co founding executive directors pending investigations into complaints. (TheEdge)

The public portion of electronics manufacturing services provider NationGate Holdings Bhd’s initial public offering (IPO) has been oversubscribed 16.49 times.The ACE Market-bound company said there was a total of 20,444 applications for 1.81 billion new shares valued at RM689.16mil received from the Malaysian public. (TheStar)

The revised unit price for gas sweetening services, which is a process of removing hydrogen sulfides, carbon dioxide, and mercaptans from natural gas, is expected to bring in higher recurring income for Coastal Contracts Bhd, according to RHB Research. The research house said the revised unit price would also help strengthen Coastal Contracts' position in Mexico. (NST)

RHB Investment Bank Research has upgraded Public Bank Bhd to “buy” at RM4.28 with an unchanged target price (TP) of RM5 and raised its net profit forecast for the group by 3% for FY2022 and 4% for FY2023-24 on assumptions of lower credit cost, better NIMs, and slightly higher non-interest income. (TheEdge)

Source: New Straits Times, The Edge Markets, The Star 05 Jan 2023

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