ACE Market-bound Oppstar Bhd launched its prospectus on Wednesday (Feb 22), with an initial public offering (IPO) price of 63 sen, implying a market capitalisation of RM400.81 million upon its tentative listing on March 15.  (TheEdge)

Sunway Construction Group Bhd's (SunCon) net profit rose 20 per cent to RM135.18 million in the financial year ended Dec 31, 2022 (FY2022) from RM112.59 million in the previous year, underpinned by better performance from all segments. The construction firm's revenue climbed 24.86 per cent to RM2.16 billion from RM1.73 billion previously. (NST)

Eastern & Oriental Bhd (E&O), which is seeing a strong earnings recovery, is optimistic over the prospects of its property and hospitality segments. (TheStar)

Media Prima Bhd is embarking on initiatives over the next three years to create sustainable long-term value for its stakeholders by leveraging its competitive advantages in data-driven technology and talents across its media platforms. (TheStar)

Pertama Digital Bhd (PDB) proposes the government implement policies that reduce the cost of living, such as providing tax incentives to companies that offer affordable products and services. (NST)

Wellspire Holdings Bhd has renewed its distributor supplementary agreement with QiaQia Food Co, Ltd. (TheEdge)

Tune Protect Group Bhd, fresh off its first profitable quarter since 3Q21, says it is poised to capitalise on the expected travel recovery in the region. (TheStar)

CGS-CIMB Research expects Bonia Corporation Bhd to record solid earnings momentum in the second half (2H) of the financial year 2023 (FY23) despite high inflationary pressures. The research firm said this would be driven by the company's strong brand equity, given product launches, effective marketing campaigns and a growing loyal customer base. (NST)

Hong Leong Investment Bank (HLIB) Research has maintained its “buy” rating on MBM Resources Bhd (MBMR) at RM3.90 with a higher target price (TP) of RM5.50 (from RM5) and said MBMR reported a stellar core PATMI of RM238.4 million for FY2022, following strong group sales volume and an improved cost structure. (TheEdge)

Hong Leong Investment Bank Bhd (HLIB Research) deems DRB-Hicom Bhd's net profit of RM0.1 million for the fourth quarter (Q4) of 2022 and RM254.3 million for the full year to be below expectations. (TheStar)

Maybank Investment Bank Bhd (IB) expects Boustead Plantations Bhd's core earnings for the financial year 2023 (FY23) to be 72 per cent lower as it cuts its FY23 and FY24 earnings forecasts for the company by 56 per cent and 31 per cent, respectively. (TheStar)

UEM Sunrise Bhd has unveiled a new residential product series, Happy+, which differentiates its offerings into five categories — Kasih Series, Rise Series, Nest Series, Club Edition and Luxe Collection. (TheEdge)

LBS Bina Group Bhd's fourth quarter (Q4) 2022 net profit of RM25.6 million is in line with Public Investment Bank Bhd's (PublicInvest) and consensus full-year estimates. (NST)

Shares in AirAsia X Bhd surged 5.5 sen or 8.08% to 73.5 sen a share at the start of Wednesday trading following a positive earnings performance in its recent quarter. (TheStar)

Source: New Straits Times, The Edge Markets, The Star 22 Feb 2023

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