Sime Darby Bhd's automotive arm Sime Darby Motors has set a record-breaking feat with its delivery of 1,000 cars in 100 days. The special historical moment was celebrated together with the first 1,000 BYD owners in Malaysia at the one-of-a-kind mass delivery event at the Bukit Jalil National Stadium carpark. (NST)

Malaysia Airports Holdings Bhd (MAHB) announced that the issue price of its new ordinary shares, according to the dividend reinvestment plan (DRP), was fixed today at RM6.06 per share. (TheStar)

Tenaga Nasional Bhd (TNB) and its wholly owned subsidiary GSPARX Sdn Bhd have signed a supply agreement for renewable energy (SARE) with AEON Co (M) Bhd for the installation of solar photovoltaic (PV) facilities at all AEON malls and AEON BiG nationwide. (TheEdge)

Automation system maker MMS Ventures Bhd (MMSV) seeks to expand its original design manufacturing (ODM) business amid anticipation of slow sales in the semiconductor segment this year. (TheEdge)

Tomypak Holdings Bhd has accepted an offer for full insurance compensation payment of RM205mil from its lead insurer for material damage resulting from a fire outbreak at its manufacturing plant in Senai, Johor, in December 2021. (TheStar)

FSBM Holdings Bhd says its regularisation plan has been approved by Bursa Malaysia. The regularisation comprises a proposed capital reduction exercise, a shares issuance and a rights issue with free warrants. (NST)

MARC Ratings has downgraded its ratings on Tropicana Corp Bhd's RM1.5 billion sukuk Wakalah and RM2.0 billion perpetual sukuk to AIS and A-IS from A+IS and AIS respectively. The outstanding under the sukuk Wakalah and perpetual sukuk currently stands at RM1.5 billion and RM648.0 million. (NST)

Heng Huat Resources Group Bhd is acquiring six parcels of vacant land, one in Perak and five in Penang, for RM6.32mil. In a filing with Bursa Malaysia, the company said the acquisitions were part of its plan to diversify into property development. (TheStar)

MBSB Bank Bhd has inked a memorandum of understanding with Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) to offer customised financing to MRT Corp’s contractors and vendors involved in its current and future projects. (TheStar)

Automation system maker MMS Ventures Bhd (MMSV) seeks to expand its original design manufacturing (ODM) business amid anticipation of slow sales in the semiconductor segment this year. (TheStar)

Hong Leong Investment Bank (HLIB) Research has valued MN Holdings Bhd (MNHB) at 45 sen and said it is projecting MNHB's FY2023f-25f core net profit to grow at a CAGR (compound annual growth rate) of 16.4%, backed by its order book of RM332.7 million and anticipated sustainable order replenishment. (TheEdge)

Source: New Straits Times, The Edge Markets, The Star 12 Apr 2023

Need a Trading Account?

Open a trading account now for FREE with our selected advertiser to enjoy Free Subscription to MQ Trader!
 

Contact Us

Please do not hesitate to contact us if you have any inquiries:

Facebook: https://www.facebook.com/mqtrader 
Instagram: https://www.instagram.com/mqtrader 
i3messanger: https://messenger.i3investor.com/m/chatmq 
YouTube: https://www.youtube.com/channel/UCq-26SGjlQTVQfO7DoEihlg 
Email: admin@mqtrader.com