Genting Bhd continues to report headline losses mainly due to the recognition of large impairment and foreign exchange (forex) losses, despite financial year 2022 (FY22) being a recovery year as borders reopen. Hong Leong Investment Bank Bhd (HLIB) believes this had contributed to Genting's share price underperformance. (NST)

Kuala Lumpur Kepong Bhd (KL Kepong) is expected to stay on track with its continuous focus on oleochemicals specialty after the acquisition of Temix Oleo, an Italian-based specialist oleochemical player, said Kenanga Research. (NST)

AEON Credit Service (M) Bhd’s earnings prospects appear robust for the new financial year, with growth expected to be driven by personal financing and vehicle financing. The follows a solid performance by the financial services group for its financial year ended Feb 28, 2023 (FY23). (TheStar)

MyEg Services Bhd (MyEG) was the most actively traded counter on the local bourse at the time of writing on Thursday (April 13), after announcing that it had won a tender from Penang Development Corp to set up a workers village at the Batu Kawan Industrial Park 3 in Seberang Perai.

Coraza Integrated Technology Bhd’s proposed private placement will help fund its growth from 2024, says UOB Kay Hian (UOBKH) Research. Coraza’s multi-pronged strategy seeks to have a strategic portfolio exposure, aggressive capacity expansion and grow relevance in its customers’ high-margin products. (TheStar)

Former Bank Rakyat chief executive officer (CEO) Datuk Syed Abdul Aziz Syed Hassan has been appointed as group deputy chairman of TWL Holdings Bhd. In a statement on Thursday (April 13), the real estate developer said Syed Abdul Aziz will replace Shirley Tan Lee Chin, who is being redesignated as TWL managing director. (TheEdge)

Source: New Straits Times, The Edge Markets, The Star 13 Apr 2023

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