Tenaga Nasional Bhd (TNB) is anticipated to record a higher first quarter of the financial year 2023 (1QFY23), along with an improved balance sheet and cash flow situation, as the utility company is predicted to normalise its earnings. (NST)

Bursa Malaysia Bhd's net profit dropped 17.4 per cent to RM56.17 million in the first quarter (Q1) ended March 31, 2023 from RM67.97 million a year ago. (NST)

Frontken Corp Bhd net profit for the first quarter (1Q) ended March 31, 2023 fell 11% year-on-year (y-o-y) to RM23.58 million from RM26.52 million previously as its subsidiaries in Taiwan and Singapore recorded a slightly lower revenue. (TheEdge)

Bahvest Resources Bhd, whose minority shareholders are seeking to remove three directors including its founder and largest shareholder Datuk Lo Fui Ming, has been slapped with a claim of RM20.4 million in relation with operations at its gold mining lease land. (TheEdge)

Chery Automobile Co Ltd has appointed Sime Darby Bhd’s subsidiary, Inokom Corp Sdn Bhd, as its local assembler for Chery vehicles in Malaysia. (TheEdge)

Sapura Energy Bhd has filed an appeal to the High Court over the Sessions Court’s decision last month, which allowed Economy Minister Mohd Rafizi Ramli to obtain documents related to the remuneration and incentive package paid by the company to its former chief executive officer Tan Sri Shahril Samsuddin. (TheEdge)

Source: New Straits Times, The Edge Markets, The Star 04 May 2023

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