Public Bank Bhd's net profit grew 8.2 per cent to RM6.12 billion in 2022, after taking into account the one-off impact of prosperity tax. The bank's pre-tax profit of RM8.83 billion crossed the RM8 billion mark for the first time, representing a growth of 19.9 per cent from RM7.37 billion posted in 2021. (NST)

The Malaysian multinational low-cost airline AirAsia has launched three new routes from Kuala Lumpur to southern Chinese cities, Quanzhou, Guilin and Chengdu (Tianfu). (TheStar)

Kenanga Research has maintained its “outperform” call on NationGate Holdings Bhd at RM1.24 a share, with an unchanged target price (TP) of RM1.50 based on 23 times price-earnings ratio for the financial year ending Dec 31, 2024, representing a 30% premium to peers’ forward mean. (TheEdge)

Kenanga Research continued optimism on the future of Genting Bhd backed by the reopening of China's early this year and the opening of international borders. (NST)

Globetronics Technology Bhd is poised to introduce a new generation of light and gesture sensors for mass production this year, says group chief executive officer Heng Charng Yee. (TheStar)

The Eversendai Group has secured nine new projects worth a total of RM1.1 billion in the United Arab Emirates, Qatar, Saudi Arabia, India, and Singapore. (NST)

Paper tycoon Oei Tjie Goan has emerged as a substantial shareholder in NTPM Holdings Bhd with 22.42%. NTPM filing showed that Oei, who is president and chairman of Indonesia’s Sinar Mas Group, bought 251.76 million shares in the company via Premier Investment Ltd. (TheEdge)

Cahya Mata Sarawak Bhd (CMSB) said a possible contingent liability of RM266 million could be reflected in its FY2022 audited financial statements if the power purchase agreement (PPA) between its unit Cahya Mata Phosphates Industries Sdn Bhd (CMPI) and Syarikat SESCO Bhd is deemed terminated. (TheEdge)

Visdynamics Holdings Bhd was among the top 10 gainers on Bursa Malaysia and surged 18.26% to a high of 68 sen in the morning trade on Monday (May 15), after the automated test equipment manufacturer set the exercise price of its bonus issue plan at 50 sen per warrant. (TheEdge)

Source: New Straits Times, The Edge Markets, The Star 15 May 2023

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