AirAsia X Bhd (AAX) rose as much as 16 sen or 10.19% to RM1.73 in Monday (July 17) morning trade after The Edge reported that the medium-haul budget airline is ready to make an application to lift itself out of Practice Note 17 (PN17) status this week, ahead of the July 28, 2023 deadline to submit its regularisation plan to Bursa Malaysia. (TheEdge)

Maxis Bhd will spend RM360 million annually to access 5G from Digital Nasional Bhd (DNB) on a wholesale basis. In a filing with Bursa Malaysia Securities on Friday, Maxis said its consolidated earnings and earnings per share (EPS) may be further reduced due to additional interest expense if the operating expenses for the National 5G Wholesale Network Product are funded via bank borrowings. (NST)

Aesthetic medical service provider DC Healthcare Holdings Bhd's share price opened at 40 sen or 60 per cent higher from its reference price of 25 sen, on its debut on the ACE market of Bursa Malaysia Bhd. (NST)

Plytec Holding Bhd has received approval from Bursa Malaysia Securities Bhd to list on the ACE Market of Bursa Malaysia Securities. Its initial public offering (IPO) will comprise of a public issue of 106.06 million new shares, representing 17.50 per cent of its enlarged issued share capital upon listing. (NST)

Bursa Malaysia Bhd has launched the ETF Power Players Incentive Programme 2023, an initiative aimed at bolstering trading value, trading volume, and the number of investors and traders trading exchange-traded funds (ETFs) (TheStar)

Integrated chemical group, Ancom Nylex Bhd, posted a revenue of RM478.3 million and a net profit of RM18.2 million for the fourth quarter (Q4) ended May 31, 2023 (FY23). (NST)

UMW Holdings Bhd posted encouraging automotive sales in June with the registration of 31,222 vehicles as both UMW Toyota Motor Sdn Bhd and associate Perodua continue to deliver its outstanding orders. (NST)

Naza Corp Holdings Sdn Bhd is buying Berjaya Corp Bhd (BCorp)'s waste management business Berjaya Enviro Holdings Sdn Bhd (BEnviro) for RM700 million cash. (NST)

IJM Corporation Bhd's wholly-owned unit, IJM RE Sdn Bhd, has entered in a joint venture agreement with FMM Elmina Sdn Bhd to develop two logistic hubs in Elmina, Shah Alam. (NST)

Delivering its first quarterly financial report ahead of its listing on the Main Market of Bursa Malaysia, MST Golf Group Bhd said it is optimistic about its expansion plans and prospects post-Covid-19. (TheStar)

Pestech International Bhd said its top executives had been discharged and acquitted from all charges against them with immediate effect. (TheEdge)

AEON Credit Service (M) Bhd’s share price rose to an intra-day high of RM12.08 in the morning session on Bursa Malaysia on Monday (July 17), marking its highest point since April, following its equal partnership in a joint venture with Tokyo-listed AEON Financial Service Co Ltd for digital Islamic banking in Malaysia. (TheEdge)

In conjunction with its annual HLB Connect Day to mark the new financial year and reward the Bank’s customers for using its digital banking platforms, Hong Leong Bank ("HLB" or the "Bank") shared its significant annual growth for the Bank’s digital banking platforms, underscoring its commitment to providing customers with digital services and experiences that empower them to stay fully in charge of their lives. (TheEdge)

Source: New Straits Times, The Edge Markets, The Star 17 July 2023

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