Shares in AirAsia X Bhd rallied past the RM2 mark amid heavy trade on Thursday (July 27) morning, after its passenger load factor for the second quarter of 2023 (2Q2023) jumped 47% year-on-year (y-o-y), while seat capacity swelled over 26 times to 818,422 seats flown. (TheEdge)

ACE Market-bound geotechnical instrumentation and testing specialist Glostrext Bhd expects to raise RM20.1 million under its listing exercise. (TheEdge)

Tanco Holdings Bhd’s unit has secured a contract for the construction of a Rumah Selangorku project from Win Global Builder Sdn Bhd (WGBSB) for RM82.76 million. (TheEdge)

Pharmaniaga Bhd expects to have a clear plan to get operations back to  "normal" by year end. Executive committee chairman Ahmad Shahredzuan Mohd Shariff said the company will come up with a regularisation plan in the third quarter this year and is progressing well. (NST)

Civil engineering specialist Sarawak Consolidated Industries Bhd (SCIB) has filed a lawsuit against Dynamic Prestige Consultancy Sdn Bhd and is seeking RM14 million in refunds previously paid to “explore business opportunities in the engineering, procurement, construction and commissioning (EPCC) sector”. (TheEdge)

Alliance Bank Malaysia Bhd aims to achieve eight to ten per cent loan growth for the financial year ending March 31, 2024 (FY2024), driven by small and medium enterprise (SME) and commercial business sectors. (NST)

Hong Leong Investment Bank (HLIB) Research is mildly positive over Dayang Enterprise Holdings Bhd's recent extension of its contract for the provision of maintenance, construction and modification (MCM) works from JX Nippon. (TheStar)

Unisem (M) Bhd said it is expecting a muted performance over the coming term as the macroeconomic environment remains challenging for the semiconductor services provider. (TheStar)

Nestle (Malaysia) Bhd maintained positive momentum over the second quarter of its financial year (2QFY23) despite a weakened ringgit and volatility in the commodity and energy markets. (TheStar)

YBS International Bhd has entered into a manufacturing agreement with New York-listed Enovix Corp to be the non-exclusive supplier of Enovix in Asia for the manufacture of lithium-ion batteries. (TheStar)

Westports Holdings Bhd's net profit for the second quarter ended June 30, 2023 (2Q FY2023) rose to RM194.76 million from RM162.29 million a year ago, attributed to the reduction in fuel cost. (TheStar)

Sersol Bhd has received an extraordinary general meeting (EGM) requisition from its shareholders to remove its chairman and two of its directors, while replacing them with three new candidates. (TheEdge)

Datasonic Group Bhd has named Tengku Datuk Abu Bakar Ahmad Tengku Abdullah as its executive chairman, effective Wednesday (July 26). (TheEdge)

Pecca Group Bhd’s unit, Pecca Aviation Services Sdn Bhd, has inked a memorandum of understanding with France-based Aero Cabin Solutions SAS (ACS) to explore opportunities in the aircraft interiors market in the Asia-Pacific. (TheEdge)

Malaysia Building Society Bhd (MBSB) has received shareholders’ approval to buy Malaysian Industrial Development Finance Berhad (MIDF) from Permodalan Nasional Bhd (PNB) for RM1.01 billion that will be satisfied via the issuance of 1.05 billion MBSB shares at 96.52 sen per share. (TheEdge)

Source: New Straits Times, The Edge Markets, The Star 27 July 2023

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