Cypark Resources Bhd says it is committed to its solar projects in Kelantan and Terengganu and has sufficient funds to deliver the projects. (NST)

Zantat Holdings Bhd aims to raise RM14mil from its initial public offering (IPO) en route to a listing on the ACE Market of Bursa Malaysia on March 27, 2024. (TheStar)

Prolintas Infra Business Trust on Wednesday began taking orders from investors for an initial public offering (IPO) that will gross RM445.3 million and is set for the country's first listing of a business trust. (TheEdge)

Australia & New Zealand Banking Group Ltd (ANZ) said on Wednesday it has agreed to sell a 16.5% stake in Malaysia’s sixth largest lender by assets AMMB Holdings Bhd, in a block trade worth over RM2.1 billion. (TheEdge)

S P Setia Bhd’s Irama Villa IV in Bandar Kinrara, Puchong, Selangor, has achieved a take-up rate of 95% since its launch on March 3. (TheStar)

Sunway Construction Group Bhd is targeting RM2.7 billion-RM3.0 billion in new contract wins for 2024, while tendering for RM26 billion of projects, said Affin Hwang Capital. (NST)

RHB Retail Research said Frontken Corporation Bhd is poised for a technical breakout after bouncing off the 21-day simple moving average line and testing the RM3.80 level on Tuesday on strong volume. (TheEdge)

RHB Retail Research said OpenSys Bhd is eyeing to extend the upside movement after testing the 38 sen immediate resistance on Tuesday on strong volume — it is the stock’s fifth time hitting the resistance level since August 2023. (TheEdge)

Mercury Securities maintained its “buy” rating for Pentamaster Corp Bhd at RM4.20, with a target price (TP) of RM5.53, based on earnings per share of 16.7 sen forecast for the financial year ending Dec 31, 2024, and a price-earnings ratio of 33 times. (TheEdge)

Rakuten Trade has a "buy" rating on PA Resources Bhd at 35 sen with a target price of 41 sen and said the company is well-positioned for multi-year earnings growth. (TheEdge)

RHB Investment Bank (RHB IB) Research has maintained its “overweight” rating on the healthcare facilities and services sector with KPJ Healthcare Bhd as its top pick. (TheEdge)

Source: New Straits Times, The Edge Markets The Star 06 March 2024 

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