Yinson Holdings Bhd has proposed a private placement of 120 million new shares to raise RM283.2 million to expand its renewable energy and green technology business. (TheEdge)

Optimistic over growing sales momentum, Top Glove Corp Bhd says there are signs of a rebound in the glove market and guides for a return to profitability in the second half of the year. (TheStar)

YTL Power International Bhd's earning forecast is anticipated to stay positive, and dividends could surprise to the upside, given the robust earnings of its subsidiary, PowerSeraya. (NST)

Uzma Bhd obtained a two-year contract extension from Medco Energi Thailand (Bualuang) Ltd for the provision of hydraulic worker unit (HWU) services and associated equipment service required for workover and well services activities at offshore Thailand. (TheEdge)

Farm Price Holdings has obtained approval for its upcoming initial public offering (IPO) on Bursa Malaysia’s ACE Market. (TheStar)

Maybank Investment Bank (Maybank IB) has projected a decrease in gross gaming revenue (GGR) from the mass market category for Genting Bhd's fiscal year 2024 (FY24). (NST)

Public Investment Bank (Public Invest) reiterated its 'outperform' call on Magni-Tech Industries Bhd and raised earnings by 8.0 per cent to 11 per cent for financial years 2024-2026 to reflect robust sales performance. (NST)

Bursa Malaysia Securities Bhd has granted a six-month extension, until September 2, for FGV Holdings Bhd to comply with the public shareholding spread requirement. (NST)

Airports Holding Bhd (MAHB) today said that Subang Airport will manage 8 million passengers per annum by 2030 under the Subang Airport Regeneration Plan (SARP), which will bring jet operations back to the airport. (NST)

AMMB Holdings Bhd (Ambank Group) is expected to post a higher dividend payout for the financial year 2024 (FY24) onwards due to the recovery in capital ratios. (NST)

RHB Investment Bank (RHB IB) has maintained its “buy” rating on Gamuda Bhd at RM5.14 with an unchanged target price (TP) of RM6.46 and said it expects Gamuda’s core profit for the second quarter of financial year 2024 (2QFY2024) to be RM200 million-RM220 million, possibly translating to a 3%-13% quarter-on-quarter (q-o-q) and year-on-year (y-o-y) growth. (TheEdge)

Scientex Packaging (Ayer Keroh) Bhd’s net profit for the second quarter shrank 40.06% mainly due to lower revenue, higher electricity costs and changes in product mix. (TheEdge)

Source: New Straits Times, The Edge Markets The Star 20 March 2024 

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