Transportation information technology (IT) solutions provider Go Hub Capital Bhd has received approval from Bursa Malaysia Securities Bhd to list on the ACE Market. Go Hub focuses on provides customised software development systems and integration of hardware and software system in the bus and rail segments. (NST)

MNRB Holdings Bhd is optimistic over the takaful segment, which it says continues to grow on the back of various initiatives to increase sales through agency, bancatakaful and corporate distribution channels. Meanwhile, it said it was taking a proactive stance to risk diversification in its reinsurance and retakaful sectors, despite the continued dominance in the domestic industry. (TheStar)

Petronas Dagangan Bhd (KL:PETDAG) faces a threat from Saudi Aramco’s possible entry into Malaysia’s fuel retailing market, on top of the impending withdrawal of fuel subsidies, CGS International warned. Aramco is reportedly negotiating to acquire Shell’s 950 retail fuel stations in Malaysia, which if a deal materialises, could heighten competition in the country, CGS said. Aramco will rebrand the stations and will offer promotions to retain existing customers and attract new ones, it said. (TheEdge)

Public Bank Bhd has mobilised more than RM53 billion of sustainable finance since 2020 which covers financing portfolio such as energy efficient vehicles financing, affordable home financing, corporate loans and green financing facilities. In a statement today, the bank said it remains committed to drive sustainable best practices in line with its Sustainability Roadmap, targeting to mobilise a total of RM100 billion in sustainable finance by 2030. (TheEdge)

IHH Healthcare Bhd today announced that it has invested an undisclosed amount into sleep disorder detection and diagnosis company Belun Technology Company Limited. Belun's artificial intelligence-powered, medical grade at-home wearable sleep test ring and software is the first of its kind cleared by the US Food and Drug Administration (FDA). (NST)

Sapura Energy Bhd's joint venture entities, Seabras Sapura Holding GmbH and Seabras Sapura Participacoes SA, have been awarded contracts worth US$1.8 billion for its six multi-purpose pipe-laying support vessels (PLSVs), as part of a competitive Petrobras tender process. In a filing to Bursa Malaysia, the Practice Note 17 (PN17) company said the contracts were offered to Seagems Solutions Ltda, Sapura Diamante GmbH, Sapura Topazio GmbH, Sapura Jade GmbH, Sapura Onix GmbH and Sapura Rubi GmbH, which are entities of Seabras Sapura Holding and Seabras Sapura Participacoes. (NST)

Shares of Bursa Malaysia Bhd (KL:BURSA) extended their gain on Wednesday, after MIDF said it foresees a good prospect for trading activities on Bursa Malaysia Securities Bhd this year, as Malaysian stocks hit a historical high of RM2 trillion in market capitalisation on Tuesday (May 7). The stock exchange operator was among gainers on the exchange after it rose as much as 11 sen or 1.40% to its three-year high of RM7.98 in early trades. At noon break, the counter pared gains to RM7.94, with 2.37 million shares traded. At this price, the stock is valued at RM6.43 billion. (TheEdge)

Sentral Real Estate Investment Trust (REIT) said it will remain focused on asset management and leasing strategies that are centred on cost optimisation and tenant retention. In comments accompanying its quarterly results, the REIT said it expects the Klang Valley office and retail markets to remain challenging. (TheStar)

CTOS Digital Bhd is optimistic over its day in court, set for July 9, 2024, but analysts are weighing the risks of a potentially unfavourable outcome. Following a High Court decision in March, the credit reporting agency is scheduled to appeal a ruling that it is not authorised to formulate a credit reporting score under the Credit Reporting Agencies Act 2010 (CRAA). (TheStar)

Source: New Straits Times, The Edge Markets The Star 08 May 2024 

Need a Trading Account?

Open a trading account now for FREE with our selected advertiser to enjoy Free Subscription to MQ Trader!

Contact Us

Please do not hesitate to contact us if you have any inquiries:

Facebook: https://www.facebook.com/mqtrader 
Instagram: https://www.instagram.com/mqtrader 
MQ Chat: https://messenger.i3investor.com/m/chatmq 
YouTube: https://www.youtube.com/channel/UCq-26SGjlQTVQfO7DoEihlg 
Email: admin@mqtrader.com