ACE Market-bound frozen seafood company, Ocean Fresh Bhd’s initial public offering (IPO) has been oversubscribed by 76.22 times. (TheStar)

Solarvest Holdings Bhd has partnered with Taiwan's major renewable energy player GreenRock Energy to accelerate the development of green energy solutions in both Taiwan and Malaysia. (NST)

YBS International Bhd will assemble lithium-ion batteries for US-based lithium battery-producing giant Enovix from the third quarter of 2024, which will help the group return to profitability in financial year 2025 (FY25). (TheStar)

MyNews Holdings Bhd's CU convenience store chain can be expected to continue its turnaround following the consolidation of the CU and Mynews management teams, which has helped to elevate sales and gross profit margin, says RHB Research. (TheStar)

Kinergy Advancement Bhd (KL:KAB) has inked a memorandum of understanding (MOU) with state-owned investment company Permodalan Kedah Bhd (PKB) to develop sustainable energy projects. (TheEdge)

Alliance Bank Malaysia Bhd is beefing up its small and medium enterprise (SME) business to carve a stronger market share in this lucrative segment. (TheStar)

Tenaga Nasional Bhd has been leading the energy transition in the public and commercial spheres. This includes working with international companies as they switch to renewable energy (RE), namely solar power. (TheEdge)

Samaiden Group Bhd is poised to benefit from long-term renewable energy (RE) capacity roll-outs to achieve an RE target mix of 70 per cent in Malaysia, said Apex Securities Bhd. (NST)

A group of investors including former CIMB Group Holdings Bhd chairman Tan Sri Nazir Razak is investing up to US$40 million in Food Empire Holdings Ltd via a reedeemable exchangeable note (REN) issue. (NST)

IJM Corporation Bhd's recent two contract wins have set the clearer pathway towards its RM5 billion replenishment target, said Hong Leong Investment Bank Bhd (HLIB). (NST)

WCT Holdings Bhd's future prospects remain bullish following its recent announcement of a RM250 million highway contract win, according to CIMB Securities. (NST)

Shares in PJBumi Bhd (KL:PJBUMI) rose to their highest in seven months, after the engineering and construction company secured a contract to provide physical onboarding services for MyDigital ID. (TheEdge)

Shares in GDB Holdings Bhd (KL:GDB) rose to their highest in more than two years in highly active trade, after the construction company announced a contract win worth RM865.66 million. (TheEdge)

TA Securities has derived a fair value of RM1.06 for Main Market-bound Johor Plantations Group Bhd (JPG), based on calendar year 2025 price-earnings ratio (PER) of 14 times, which is a 20% discount to TA Securities' sector target PER of 18 times. (TheEdge)

Source: New Straits Times, The Edge Markets The Star 24 June 2024 

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