UUE Holdings Bhd made a strong debut on the ACE Market, opening at 66 sen per share or 175% over its initial public offering price (IPO) of 24 sen per share. (TheStar)

Short selling in Jentayu Sustainables Bhd's shares have been suspended until tomorrow after the company's stock price fell more than 26 per cent during the morning session. (NST)

Tenaga Nasional Bhd (TNB) said that its business operations and financial condition will not be affected by the Ministry of Energy Transition and Water Transformation's (Petra) decision to maintain current power rates until December 31 of this year. (NST)

Johor Plantations Group Bhd (JPG) will continue to focus on optimising its operational efficiency, especially on improving yield, mechanisation, plant efficiency and cost control. (TheStar)

Property developer Tropicana Corp Bhd (KL:TROP) unveiled its six key tenants for its SouthPlace Shoppes & Residences development on Tuesday. (TheEdge)

Hiap Teck Venture Bhd's earnings prospects remain bright, supported by the pending rollout of mega infrastructure projects and robust private sector job flows in Malaysia, said Hong Leong Investment Bank Bhd (HLIB). (NST)

Public Investment Bank Bhd (PublicInvest) has adjusted its forecast for Cypark Resources Bhd for the financial years 2025 and 2026 (FY25/FY26), reducing them by 48 per cent and 18 per cent respectively. (NST)

Perdana Petroleum Bhd (KL:PERDANA) has announced the resignation of Datuk Hasmi Hasnan from its board of directors, effective Monday. (TheEdge)

 Malacca Securities has a fair value of 68 sen for bus and rail information technology services provider, Go Hub Capital Bhd,  almost double that of its initial public offering price of 35 sen a share. (NST)

Telekom Malaysia Bhd (TM) fell in early trade Tuesday despite securing a RM1.25bil contract to undertake the implementation of Next Generation Emergency Services 999 (NG999). (TheStar)

Manulife Holdings Bhd (KL:MANULFE ) net profit for 2023 rose 11% to RM83.9 million, driven by insurance service revenues with higher contractual service margin amortisation and risk adjustment release, attributable to expansion of insurance in-force business. (TheEdge)

Hong Leong Investment Bank (HLIB) has maintained its “hold” rating on Panasonic Manufacturing Malaysia Bhd (KL:PANAMY) at RM22.06 with an unchanged target price of RM20.02, based on the 13 time price-earnings (PE) multiple on financial year 2025 (FY2025) earnings. (TheEdge)

Source: New Straits Times, The Edge Markets The Star 2 July 2024

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