Sik Cheong Bhd aims to raise RM17.8mil from its initial public offering (IPO), en route to a listing on the ACE Market on Bursa Malaysia. (TheStar)

EG Industries Bhd's subsidiary, SMT Technologies Sdn Bhd, has secured confirmed purchase order (PO) worth US$117 million for 5G photonics related products on June 5. (NST)

Haily Group Bhd's shares jumped to an all-time high after it bagged a contract worth RM76.65 million to build 171 units of link houses in Johor. (NST)

Malaysia Airports Holdings Bhd (MAHB) services are not affected by the global IT outage which has resulted in major travel disruptions in Europe, the United States as well as Australian airports. (NST) 

Shares in Gamuda Bhd rose on Friday following news that its joint venture (JV) had secured a A$1.6bil (RM5bil) rail systems upgrading project in Perth, Australia. (TheStar)

Brahim's Holdings Bhd (Brahim's) has not held talks with Malaysia Aviation Group (MAG) on the latter's potential sale of 30 per cent stake in Brahim's Food Services Sdn Bhd (BFS) since both parties went separate ways last year. (NST) 

SD Guthrie and Press Metal helped to lift Bursa Malaysia's key index higher at midday despite the overall weak market breadth. (NST) 

Shares of Affin Group Bhd tumbled after news broke that Sarawak state could take longer to raise its stake in the bank. (NST)

Sunway Bhd's outlook remains bright due to three strong catalytic exposures, according to RHB Research. (NST)

S P Setia Bhd celebrated its 50th anniversary today with a revitalised commitment to continue crafting spaces that cater to what the community and market needs. (TheStar)

Bursa Malaysia Bhd (KL:BURSA) may report an 8.2% year-on-year (y-o-y) growth in net profit for the second quarter ended June 30, 2024 (2QFY2024), thanks to robust trading activity in the capital market, CGS International said. (TheEdge) 

Tenaga Nasional Bhd (KL:TENAGA) or TNB is expected to keep increasing its capital expenditure (capex) beyond 2030, with an additional RM1 billion to RM2 billion a year, to maintain its power grid infrastructure, which recently hit new peak demand due to data centres, said PublicInvest Research. (TheEdge) 

Source: New Straits Times, The Edge Markets The Star 19 July 2024

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