JOHOR-based pawn broker Well Chip Group Bhd saw a significant debut on the main market of Bursa Malaysia today. (NST)

MISC Bhd (KL:MISC) is expected to deliver a 43% year-on-year rise in core net profit for the second quarter of its financial year 2024, amid modest improvement in charter rates and a rebound at its marine and heavy engineering business. (TheEdge) 

Advancecon Holdings Bhd's indirect 51%-owned subsidiary Spring Energy Sdn Bhd has entered into a mining services agreement with Imerys Minerals Malaysia Sdn Bhd to carry out mining works at Gunung Terundum in the Simpang Pulai/Keramat Pulai area. (TheStar)

Varia Bhd's wholly-owned subsidiary Teguh Maju Sdn Bhd has secured a contract from Best Metro Builder Sdn Bhd for the supply of labour, materials and equipment for the upgrading works of the sewage treatment plant in Mak Mandin and constructing a sewerage pipeline in the Butterworth North catchment area in Pulau Pinang. (TheStar)

Kossan Rubber Industries Bhd is expected to see a sequential uptick in its sales volume for the second half of 2024 (2H 2024), as demand for gloves continues to increase due to customers replenishing their depleting inventories. (NST)

Brahim's Holdings Bhd's unit Brahim's Food Services Sdn Bhd (BFS) is poised to secure British Airways and two China-based airlines as its new customers this year as the in-flight caterer moves on from a painful separation from its biggest airline customer last year. (NST)

Malaysia Airports Holdings Bhd (MAHB) aims to expand its route networks and improve operational efficiencies to support its growth. (NST)

T7 Global Bhd's wholly-owned subsidiary Tanjung Offshore Services Sdn Bhd has secured a contract from PETRONAS Carigali Sdn Bhd (PCSB) for the provision of low-cost jack-up drilling rig for the PETRONAS Carigali plug and abandonment programme. (TheStar)

CGS International maintained its 'add' rating for Genting Plantations Bhd (KL:GENP) at RM5.88, with an unchanged target price of RM6.62, saying Genting Plantations' plan to acquire some 152 hectares of land in Indonesia is positive for the group, as it expands its footprint in the property development business in the republic. (TheEdge) 

Phillip Capital has maintained its 'buy' rating for Pantech Group Holdings Bhd (KL:PANTECH) at RM1.09, with a higher target price of RM1.42 (from RM1.35), and said it expects the company to report stronger earnings year-on-year for the first quarter ended May 31, 2024 (1QFY2025), with a core net profit forecast of RM24 million to RM27 million. (TheEdge) 

Bursa Malaysia Bhd, which has a track record of paying out special dividends on record-high securities average daily value (SADV) years, could pay out as much as nine sen a share this year, RHB Investments Bank Research said. (NST)

Source: New Straits Times, The Edge Markets The Star 23 July 2024

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