99 Speed Mart Retail Holdings Bhd (99 Holdings) which plans to list on the Main Market of Bursa Malaysia Securities on September 9, 2024 will be the biggest initial public offering the country has seen in seven years. (NST)

Bursa Malaysia Securities has suspended short selling of SP Setia Bhd's shares for the remainder of the day after its shares fell by more than 15 percent. (NST)

DRB-Hicom Bhd’s subsidiary, Edaran Otomobil Nasional Bhd (EON), expects Malaysian electric vehicle (EV) market penetration to reach up to two per cent by year-end, driven by the launch of additional EV models. (TheStar)

BINASTRA Corp Bhd met resistance yesterday at the historical high of RM1.34 but failed to close above the level. (TheStar)

Shares in Frontken Corp Bhd (KL:FRONTKN) extended their decline on Thursday, as investors reacted poorly to the semiconductor support services company’s weaker-than-expected results for the second quarter ended June 30, 2024 (2QFY2024). (TheEdge)

Guan Chong Bhd’s (KL:GCB) earnings for the second quarter ended June 30, 2024 (2QFY2024) are anticipated to be resilient and facilitate a record-breaking year, driven by increasing average selling prices (ASPs), higher revenue, and favourable hedging positions, said RHB Research. (TheEdge)

Elk-Desa Resources Bhd will continue to sustain a growth trajectory by expanding its hire-purchase receivables with a growth target in the lower to mid teens, said executive director and chief financial officer Teoh Seng Hee. (TheStar)

PPB Group Bhd is expected to report softer earnings in the first half of the financial year 2024 (1HFY24), following disappointing results by its 19 per cent-owned associate Wilmar International Ltd (WIL). (NST)

RHB Research expects Kelington Group Bhd (KL:KGB) to deliver another quarter of strong earnings, on the back of a solid order book. (TheEdge)

Rubber processing company Seng Fong Holdings Bhd, which recently posted a record annual profit for its financial year ended June 30, 2024 (FY24), is poised to achieve a 26% increase in its bottom line for FY25, according to Apex Securities Research. (TheStar)

Interesting developments are unfolding at Sapura Resources Bhd with the minority shareholders having been riled up at its 67th annual general meeting on July 17. (NST)

Source: New Straits Times, The Edge Markets, The Star 15 August 2024

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