Solarvest Holdings Bhd through its subsidiary, Solarvest Energy Sdn Bhd, has formed a joint venture with Agmo Holdings Bhd's subsidiary, Agmo Capital Sdn Bhd to develop digital clean energy solutions. (NST)

Maxis Bhd has entered into a memorandum of understanding (MoU) with global telecommunications operator China Mobile International to drive growth in the telecommunications sector. (NST)

South Malaysia Industries Bhd (KL:SMI) on Tuesday received a takeover offer worth more than RM47 million from a group of major shareholders. (TheEdge)

Kinergy Advancement Bhd (KAB) expects stronger contributions to revenue and profit growth in the upcoming quarters, projecting sustained momentum that could see a doubling of 2023’s results. (TheStar)

Shares of IJM Corp Bhd (KL:IJM) rose to their highest in more than two weeks after the construction company announced that it had secured two contracts worth RM561 million. (TheEdge)

Mercury Securities has assigned a fair value of RM1.99 to Main Market-bound 99 Speed Mart Retail Holdings Bhd, which is a 21% premium to its initial public offering price of RM1.65, recognising its position as the leading grocery retailer in Malaysia. (TheEdge)

Carlsberg Brewery Malaysia Bhd, having invested approximately RM200mil in capital expenditure (capex) over the past three years, is committed to further spending to future-proof its business. (TheStar)

AMMB Holdings Bhd's (Ambank Group) net profit rose 32.2 per cent to RM500.2 million in the first quarter ended June 30, 2024 (1Q25) from RM378.37 million a year ago on lower impairment charges. (NST)

Kuala Lumpur Kepong Bhd (KL:KLK) is expected to deliver a stronger performance in the last quarter ending Sept 30, 2024 (4QFY2024), driven by seasonal production boosts following 3Q results that aligned with market expectations. (TheEdge)

Property developer Mah Sing Group Bhd hopes the government will implement additional measures to support first-time housebuyers, streamline the home-buying process and accelerate the recovery of the property industry. (TheStar)

Lagenda Properties Bhd will be looking to unlock the value of its land bank by building a robust, long-term development pipeline that will enable the group to strategically plan and execute projects that align with market demands. (TheStar)

CIMB Securities Sdn Bhd said disciplinary action against Genting Bhd's Resorts World Las Vegas (RWLV) could jeopardise Resorts World New York City's (RWNYC) bid for a downstate New York full casino licence. (NST)

Source: New Straits Times, The Edge Markets, The Star 20 August 2024

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