Specialty chemicals company Sumisaujana Group Bhd has filed for an initial public offering (IPO) on the ACE Market to raise funds for the acquisition of several properties, including a factory, as well as to finance expansions. (TheEdge)

Shares in Elridge Energy Holdings Bhd opened 17.24% higher on its trading debut on the ACE Market of Bursa Malaysia, following an initial public offering (IPO) that raised RM101.5mil. (TheStar)

Cape EMS Bhd share price has plunged 60.28 per cent or 65 sen, year-to-date to 42 sen, bringing its market capitalisation to RM416.64 million as of 10.30am. (NST)

Property developer Matrix Concepts Holdings Bhd registered a lower net profit of RM60.7 million in the first quarter ended June 30, 2024 (Q125) from RM64.6 million a year ago. (NST) 

Sime Darby Property Bhd's net profit more than doubled to RM161.96 million in the second quarter ended June 30, 2024 (2Q24) from RM71.07 million a year ago, on the back of higher revenue. (NST) 

Pekat Group Bhd’s (KL:PEKAT) net profit rose 33.4% to RM4.64 million in the quarter ended June 30, 2024 (2QFY2024) from RM3.48 million a year ago, on better contributions from its higher margin earthing and lightning protection (ELP) and trading segments. (TheEdge)

YTL Power International Bhd's core earnings of RM973.8 million in the fourth quarter ended June 30,2024 (Q4FY24) which boosted its financial year 2024 (FY24) earnings to RM3.4 billion came within Hong Leong Investment Bank's (HLIB Research) forecast of 103 per cent. (NST)

Bumi Armada Bhd's net profit in the second quarter ended June 30, 2024 (2QFY24) rose to RM265.96mil from RM118.77mil in the year-ago quarter, it reported in a filing with Bursa Malaysia. (TheStar)

CIMB Securities has significantly raised its core net profit forecast for Malaysia Marine and Heavy Engineering Holdings Bhd (KL:MHB) for the financial year ending Dec 31, 2024 (FY2024) by more than double, or 143.7%, to RM101.8 million on cost recovery claims. (TheEdge)

Budget carrier AirAsia Bhd has secured a US$443 million (RM1.94 billion) dual-tranche private financing to use partly for refurbishing planes grounded during the pandemic, according to people familiar with the matter. (TheEdge)

SLP Resources Bhd anticipates a modest recovery fuelled by a potential rebound in its export markets, particularly Japan, according to Public Investment Bank Bhd (PublicInvest). (NST)

SD Guthrie Bhd is anticipated to report an increased net profit in the second half of the financial year 2024 (2HFY24), fuelled by seasonally higher production and reduced fertiliser costs, according to CIMB Securities Sdn Bhd. (NST)

Source: New Straits Times, The Edge Markets, The Star 22 August 2024

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