Hartanah Kenyalang Bhd, a Sarawak-based construction services firm, has filed for an initial public offering (IPO) on the ACE Market of Bursa Malaysia to raise funds for expansion and to finance existing operations. (TheEdge)

Johor bus company HI Mobility Bhd has filed for an initial public offering on the Main Market to expand its fleet with conventional and electric buses as well as install charging stations. (TheEdge)

Sabah-based Life Water Bhd opened 18.46% higher than its initial public offering (IPO) price as it made its debut on the Main Market of Bursa Malaysia. (TheStar)

Elk-Desa Resources Bhd plans to expand its hire purchasing portfolio but continues to monitor the increasing pressure in collections and recovery. (TheStar)

Malaysia Marine and Heavy Engineering Holdings Bhd (KL:MHB) returned to the black in the third quarter ended Sept 30, 2024 (3QFY2024), as revenue jumped 42% year-on-year, thanks to improved performance of both its heavy engineering and marine segments. (TheEdge)

More clarity has been shed on Tenaga Nasional Bhd’s (TNB) hybrid hydro floating solar (HHFS) project, a key flagship initiative under the National Energy Transition Roadmap (NETR), as well as its Sungai Perak Hydro Scheme Life Extension Programme (LEP), which aims to prolong the life and enhance the earnings potential of the group’s hydro assets. (TheStar)

Sunway Bhd is anticipated to post commendable third-quarter 2024 (3Q24) earnings, driven by its Singapore condominium project. (TheStar)

Analysts have reacted positively to credit-reporting outfit CTOS Digital Bhd’s move to remain focused on growing the commercial segment of its credit-reporting business. (TheStar)

Analysts raised their earnings forecasts for Heineken Malaysia Bhd (KL:HEIM) after the group posted a better-than-expected core net profit performance in its third-quarter results. (TheEdge)

Hartalega Holdings Bhd is expected to deliver better quarter-on-quarter (QoQ) earnings from the third quarter of financial year 2025 (3Q25) onwards, according to Hong Leong Investment Bank Bhd (HLIB Research). (NST)

Source: New Straits Times, The Edge Markets, The Star 13 November 2024

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