Supreme Consolidated Resources Bhd (SCRB) reported overwhelming demand for its initial public offering (IPO), with the public portion of shares seeing an oversubscription of 349.4 times. (TheStar)

Handal Energy Bhd (KL:HANDAL) was slapped with a RM132.6 million counterclaim from a former joint venture (JV) partner, alleging a breach of their JV agreement. (TheEdge)

Binastra Corporation Bhd has bagged a RM256.5 million contract mechanical and electrical (M&E) fit-out works for a data centre located in Bukit Jalil. (NST)

Shares of Malayan Flour Mills Bhd (KL:MFLOUR), or MFM, sank on Wednesday morning to their lowest in 10 months, after the company reported a nearly 70% drop in net profit in its third quarter.(TheEdge)

Dialog Group Bhd's shares rose in early trade following an improved bottomline in its first-quarter results released yesterday. (TheStar)

Shares of Cape EMS Bhd (KL:CEB) fell on Wednesday morning in highly active trade, after the electronic manufacturing services firm reported its first quarterly loss since its listing. (TheEdge)

TCS Group Holdings Bhd's wholly-owned subsidiary, TCS Construction Sdn Bhd (TCSC), has secured a RM611.30 million contract from Sabah Public Works Department for the construction of the Pan Borneo Sabah Highway Phase 1B. (NST)

Eden Inc. Bhd's unit Eden Catering Sdn Bhd has secured a RM20 million contract from the Health Ministry (MoH) for outsourced food services at the National Cancer Institute (IKN). (NST)

Property developer UOA Development Bhd’s (KL:UOADEV) net profit for the three months ended Sept 30, 2024 (3QFY2024) dropped 5.2% to RM48.34 million, compared with RM50.86 million a year ago, although its revenue jumped 32%. (TheEdge)

Zecon Bhd has entered into a strategic collaboration agreement with Pelaburan Hartanah Bhd (PHB), Sarawak Digital Economy Corporation Bhd (SDEC) and Global Network Inc (GNI) to develop and invest in projects at Kota Petra Green Technology Park in Sarawak. (NST)

Petronas Chemicals Group Bhd (PCG) posted a net loss of RM789 million in the third quarter ended Sep 30, 2024 (Q3 2024) versus a net profit of RM424 million in Q3 2023, mainly for its investment in Pengerang Petrochemical Company Sdn Bhd (PPC). (NST)

Public Investment Bank Bhd (PublicInvest Research) has cut its earnings forecast for QES Group Bhd by 10-12 per cent for financial year 2024 (FY24)-FY26, reflecting slower-than-expected equipment deliveries in the near term. (NST)

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

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