Trading ideas: MyEG, Axis REIT, Mah Sing, Capital A, Hibiscus, Chin Hin, Carlsberg, I-Bhd
KUALA LUMPUR: Here is a summary of the previous day's corporate announcements, according to TA Securities Research.

MyEG Services Bhd has inked an agreement to collaborate on the launch of a virtual asset fund or Hong Kong virtual assets exchange-traded fund products.

Axis Real Estate Investment Trust is disposing of its property in Nusajaya, Johor, for RM162.0mn cash to a data centre operator.

Mah Sing Group Bhd 's land acquisition for its third development in Setapak, Kuala Lumpur, namely M Azura, has become unconditional and it has 3 months to pay the balance purchase price of about RM59,0mn.

Capital A Bhd ’s board of directors has decided to extend Tan Sri Tony Fernandes' tenure as the chief executive officer for another 5 years, and as a strategic adviser to the airlines business.

Hibiscus Petroleum Bhd has completed the drilling of the Bunga Aster-1 exploration well and is expecting its first oil production to begin in May.

Chin Hin Group Property Bhd had signed 2 agreements to develop 2 separate residential projects in Kuala Lumpur worth RM1.1bn in combined gross development value.

Carlsberg Brewery Malaysia Bhd confirmed the price increases for its beer products starting this month.

I-Bhd is planning to issue up to 100mn preference shares to its major shareholder in a deal that could raise up to RM100.0mn at RM1.00/share.

Suria Capital Holdings Bhd ’s has roped in DP World, an Emirati multinational logistics company based in Dubai, to manage Sapangar Bay Container Port.

Meta Bright Group Bhd have entered a solar supply agreement with Cherengin Hills Sdn Bhd and also has secured a new equipment leasing contract from Australian copper mining company Mt Cuthbert Resources Pty Ltd.

Farm Price Holdings Bhd on Wednesday began taking orders from investors for its initial public offering on the ACE Market to raise up to RM32.4mn

YNH Property Bhd is aborting the sale of a 6.5-acre land in Segambut and has appointed Chin Hin Group Property Bhd to develop the plot for a serviced apartment project that carries a potential gross development value of RM685.1mn.

Fajarbaru Builder Group Bhd has bagged a RM252.3mn contract from WCT Holdings Bhd to undertake Phase 1 of a two-phase development of two blocks of serviced apartments in Johor Bahru.

Eden Inc Bhd ’s major shareholder Tan Sri Abd Rahim Mohamad is proposing to settle a RM45.7mn debt his company owes Eden by transferring the ownership of a 2.4mn sq ft leasehold land to the listed entity.

Jiankun International Bhd has inked a MoU with Micro Energy Holdings (M) Sdn Bhd to equip one of its residential developments named Taman Panchor Jaya in Nibong Tebal, Penang, with solar photovoltaic systems.

OCR Group Berhad has entered into a joint venture agreement with Lecca Properties (M) Sdn Bhd to develop a landed residential project in Templer, Rawang, with an estimated gross development value of RM313.0mn.

Sapura Industrial Bhd plans to collaborate with Mili Tech Sdn Bhd on feasibility studies for electrified vehicle products and potentially establish a joint venture business in Malaysia.

Capitaland Malaysia Trust 1QFY24 net property income surged 100.6% YoY to RM64.0mn driven by full quarter revenue contribution from Queensbay Mall, higher occupancies and positive rental reversions.

United Plantations Bhd ’s net profit grew 18.54% YoY to RM132.9mn for the 1QFY24 mainly due to a sharp drop in finance cost, on the back of slightly higher revenue.

AME Real Estate Investment Trust posted a 11.9% YoY growth in net property income in 4QFY24 to RM11.4mn driven by a 15.9% YoY increase in rental income to RM12.5mn.
Analyst Reports,Trading ideas,MyEG,Axis REIT,Mah Sing,Capital A,Hibiscus,Chin Hin,Carlsberg,I-Bhd
KUALA LUMPUR: Here is a summary of the previous day's corporate announcements, according to TA Securities Research.