News by Syafiqah Salim

Shares of Eversendai Corp Bhd extended its rally and surged to its highest in five years as investors continued to accumulate the stock following contract wins totalling RM5.4 billion.

CTOS Digital Bhd’s share price rebounded on Wednesday’s morning after analysts said the recent sell-off was overdone, following the management’s positive stance that the continuity of its operations was not at risk.

Eversendai Corp Bhd said its unit is currently in talks with the Inland Revenue Board (IRB) to withdraw the winding-up petition initiated by the IRB, following the settlement of the amount allegedly owed.

The Ministry of Tourism, Arts and Culture (Motac) will soon present a policy paper outlining the full guidelines for the revamped Malaysia My Second Home (MM2H) applications to the Cabinet, said Home Minister Datuk Seri Saifuddin Nasution Ismail.

The government plans to set up Bumiputera Land Corporation (Perbadanan Tanah Bumiputera) to preserve land ownership, as part of an effort to strengthen the community, Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi said on Thursday.

Higher tax expenses pushed Ekovest Bhd into the red in the second quarter ended Dec 31, 2023 (2QFY2024), posting a net loss of RM50.6 million or 1.69 sen per share, compared with RM223,000 net profit or 0.01 sen per share a year ago.

Shares of UOA Development Bhd rose to its record high on Wednesday, as analysts maintained their ‘hold’ call for the stock after the property developer’s financial results ended Dec 31, 2023 (FY2023) fell within their expectations.

Department store and mall operator Aeon Co (M) Bhd said on Friday that its net profit rose 31% in the fourth quarter from a year earlier, thanks to higher occupancy rate, rental renewals and cost control, while flagging risks from government policy measures.

Analysts tracking KLCCP Stapled Group anticipate a stable earnings trajectory for the group amid sustained robust tourist activities as well as a steady performance from the facilities management and office segments’ divisions.

Offshore crane services provider Handal Energy Bhd said on Friday that it is seeking further business investment opportunities in the agriculture industry.