Newly-listed Farm Price Holdings (FPHB) had seen a consolidation phase in the band of 40.0 sen (S1) to 41.5 sen (R1) with narrowing volume, indicative of a slower selling pressure. Both MACD and OSC indicators show the similar pattern – a weaker selling pressure. We think it is worthwhile to closely monitor FPHB potential breakout beyond the R1 level.

Feytech Holdings Bhd has announced that the 42.16 million issue shares made available for application by the Malaysian public under its initial public offering (IPO) exercise en route to a listing on Bursa Malaysia’s Main Market on May 21, 2024, have been oversubscribed.
In a filing with Bursa Malaysia today, Tricor Investor and Issuing House Services Sdn Bhd (TIIH) said a total of 14,687 applications for 701.36 million shares with a val...

Farm Price Holdings Bhd, which is scheduled for a listing on the ACE Market of Bursa Securities on May 14, has seen its initial public offering (IPO) oversubscribed by 91.35 times.
The Johor-based wholesaler and distributor of fresh vegetables, food and beverage (F&B) products and other groceries said the IPO comprised of 450 million ordinary shares, featuring a public issue of 102 million new shares at an issue price of 24 sen per share.
A total of 16...

Infoline Tec Group Bhd has proposed to transfer its listing from the ACE Market to the Main Market of Bursa Malaysia as it has met the profit requirements for the transfer.
In a bourse filing on Thursday, the company said the transfer will enhance its credibility and reputation, which will in turn enhance the attractiveness and marketability of its shares.
The company, which was listed on July 13, 2022, said it saw an aggregated consolida...

Master Community Developer, Sunway Property, has opened its sales gallery for its newest Signature Home, Sunway Velocity 3, recently and will be previewing the first phase of the development on May 4.
Sunway Velocity 3 follows the successful launches of the Sunway Velocity and Sunway Velocity TWO of which all residential units were fully sold.
The commercial units in both Sunway Velocity and Sunway Velocity TWO are also fully-tenante...

At the time of writing this, we've seen 14 IPOs hit Bursa Malaysia from January to April 2024, and they've really been knocking it out of the park, reigniting investor interest in the IPO “sector”.
To be frank, not every IPO has the makings of a multibagger in Malaysia.
But, in my very humble opinion, the company we're discussing today shows a promising foundation to become the next big multibagger on Bursa Malaysia.
Introducing: Farm Price Holdings Be...

Malaysian Resources Corp Bhd (MRCB) and Kimlun Corp are among companies expected to benefit from expedited flood mitigation projects within the construction sector, RHB research said.
The research firm said the federal government has allocated about RM11.8 billion under Budget 2024 for flood mitigation projects spread across 33 high priority projects.
"A report by the World Bank and Bank Negara Malaysia says...