<div class=newsTextDataWrapInner><p>KUALA LUMPUR (March 22): Rakuten Trade has a 'buy'&nbsp;rating for Alpha IVF Group Bhd at an initial public offering (IPO) price of 32 sen, with a fair value (FV) of 34 sen, and said Alpha is currently in a net cash position with RM27.5 million and has healthy cash flow generation capabilities.</p></div>

<div class=newsTextDataWrapInner><p>In a note on Friday, the research house said it expects Alpha to pay a dividend&nbsp;of 0.7 sen for the financial year ending May 31, 2024 (FY2024), translating into a yield of 2.1%,&nbsp;and a dividend of 0.8 sen for FY2025, a yield of 2.5%.</p></div>

<div class=newsTextDataWrapInner><p>“We expect Alpha to register core net earnings of RM53.8 million for FY2024, and RM65.5 million for FY2025.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“[We recommend] 'buy' with an FV of 34 sen, based on 25 times FY2025 earnings per share, which aligns with healthcare service providers [listed on Bursa Malaysia],” Rakuten said.</p></div>

<div class=newsTextDataWrapInner><p><em>Read also:<br />
<a href="https://theedgemalaysia.com/node/705555" target="_blank">Alpha IVF opens flat at 32 sen on ACE Market debut</a><br />
<a href="https://theedgemalaysia.com/node/701055" target="_blank">Alpha IVF signs underwriting agreement for largest ever ACE Market IPO</a><br />
<a href="https://theedgemalaysia.com/node/705087" target="_blank">ACE Market-bound Alpha IVF posts 2Q net profit of RM12m</a><br />
<a href="https://theedgemalaysia.com/node/704323" target="_blank">Public portion of Alpha IVF's IPO oversubscribed by 1.73 times</a><br />
<a href="https://theedgemalaysia.com/node/703914" target="_blank">PublicInvest Research values ACE Market-bound Alpha IVF at 38 sen</a></em></p></div>


Rakuten Trade has a 'buy' rating for Alpha IVF Group Bhd at an initial public offering (IPO) price of 32 sen, with a fair value (FV) of 34 sen, and said Alpha is currently in a net cash position with RM27.5 million and has healthy cash flow generation capabilities.

Rakuten Trade values ACE Market-bound Alpha IVF at 34 sen

KUALA LUMPUR (April 28): The Malaysian Anti-Corruption Commission (MACC) is investigating a senior leader in the northern region on suspicion of appointing several companies believed to be linked to him for supply projects valued at about RM300,000.

Senior leader under probe for suspected cronyism over supply projects

BANGKOK (April 28): Thai Foreign Minister Parnpree Bahiddha-Nukara has abruptly resigned after losing the role of deputy prime minister in a Cabinet reshuffle, local media reported on Sunday.

Thai foreign minister resigns after losing deputy PM post

RIYADH (April 28): Prime Minister Datuk Seri Anwar Ibrahi held a bilateral meeting with President Paul Kagame of Rwanda on the sidelines of the World Economic Forum (WEF) Special Meeting here on Sunday.

Anwar holds meeting with President of Rwanda

KUALA LUMPUR (April 28): Police have verified the arrest of Chegu Bard, also known as Badrul Hisham Shaharin, a member of Parti Pribumi Bersatu Malaysia's Information Committee, on Saturday (April 27), and are launching an investigation into his Facebook post regarding the purported opening of a casino in Forest City.

Police detain Chegu Bard, launch investigation into casino statement

CAIRO (April 28): Dubai's ruler Sheikh Mohammed bin Rashid al-Maktoum approved a new passenger terminal in Al Maktoum International airport worth 128 billion AED (US$34.85 billion), he said on Sunday in a post on X.

Dubai ruler approves new US$35 bil airport terminal

SHANGHAI/BEIJING (April 28): Tesla chief executive officer (CEO) Elon Musk arrived in Beijing on Sunday on an unannounced visit, where he is expected to meet senior officials to discuss the rollout of full self-driving software and permission to transfer data overseas, according to a person with knowledge of the matter.

Elon Musk visits China as Tesla seeks self-driving technology rollout

KUALA LUMPUR (April 28): The Malaysian Anti-Corruption Commission (MACC) has requested information from German authorities concerning the alleged acquisition of luxury vehicles in Germany, financed by 1Malaysia Development Bhd (1MDB) funds, according to MACC chief commissioner Tan Sri Azam Baki.

MACC probes alleged luxury car buys in Germany with 1MDB funds

RIYADH (April 28): Malaysia adopts a balanced foreign policy approach between the West and East and stands clear of any sort of position that is deemed provocative, Prime Minister Datuk Seri Anwar Ibrahim said on Sunday.

Anwar: Malaysia adopts a balanced foreign policy, stands clear of provocations

RIYADH/DUBAI (April 28): Saudi Arabia, the world's top oil exporter, will adjust its Vision 2030 plan to transform its economy as needed, scaling back some projects and accelerating others, its finance minister said on Sunday.

Saudi Arabia's Vision 2030 projects to be adjusted as needed, finmin says

KUCHING (April 28): Sarawak Premier Tan Sri Abang Johari Tun Openg said on Sunday that prospective investors must deposit at least RM2 million or purchase property worth not less than RM1.5 million to obtain permanent residency (PR) in the state.

Abang Johari: Investors must deposit minimum RM2 mil to migrate to Sarawak

<p>Companies Commission of Malaysia issues directive to Ewog’s trustee to freeze trust account funds</p>


Companies Commission of Malaysia orders East West One Group’s trustee to freeze trust account funds

<p>KUCHING (April 28): Sarawak Premier Tan Sri Abang Johari Tun Openg said on Sunday that prospective investors must deposit at least RM2 million or purchase property worth not less than RM1.5 million to obtain permanent residency (PR) in the state.</p>


<p>SHANGHAI/BEIJING (April 28): Tesla chief executive officer (CEO) Elon Musk arrived in Beijing on Sunday on an unannounced visit, where he is expected to meet senior officials to discuss the rollout of full self-driving software and permission to transfer data overseas, according to a person with knowledge of the matter.</p>


<p>CYBERJAYA (April 28): The Occupational Safety and Health (Amendment) Act 2022 will come into effect on June 1, thus further increasing the level of safety and health at workplaces nationwide, said Human Resources Minister Steven Sim Chee Keong.</p>


Minister: Occupational Safety and Health (Amendment) Act 2022 comes into force on June 1

<p>BANGKOK (April 28): Thai former energy executive Pichai Chunhavajira was named the country's finance minister on Sunday, facing a tough task to revive Southeast Asia's second-largest economy.</p>


Former exec Pichai named as Thai finance minister, faces growth challenges

<p>KUALA LUMPUR (April 28): The Malaysian Anti-Corruption Commission (MACC) has requested information from German authorities concerning the alleged acquisition of luxury vehicles in Germany, financed by 1Malaysia Development Bhd (1MDB) funds, according to MACC chief commissioner Tan Sri Azam Baki.</p>


<p>KUALA LUMPUR (April 28): Malaysia is on a mission to explore various economic opportunities and attract new investments at the World Economic Forum (WEF) Special Meeting in Riyadh, Saudi Arabia, which will last two days starting Sunday.</p>


Anwar on a mission to explore economic opportunities, attract new investments at WEF

<p>SEREMBAN (April 28): Tabung Haji (TH) bore over RM350 million in direct and indirect financial assistance costs for this year's haj operations, its haj&nbsp;management general manager Mohamed Heikal Mohamed Yusuff revealed on Sunday. &nbsp;</p>


Tabung Haji bore more than RM350m in assistance cost for this year's haj ops

<p>BANGKOK (April 28): Thai Foreign Minister Parnpree Bahiddha-Nukara has abruptly resigned after losing the role of deputy prime minister in a Cabinet reshuffle, local media reported on Sunday.</p>


<p>RIYADH (April 28): The World Economic Forum’s (WEF) Special Meeting commences in Riyadh, Saudi Arabia&nbsp;on Sunday, to find solutions to a host of global challenges relating to humanitarian issues, the climate and the economy.&nbsp;</p>


World Economic Forum’s Special Meeting commences in Riyadh

<p>RIYADH (April 28): Malaysia adopts a balanced foreign policy approach between the West and East and stands clear of any sort of position that is deemed provocative, Prime Minister Datuk Seri Anwar Ibrahim said on Sunday.</p>


<p>KUCHING (April 28): Water is an important component which acts as a stabiliser and catalyst for sustainable national development, said Deputy Prime Minister Datuk Seri Fadillah Yusof.</p>


Water acts as stabiliser, catalyst for sustainable national development — Fadillah

<p>RIYADH/DUBAI (April 28): Saudi Arabia, the world's top oil exporter, will adjust its Vision 2030 plan to transform its economy as needed, scaling back some projects and accelerating others, its finance minister said on Sunday.</p>


<p>KUALA LUMPUR (April 28): The Malaysian Anti-Corruption Commission (MACC) is investigating a senior leader in the northern region on suspicion of appointing several companies believed to be linked to him for supply projects valued at about RM300,000.</p>


<p>WASHINGTON (April 27): US&nbsp;President Joe Biden delivered an election-year roast on Saturday night at the annual White House Correspondents' Association dinner, as protesters outside criticised his support for Israel's war against Hamas.</p>


Biden jabs Trump in election-year roast at correspondents' dinner

<p>CAIRO (April 28): Dubai's ruler Sheikh Mohammed bin Rashid al-Maktoum approved a new passenger terminal in Al Maktoum International airport worth 128 billion AED (US$34.85 billion), he said on Sunday in a post on X.</p>


<p>KUALA LUMPUR (April 28): Police have verified the arrest of Chegu Bard, also known as Badrul Hisham Shaharin, a member of Parti Pribumi Bersatu Malaysia's Information Committee, on Saturday (April 27), and are launching an investigation into his Facebook post regarding the purported opening of a casino in Forest City.</p>


<p>LISBON (April 28): Russia's air defence systems destroyed 17 drones launched by Ukraine over its territory, Russia's defence ministry said on Sunday, with a regional official saying the attack targeted an oil storage facility in the Kaluga region.</p>


Russia says it destroyed 17 drones launched by Ukraine

<p>BEIRUT (April 28): France's foreign minister will push proposals to prevent further escalation and a potential war between Israel and Iran-backed Hezbollah during a visit to Lebanon on Sunday, as Paris seeks to refine a roadmap that both sides could accept to ease tensions.</p>


France's foreign minister looks to prevent Israel-Hezbollah conflict escalation in Lebanon visit

<p>RIYADH (April 28):&nbsp;Prime Minister Datuk Seri Anwar Ibrahi&nbsp;held a bilateral meeting with President Paul Kagame of Rwanda on the sidelines of the World Economic Forum (WEF) Special Meeting here on Sunday.</p>
