<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

Bursa Securities has approved the transfer of Infoline Tec Group Bhd's (KL:INFOTEC) entire issued share capital from the ACE Market to the Main Market.

Infoline Tec Group gets Bursa's greenlight for Main Market transfer

The euro area’s economic growth will pick up as obstacles to consumption and investment fade away, though geopolitics poses an increasing threat, according to the European Commission.

Euro area to see consumer pickup but risks are high, says EU 

Petra Energy Bhd (KL:PENERGY) has secured a four-year contract from Sarawak Shell Bhd and Sabah Shell Petroleum Company Ltd for the provision of offshore crane operations and maintenance services.

Petra Energy bags offshore crane operation contract from Shell

Carbon-based products manufacturer PMB Technology Bhd (KL:PMBTECH), which is 23.58% controlled by Press Metal Aluminium Holdings Bhd (KL:PMETAL), announced on Friday that its rights issue of 243.7 million shares has been oversubscribed by 12.45%.

PMB Technology’s rights issue oversubscribed by 12.45%

Vegetable supplier Farm Price Holdings Bhd (KL:FPHB) has scrapped its recently announced plan for a one-for-two bonus issue of warrants, saying it will revisit the plan next year instead.

“After further deliberation, the company has decided not to proceed with the proposed bonus issue of warrants and will revisit the same in the second quarter of 2025,” Farm Price said in a bourse filing on Friday, without explaining further.

Farm Price aborts plan for bonus warrants a week after announcing it

Bank Negara Malaysia (BNM)’s move to allow multilateral development banks (MDBs) and selected non-resident development financial institutions (DFIs) to issue ringgit debt securities and finance local entities is expected to increase market liquidity, making it easier for other issuers to raise funds, according to Fitch Ratings.

Fitch Ratings says BNM's move to allow foreign financial institutions to issue ringgit bonds will boost market liquidity

Garuda Indonesia appointed Wamildan Tsani Panjaitan, a top manager at PT Lion Mentari Airlines, as its next chief executive officer as the Southeast Asian nation’s flagship carrier looks to turn a profit and expand its international network.

Garuda names new CEO as carrier looks to fix finances, expand

Citaglobal Bhd (KL:CITAGLB) said on Friday it has signed an agreement to build a 5.4-megawatt solar plant integrated with a battery energy storage system in Azerbaijan.

Citaglobal to build solar plant in Azerbaijan’s Port of Baku

International law does not apply to Sarawak’s claims over its oil and gas (O&G) resources, according to Gabungan Parti Sarawak (GPS) deputy secretary-general Datuk Ibrahim Baki.

Baki, who served as a legal officer of Petroliam Nasional Bhd (Petronas), and a former non-independent non-executive director of the national oil and gas firm, said this during Sarawak’s Supply Bill 2025 debate in the state legislative assembly.

International law inapplicable to Sarawak’s O&G claims, says GPS deputy secgen

NEWS: Sime Darby unveils brand refresh

<p>WASHINGTON (Nov 14): No major US trading partner manipulated its currency in the year to June 30, the Treasury Department said on Thursday in the Biden administration's final semi-annual currency report before turning over policing of foreign exchange practices to President-elect&nbsp;Donald Trump.</p>


US Treasury finds no currency manipulation by major trading partners, drops Malaysia off its monitoring list

<p>KUALA LUMPUR (Nov 15): A consortium led by Khazanah Nasional Bhd and Employees Provident Fund on Friday made a formal takeover offer for Malaysia Airports Holdings Bhd (KL:AIRPORT) at RM11 per share, after securing relevant regulatory approvals.&nbsp;</p>


Khazanah-EPF consortium launches formal offer for MAHB after receiving nod from regulators

Most read this week - Stay up to date with the biggest news and latest trending topics by checking out the top 10 articles of the week. 

Most read this week

<p>KUALA LUMPUR (Nov 15): Fertiliser manufacturer Cropmate Bhd has unveiled the prospectus for its ACE Market initial public offering (IPO) to raise up to RM52 million, as part of its plan to purchase new factories and expand operations.&nbsp;</p>


Fertiliser firm Cropmate unveils prospectus for RM52 mil IPO, priced at 20 sen apiece

<p>The proposed merger between Bumi Armada Bhd (KL:ARMADA) and MISC Bhd’s (KL:MISC) offshore businesses is expected to result in MISC holding a 68% majority stake in the new entity, with a combined valuation of RM14.6 billion, according to CIMB Securities.</p>


MISC likely to hold 68% stake in Bumi Armada merger, with RM14.6b combined valuation

<p>Gamuda Land, the property arm of Gamuda Bhd (KL:GAMUDA), and Taylor's Education Group have collaborated to establish affordable international schools within Gamuda Land's townships.</p>


Gamuda Land partners with Taylor's Education Group to bring affordable private education to its townships

<p>MR DIY Group (M) Bhd’s (KL:MRDIY) shares fell to their lowest in three months on Friday amid weaker-than-expected third-quarter earnings, prompting analysts to cut their earnings forecasts due to weak consumer sentiment and lower spending power.</p>


MR DIY shares fall to three-month low as quarterly results miss expectations

<p>KUALA LUMPUR (Nov 15): Shares of Metro Healthcare Bhd (KL:METRO) edged higher on Friday in its trading debut on the ACE Market, after the fertility and maternity specialist raised RM39.16 million from its initial public offering (IPO).</p>


Metro Healthcare ekes out tiny gain on ACE Market debut after RM39 mil IPO

<p>KUALA LUMPUR (Nov 15): Malaysia’s central bank on Friday liberalised foreign exchange rules to make it easier for international financial institutions to issue ringgit-denominated bonds and sukuk in the country.</p>


Malaysia eases FX rules to allow foreign financial institutions to sell ringgit bonds

<p>KUALA LUMPUR (Nov 15): Malaysia’s economic growth decelerated in the third quarter as expected though the pace remained brisk, thanks to resilient investments, higher exports and expansion in household spending.</p>


Malaysia’s economy expands a tad slower in 3Q, still on track with 2024 forecast

<p>Malaysian Prime Minister Datuk Seri Anwar Ibrahim’s government faces criticism after it awarded a tender to build the country’s second 5G network to one of the smallest players in the telecommunications industry.</p>


Anwar faces scrutiny over 5G tender pick

<p>KUALA LUMPUR (Nov 15): Shares of Berjaya Food Bhd (KL:BJFOOD) extended decline to their lowest in six weeks on Thursday, after the café-and-restaurant operator reported its fourth consecutive quarter of losses.</p>


Berjaya Food shares extend decline to six-week low after another quarterly losses

<p>Earlier this week on Monday (Nov 11), the High Court formally dismissed the civil forfeiture of shares in Bright Packaging Industry Bhd owned by businessman Datuk Ricky Wong Shee Kai, his lawyers said.</p>


High Court dismisses civil forfeiture of over 5 mil shares owned by Ricky Wong 

<p>Thailand is aiming to legalise casinos next year to draw foreign investments and collect more taxes, a potential win for global operators who have for long canvassing for the legislation to benefit from the country’s status as a tourism hot spot.</p>


Thailand aims to legalise casinos next year in win for global players

<p>SHAH ALAM (Nov 15): S P Setia Bhd (KL:SPSETIA) is launching semi-detached homes, named Ambrosia II, in its ongoing Setia Bayuemas township development at Klang, Selangor, this weekend. The new phase has a gross development value (GDV) of RM69.39 million.</p>


S P Setia to launch RM69.39m semidees in Setia Bayuemas, Klang this weekend

<p>Sime Darby Property (KL:SIMEPROP) will launch its latest condominium development named Kanopi Residences in its 6.5-acre City of Elmina township in Shah Alam on Nov 23.</p>


Sime Darby Property to launch City of Elmina’s first high-rise Kanopi Residences on Nov 23

<p>Lim Guan Eng’s undersea tunnel graft trial scheduled on Friday has been postponed as key witness Datuk Zarul Ahmad Mohd Zulkifli was down with fever and placed on medical leave.</p>


Guan Eng's Penang undersea tunnel graft trial postponed as key witness is unwell

<p>President-elect Donald Trump ruled out giving a post to JPMorgan Chase &amp; Co’s Jamie Dimon in his second-term administration in a jab at the prominent Wall Street chief executive officer.</p>


Trump says no Dimon in administration, picks Kennedy for cabinet

<p>KUALA LUMPUR (Nov 15): A local egg importer company’s libel suit against former minister Datuk Seri Azmin Ali has been dismissed.&nbsp;</p>


Egg importer’s suit against Azmin Ali dismissed

<p>Elon Musk is ramping up his feud with Sam Altman, alleging in a court filing that OpenAI is trying to corner the market for generative artificial intelligence and sacrificing safety in a race to get ahead.</p>
