MQ Market Updates

MQ Market Updates - 17 March 2023

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Publish date: Fri, 17 Mar 2023, 05:08 PM

Sunway REIT Management Sdn Bhd has entered into a conditional sale and purchase agreement with Employees Provident Fund's (EPF) wholly owned subsidiary, Kwasa Properties Sdn Bhd to acquire six Giant hypermarkets/retail complexes for RM520 million. (NST)

Lebtech Bhd's wholly owned subsidiary Lebtech Construction Sdn Bhd has secured an RM29.53mil construction contract from Brighton Land Sdn Bhd for a development in Section U13 in Shah Alam. (TheStar)

UWC Bhd’s shares were up in early trade, despite posting lower earnings for the second quarter of its financial year ending July 31, 2023 (2QFY2023) due to higher costs and foreign exchange (forex) losses. (TheEdge)

Higher energy prices and a suboptimal industry utilisation rate, combined with the fact that customers are still refusing to commit to bulk orders as the demand-supply dynamics remain imbalanced, have caused Top Glove Corporation Bhd's first-half (1H) FY23 earnings to miss RHB Research's and the consensus target. (NST)


Source: New Straits Times, The Edge Markets, The Star 17 Mar 2023

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