MQ Market Updates

MQ Market Updates - 27 March 2023

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Publish date: Mon, 27 Mar 2023, 05:11 PM

SNS Network Technology Bhd reported a 40.5 per cent jump in net profit to RM16.77 million in the fourth quarter (Q4) ended Jan 31 2023 from RM11.96 million in the third quarter. There are no comparative figures on a year-over-year basis as SNS was listed on the ACE Market of Bursa Malaysia on Sept 2 last year. SNS Network said its revenue soared 46.2 per cent to RM509.86 million from RM348.84 million in Q3. (NST)

Infomina Bhd has received a purchase order (PO) worth US$5.4 million (about RM23.9 million) from the Philippine National Bank (PNB). The PO is valid for three years from March 1 2023 to Feb 28 2026. (NST)

Research houses maintained their positive stance on Malayan Banking Bhd (Maybank) after learning more about its group community financial services (GCFS) business, along with the strategy installed for the respective segments. (ThEdge)

MIDF Research said Eco World Development Group Bhd (EcoWorld) recorded new sales of RM1.346 billion in the first four months of its financial year ending Oct 31, 2023 (FY2023), on track to meet the new sales target of RM3.5 billion for FY2023. (TheEdge)

Genting Bhd and Genting Malaysia Bhd's shares rallied in early trade Monday on a possible exit from the Miami property market with big gains. (TheStar)

Datuk Abdul Razak Abdul Majid has resigned from Petronas Gas Bhd’s board as an independent non-executive director, effective from Monday (March 27).  He joined the group as a director in September 2018. (TheEdge)


Source: New Straits Times, The Edge Markets, The Star 27 Mar 2023

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