MQ Market Updates

MQ Market Updates - 28 March 2023

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Publish date: Tue, 28 Mar 2023, 05:53 PM

Astro Malaysia Holdings Bhd will continue to invest in long-term and sustainable growth, focusing on content, broadband, streaming, addressable advertising, customer experience, data and technology, while prudently managing costs. (TheStar)

Lim Seong Hai Capital Bhd will continue to implement its growth strategy and pursue other future opportunities to enhance its RM775.0 million outstanding construction work orderbook. LSH today received shareholders' nod to diversify its business to property development, and acquire Astana Setia Sdn Bhd. (NST)

Sarawak Consolidated Industries Bhd (SCIB) has bagged an engineering, procurement, construction and commissioning (EPCC) subcontract valued at RM16.8 million from Majestika Sdn Bhd. The civil engineering specialist said its unit SCIB Industrialised Building System Sdn Bhd had secured the subcontract to build a school in Kota Samarahan, Sarawak over 14 months. (NST)

Infomina Bhd has received a purchase order (PO) of US$5.4mil (RM23.88mil) from the Philippine National Bank (PNB) for technology application as well as infrastructure operations, maintenance and support services, to be provided by its subsidiary Infomina Philippines Inc. (TheStar)

Meta Bright Group Bhd said five mosques and surau in Johor have signed up to the solar programme with its wholly-owned subsidiary, FBO Land (Setapak) Sdn Bhd. (TheStar)

CGS-CIMB Research views Gamuda Bhd's plan to develop Winchester House in the UK via a joint venture (JV) as a positive move, given the company's minimal capital outlay and potentially attractive future earnings potential. (NST)

EVD Bhd will undertake a special Bumiputera issue of 132.32 million new shares in order to comply with the Bumiputera equity condition set by regulators. (TheEdge)


Source: New Straits Times, The Edge Markets, The Star 28 Mar 2023

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