MQ Market Updates

MQ Market Updates - 29 March 2023

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Publish date: Wed, 29 Mar 2023, 05:09 PM

Aurelius Technologies Bhd's (ATB) recent earnings were positively driven by the ramping up of operations in Plant 3 and new production lines, increasing overall production volume and revenue across all business segments. (NST)

Automated manufacturing solutions provider ECA Integrated Solution Bhd (EIS) posted a net profit of RM4.1 million for the first quarter (Q1) of the financial year ending January 31, 2023 (FY23), translating into a healthy net profit margin of 38.7 per cent. (NST)

Petronas Dagangan Bhd (PetDag) has lodged with the Securities Commission of Malaysia sukuk wakalah programmes to raise funds for its investments, capital expenditure, working capital requirements and refinancing of existing borrowings or future financing. (TheEdge)

MGB Bhd, a subsidiary of LBS Bina Group Bhd, has launched Pangsapuri Saujana Indah, a new residential development that offers affordable and convenient living in Johor Bahru. (NST)

Pharmaniaga was granted a concession agreement to supply public health facilities with medicines and medical supplies by the Ministry of Health that is slated to expire in June this year. The government may have to be open to the possibility of allowing other providers to supply and distribute medicines in the public health sector as it has proved too risky to depend on a single provider, said the Malaysian Medical Association (MAA). (TheEdge)

Hong Leong Investment Bank Bhd (HLIB Research) is upbeat on Sunway REIT's (SunREIT) target to reduce greenhouse gas (GHG) output by 45 per cent by 2030 through its Green Lease Partnership Programme. The programme aimed to reduce Scope 3 emissions of its properties. (NST)

The trading stock of Apollo Food Holdings Bhd jumped 23 sen or 5.9% to RM4.13 a share at the opening bell following the release of a positive financial performance. (TheStar)

 

Source: New Straits Times, The Edge Markets, The Star 29 Mar 2023

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