MQ Market Updates

MQ Market Updates - 28 April 2023

MQ Trader
Publish date: Fri, 28 Apr 2023, 05:13 PM

Supermax Corporation Bhd, which aims to have manufacturing operations in the United States soon, will review and reshuffle its boardroom to align with its global strategy and future direction. (NST)

Capital A Bhd registered strong passenger traffic of 13.2 million for the first quarter (Q1) of the financial year 2023 (FY23) due to the increased operating aircraft and robust travel demand. (NST)

Unisem (M) Bhd is poised for a strong rebound in the upcoming quarters after a drag on earnings in the first quarter (Q1). (NST)

Kossan Rubber Industries Bhd's core losses of RM20.5 million for its first quarter (Q1) financial year 2023 (FY23) is below Hong Leong Investment Bank Bhd's (HLIB Research) and consensus estimates. (NST)

Sime Darby Plantation Bhd (SDP) has formulated a strategy charter for 2023-2027 to drive the company’s growth and sustain its market leadership. (TheStar)

Sunview Group Bhd's subsidiary, Vafe System Sdn Bhd, has entered into a share sale agreement and shareholder agreement with Chua Nyok Chong to acquire a 20 per cent shareholding in Winstar Aluminium Manufacturing Sdn Bhd for RM12.0 million. (NST)

Main Market-bound DXN Holdings Bhd aims to raise about RM121.6mil from the public issue portion of its initial public offering (IPO), which will go towards the repayment of bank borrowings and working capital requirements. (TheStar)

Genting Malaysia Bhd’s proposed US$1.225 billion (RM5.433 billion) land divestment in Miami is set to reinforce the group’s financial strength in its bid for a downstate New York gaming licence. (TheEdge)

Energy infrastructure solutions provider Wah Seong Corp Bhd’s managing director (MD) and group chief executive officer Chan Cheu Leong is retiring and will be succeeded by deputy MD Gian Carlo Maccagno effective July 1. (TheEdge)

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

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