MQ Market Updates

MQ Market Updates - 17 May 2023

MQ Trader
Publish date: Wed, 17 May 2023, 05:11 PM

AirAsia Malaysia is focusing on strengthening its position in Asia following the three-year slump in the travel industry due to the Covid-19 pandemic. (TheStar)

Sunway Construction Group Bhd's (SunCon) core earnings are anticipated to increase year over year (y-o-y), reaching RM37 to RM40 million. (NST)

Pavilion Real Estate Investment Trust (Pavilion REIT) has fixed its tranche 1 private placement price at RM1.22 per unit to raise some RM720 million. (TheEdge)

DXN Holdings Bhd's net profit fell 20.2 per cent to RM55.17 million in the fourth quarter ended February 28, 2023, from RM69.16 million a year ago. (NST)

Berjaya Land Berhad (BLand) is keen to develop the Kuala Lumpur-Singapore high-speed rail project in addition to other railway-related initiatives in the country and has established Berjaya Rail Sdn Bhd for this reason. (NST)

SP Setia Bhd's net profit for the first quarter (Q1) ended March 31, 2023 (FY23) fell 16.4 per cent to RM55.45 million from RM67.5 million a year ago. (NST)

NTPM Holdings Bhd's cost structure is expected to improve over the financial year 2024 (FY24) to FY25 due to a decline in raw-material prices (pulp paper & plastic) and freight costs, said Affin Hwang Capital Research. (NST)

Paramount Corp Bhd is putting up unit Paramount Property's two Grade A corporate office towers in Petaling Jaya for sale for over RM320 million. (NST)


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

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