MQ Market Updates

MQ Market Updates - 24 July 2023

MQ Trader
Publish date: Mon, 24 Jul 2023, 05:14 PM

Maxis Bhd's decision to take up a stake in 5G network operator Digital Nasional Bhd (DNB) signals industry players' recognition of the platform's cost-effectiveness with them having equal access rights, said BMI Country Risk and Industry Research. (NST)

Betamek Bhd's wholly-owned subsidiary Betamek Electronics (M) Sdn Bhd has secured a RM436.5 million contract to supply electronic parts for Perusahaan Otomobil Kedua Sdn Bhd's (Perodua) new car model. (NST)

A news portal has reported that Telekom Malaysia (TM) will be offering two voluntary separation schemes to its non-executive staff aged 50 and above in a bid to reduce its workforce by at least 500 personnel. (TheStar)

Jentayu Sustainables Bhd's share price shot up to a high of RM1.27 in morning trade today after the company said it is in talks with Japan's Sumitomo Corporation for collaborations in Jentayu's existing projects, and also power plant and renewable power plant projects. (NST)

Lebtech Bhd said the RM55.3 million sub-contract it secured in April this year that involves beach reclamation and shore protection in Kampung Tg Batu Nenasi, Pekan, Pahang, has been mutually terminated. (TheEdge)

Ni Hsin Group Bhd is looking to team up with Australia-listed global scooter manufacturer VMOTO Ltd to assemble, promote and distribute VMOTO high powered electric vehicle (EV) motorcycles branded F01, CPX Pro and TC Max models here. (TheEdge)

 

Source: New Straits Times, The Edge Markets, The Star 24 July 2023

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