MQ Market Updates

MQ Market Updates - 26 July 2023

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Publish date: Wed, 26 Jul 2023, 05:07 PM

AirAsia X Bhd’s (AirAsia X) seat capacity surged by over 26 times year-on-year (y-o-y) to 818,422 seats in the second quarter of 2023 (2Q 2023) from 30,537 seats in 2Q 2022. (TheStar)

Daythree Digital Bhd's share price soared on its debut on the ACE market, opening 65 sen, or a 116 per cent higher than its initial public offering (IPO) price of 30 sen. (NST)

Alliance Bank Malaysia Bhd is targeting an eight to 10 per cent loan growth for the financial year ending March 31, 2024 (FY2024) against FY2023’s 6.2 per cent. (TheStar)

Pharmaniaga Bhd expects to have a clear plan to get operations back to  "normal" by year end. Executive committee chairman Ahmad Shahredzuan Mohd Shariff said the company will come up with a regularisation plan in the third quarter this year and is progressing well. (NST)

Hong Leong Investment Bank (HLIB) Research is cautious on IJM Corporation Bhd's move into Pestech International Bhd as a strategic shareholder, as it hinges on its success in reviving the company. (NST)

Solarvest Holdings Bhd has secured a contract from Dexcom Malaysia Sdn Bhd to install a 3.6 megawatt-peak (MWp) solar photovoltaic (PV) system at its manufacturing facility in Batu Kawan, Penang. (TheStar)

The Control of Smoking Products for Public Health Bill 2023 is a key factor to watch out for in British American Tobacco (M) Bhd’s (BAT) earnings growth in the near term. (TheStar)

A substantial shareholder of EA Holdings Bhd has called for an extraordinary general meeting (EGM) to remove six directors and replace them with four new candidates. (TheEdge)


Source: New Straits Times, The Edge Markets, The Star 26 July 2023

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