MQ Market Updates

MQ Market Updates - 28 July 2023

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Publish date: Fri, 28 Jul 2023, 05:18 PM

Capital A Bhd's consolidated airlines comprising the Malaysia, Thailand, Indonesian and Philippines divisions of AirAsia registered a load factor of 88% in the second quarter of the year. (TheStar)

Financially distressed Pharmaniaga Bhd has been denied a second standalone private placement to raise funds by Bursa Securities, on the basis that as a Practice Note 17 company, it should be a part of its proposed regularisation plan, which is yet to be submitted. (NST)

CTOS Digital Bhd expects its subsidiaries and business segments to continue with the growth momentum on the back of the continued recovery of the Malaysian and regional economies. (TheStar)

Malakoff Corp Bhd has been named as the Company of the Year (Energy) for Sustainable Leadership Award at the Sustainability and CSR Malaysia Awards 2023. (TheEdge)

Unisem (M) Bhd said it is expecting muted performance as the macroeconomic environment remains challenging for the semiconductor services provider. (TheStar)

Auro Holdings Bhd (AHB) has shown a positive earnings turnaround for the first quarter (Q1) ended May 31, 2023 (FY23), with a net profit of RM42,000 from a net loss of RM2.75 million in Q1 FY22. (NST)

Bina Puri Holdings Bhd's (BPH) 49 per cent-owned joint venture company, Chun Yang Bina Puri (JV) Sdn Bhd, has bagged a contract from Tokoh Ilham Sdn Bhd for a project under the public works department. (NST)

Earnings for Pantech Group Holdings Bhd are expected to remain steady on the back of higher oil and gas (O&G) projects. (TheStar)

Lotte Chemical Titan Holding Bhd expects the outlook for the petrochemical industry to remain volatile. In the second quarter ended June 30, Lotte reported a wider net loss of RM313.5mil against RM145.9mil last year. (TheStar)

Citaglobal Bhd, together with its subsidiary companies and Abu Dhabi Future Energy Co PJSC, have signed a memorandum of understanding for the joint development of renewable energy projects. (TheStar)


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

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