MQ Market Updates

MQ Market Updates - 19 September 2023

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Publish date: Tue, 19 Sep 2023, 05:08 PM

CAPITAL A Bhd needs up to 50 new wide-body aircraft to turn AirAsia and its long-haul carrier arm AirAsia X Bhd into a low-cost version of world-renowned Qatar Airways and Emirates. (NST)

Yinson Holdings Bhd has partnered with CelcomDigi Bhd to leverage its network as Yinson looks to promote adoption of clean energy solutions throughout the country through EV charging stations, e-bikes and solar infrastructure integration. (TheEdge)

Bursa Malaysia Bhd has inked a memorandum of understanding with the stock exchanges of Indonesia and Thailand to explore the establishment of an inter-regional environmental, social and governance (ESG)-linked ecosystem that drives business value creation and fosters sustainable development in Asean. (TheStar)

CelcomDigi Bhd is still in discussions with the government with regards to its participation in Malaysia's 5G network. (TheEdge)

Mercury Securities Group Bhd made its debut on the ACE Market of Bursa Malaysia at 27 sen a share, representing a premium of 8% over the initial public offering (IPO) price of 25 sen a share. (TheStar)

Pensonic Holdings Bhd chairman Datuk Seri Chew Weng Khak @ Chew Weng Kiak has disposed of a 10.34% stake in the electrical home appliances maker for RM10.27 million. (TheEdge)

RHB Investment Bank has revised up its earnings forecasts for Dayang Enterprise Holdings Bhd by 14%-25% for the financial year ending Dec 31, 2023 (FY2023)-FY2025, on the back of stronger offshore topside maintenance services contributions and resilient work orders until the third quarter of FY2023 (3QFY2023). (TheEdge)

Scientex Packaging (Ayer Keroh) Bhd, formerly known as Daibochi Bhd, saw its net profit slump 98.7% to RM149,000 in the fourth quarter ended July 31, 2023 (4QFY2023) from RM11.4 million a year earlier, due to higher goodwill impairment of RM22.71 million for its operations in Myanmar. (TheEdge)

Kuala Lumpur Kepong Bhd (KLK) acquired an additional 1.34 million Boustead Plantations Bhd (BPlant) shares from the open market on Monday, according to a Bursa Malaysia filing on Tuesday. (TheEdge)


Source: New Straits Times, The Edge Markets, The Star 19 September 2023

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