MQ Market Updates

MQ Market Updates - 22 September 2023

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Publish date: Fri, 22 Sep 2023, 05:11 PM

Sedania Innovator Bhd has been ordered by the High Court to compensate RM14.52 million to two individuals claiming to own a 49% stake in the group’s consumer healthcare products business. (TheEdge)

Eco World Development Group Bhd (EcoWorld Malaysia) is on track to achieve its financial year 2023 (FY23) full-year sales target of RM3.5bil with RM3.06bil sales recorded in 10 months, representing 87.4% of the target. (TheStar)

Dayang Enterprise Holdings Bhd’s wholly-owned subsidiary Dayang Enterprise Sdn Bhd has received a contract amendment and extension for the provision of Pan Malaysia maintenance, construction and modification contractor for 2018 to 2023 – Package C (East Malaysia). (TheStar)

RHB Bank Bhd is asking financial advisers for proposals for its partnership to sell insurance in its branches, as its deal with an arm of Japan’s Tokio Marine Holdings Inc is set to expire at the end of next year, according to people with knowledge of the matter. (TheEdge)

KESM Industries Bhd's prospect remains challenging given its highly volatile nature in terms of earnings delivery compared to industry peers. (TheEdge)

The appreciation of the market capitalisation of YTL Corp Bhd and its 49%-owned YTL Power International Bhd has raise their chances of being included into the 30-stock FBM KLCI in the upcoming November review, according to Hong Leong Investment Bank (HLIB).


Source: New Straits Times, The Edge Markets 22 September 2023

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