MQ Market Updates

MQ Market Updates - 02 October 2023

MQ Trader
Publish date: Mon, 02 Oct 2023, 04:50 PM

Marine & General Bhd (M&G) recorded a net profit of RM7.41 million in the first quarter (Q1) ended July 31, 2023 (1Q24), compared with a net loss of RM947,000 a year ago, on the back of higher revenue and lower depreciation expenses. (NST)

Short selling in Bosutead Plantation Bhd's shares has been suspended until tomorrow, after its share price hit a low of RM1.17 today (NST)

Nestlé (Malaysia) Bhd has partnered with Malaysian Cocoa Board (MCB) to promote sustainable and responsible sourcing, as well as the adoption of regenerative agriculture practices by the farmers involved. (NST)

Malaysia Building Society Bhd (MBSB) has completed the acquisition of the entire equity interest in Malaysian Industrial Development Finance Bhd (MIDF) from Permodalan Nasional Bhd. (TheStar)

Bursa Malaysia saw a net outflow of foreign funds over the past week, in line with the trend over the broader Asia region. (TheStar)

RAM Rating Services Bhd (RAM Ratings) has upgraded AMMB Holdings Bhd’s long-term corporate credit rating and the long-term financial institution ratings of its banking subsidiaries to AA2/P1 from AA3/P1. (TheEdge)

MRCB Land Sdn Bhd’s latest high-rise residential development, named Tujuh Residences in the ongoing 94-acre Kwasa Damansara City Centre (KDCC) project, is now open for preview, according to a press statement on last Friday (Sept 29). (TheEdge)

Shares in Boustead Plantations Bhd (BPlant) fell as much as 27 sen or 18.49% in the morning session on Monday, ahead of the second cut-off date of Oct 6 for the proposed acquisition of the Armed Forces Fund Board (LTAT)-owned plantation group by Kuala Lumpur Kepong Bhd (KLK). (TheEdge)


Source: New Straits Times, The Edge Markets 02 October 2023

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