MQ Market Updates

MQ Market Updates - 05 October 2023

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Publish date: Thu, 05 Oct 2023, 04:53 PM

Telekom Malaysia Bhd (TM) has launched new Unifi broadband plans, which include significant price reductions, integrated business solutions, and value-added converged lifestyle services, all aimed at providing more affordable options. (NST)

Boustead Plantations Bhd (BPlant) and Kuala Lumpur Kepong Bhd (KLK) shares were up in morning trade after an initial deal for KLK to buy into BPlant fell through, and Armed Forces Fund Board (LTAT) announced plans for a general offer for BPlant instead. (NST)

Infomina Bhd has secured a RM35.4mil contract from Bangkok Bank Public Co Ltd (BBL) for the provision of technology application and infrastructure operations, maintenance and support services. (TheStar)

Petronas Dagangan Bhd (PetDag) has reiterated its commitment to installing more electric vehicle (EV) charging hubs at its petrol stations nationwide, with the number depending on demand and the number of EVs hitting the road. (TheEdge)

Bursa Malaysia ended the morning trading session higher, lifted by persistent buying among the heavyweights, led by the construction sector. (TheStar)

Hibiscus Petroleum Bhd has proposed a final single-tier dividend of half a sen per existing ordinary share for the financial year ended June 30, 2023, subject to the shareholders’ approval. (TheStar)

Hexza Corp Bhd has announced that it made a gain of RM29.93mil from the sale of an aggregate of 18,000 shares of US-listed tech Nvidia Corp for a total gross cash sum of US$7.9mil or RM37mil in the open market on the Nasdaq stock exchange. (TheStar)

Kossan Holdings (M) Sdn Bhd (KHSB), the largest shareholder of Kossan Rubber Industries Bhd, distributed its 14.35% stake in the public-listed glove manufacturing company to founding family members. (TheEdge)


Source: New Straits Times, The Edge Markets 05 October 2023

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