MQ Market Updates

MQ Market Updates - 09 November 2023

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Publish date: Thu, 09 Nov 2023, 05:37 PM

Tenaga Nasional Bhd (TNB) has collaborated with Chargeplus Sdn Bhd (Charge+) to explore a ground-breaking cross-border roaming platform to connect their customers to electric vehicle (EV) charging points across Malaysia and Singapore. (TheStar)

Sunway Bhd may see its healthcare unit’s valuation increase following the Ramsay Sime Darby Healthcare-TPG Columbia deal, said analysts from Hong Leong Investment Bank (HLIB) Research and CGS-CIMB Research. (TheEdge)

Westports Holdings Bhd's net profit for the third quarter ended September 30, 2023 (3Q2023) was up 29.7 per cent to RM195 million mainly due to an increase in revenue, reduction in cost of sales and administrative expenses. (NST)

Sime Darby Plantation Bhd (SDP) will progressively shift its focus to India and China and away from the European Union (EU) market as the two nations offer significant potentials to the company. (TheStar)

Malaysia Marine and Heavy Engineering Holdings Bhd (MMHE) posted a net loss of RM105.21 million in its third quarter (Q3) ended Sep 30, 2023 (FY23) dragged by additional cost provisions for ongoing heavy engineering projects and weakening of the ringgit against the US dollar. (NST)

Pharmaceutical company, Duopharma Biotech is still on strong footing despite weaker than expected sales in the third quarter (3Q) of 2023 from the consumer healthcare. (NST)

YTL Power Bhd and YTL Corporation Bhd may both be included in the FTSE Bursa Malaysia KLCI (FBM KLCI) list of constituents, with Dialog Group Bhd and Westports Holdings Bhd on its way out. (NST)

Plenitude Bhd will remain cost-conscious and focused on profitability in order to maintain a strong financial position while ensuring long-term business operations. (NST)

Shares in Hwa Tai Industries Bhd attracted investors' interest in early trade Thursday although the company has not made any major corporate announcements. (TheStar)

Sentral REIT’s net property income (NPI) rose 6.05% to RM30.12 million in the third quarter ended on Sept 30, 2023 (3QFY2023) from RM28.40 million a year ago, underpinned by higher gross revenue, offset by higher property expenses. (TheEdge)


Source: New Straits TimesThe Edge Markets The Star 09 November 2023

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