MQ Market Updates

MQ Market Updates - 03 April 2024

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Publish date: Wed, 03 Apr 2024, 05:16 PM

Palm oil milling systems company Dolphin International Bhd has aborted a six-month plan for a proposed rights issue to raise up to RM13.4 million for working capital. (NST)

Engineering solutions provider Kawan Renergy Bhd on Wednesday signed an underwriting agreement with M&A Securities for its upcoming initial public offering (IPO) on the ACE Market of Bursa Malaysia. 

Mobile healthcare services company UCrest Sdn Bhd has entered into a business partnership agreement with MDC Asia Link Bhd to digitalise the latter’s dental clinic chain with artificial intelligence (AI) and Internet of Medical Things (IoMT). (TheStar)

Dagang Nexchange Bhd’s (Dnex) subsidiary in the United Kingdom has added three new North Sea oilfield licences to its portfolio. (TheStar)

Keyfield International Bhd is poised to chart growth following its initial public offering driven by fleet expansion, expansion of service offerings, and continuous enhancement of its own vessels' capabilities. (NST)

CIMB Securities Sdn Bhd is optimistic on MISC Bhd's three 15-year contracts with QatarEnergy for liquefied natural gas (LNG) carriers, which starts in 2026. (NST)

Binastra Corp Bhd's shares will be reclassified under the construction sector and sub-sector with effect from April 8, 2024, Bursa Securities announced in a filing today. (TheStar)

Cypark Resources Bhd is expected to incur a wider net loss of RM37 million in the financial year 2024 (FY24), according to Maybank Investment Bank Bhd (Maybank IB). (NST)

FGV Holdings Bhd could be ready to submit a petition to the US Customs and Border Protection (USCBP) within the next couple of months as the independent assessment of the plantation's group's remediation plan is almost at an end. (TheStar)

Zen Tech International Bhd's share price jumped as much as 66.67 per cent to reach 2.5 sen after it said it will take a 70 per cent stake in Alpha Fintech Sdn Bhd for RM10 million cash. (NST)

TA Securities has assigned a target price-earnings (PE) multiple of 12 times to ACE Market-bound total surface decorative products company Topmix Bhd and arrived at a fair value of 36 sen. (TheEdge)

MSM Malaysia Holdings Bhd stands to benefit from the normalisation of sugar ceiling prices after the implementation of targeted subsidies, according to MIDF Research. (TheEdge)


Source: New Straits TimesThe Edge Markets The Star 03 April 2024 

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