MQ Market Updates

MQ Market Updates - 18 April 2024

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Publish date: Thu, 18 Apr 2024, 05:09 PM

Sin-Kung Logistics Bhd aims to raise RM26mil from its initial public offering (IPO) en route to a listing on the ACE Market of Bursa Malaysia. (TheStar)

Food and supplement company OB Holdings Bhd said on Thursday that it has secured approval from Bursa Malaysia for an initial public offering (IPO) on the bourse’s ACE Market, to raise funds for expansion. (TheEdge)

RHB Banking Group plans to raise its allocation for sustainable financial services to RM50 billion by 2026. (NST)

HeiTech Padu Bhd plans to raise almost RM23 million from a private placement of 10.1 million shares for working capital. (NST)

Feytech Holdings Bhd has entered into an underwriting agreement with TA Securities Holdings Bhd and AmInvestment Bank Bhd for the company's initial pulic offering (IPO) on the Main Market of Bursa Malaysia. (TheStar)

UMediC (UMC) Group Bhd is well-positioned to expand its manufacturing capacity because of the high demand for its products.  (NST)

Axiata Group Bhd's Sri Lankan unit Dialog Axiata PLC will acquire rival telco Airtel Lanka from Bharti Airtel Limited in exchange for 10.355% of the total issued shares in Dialog. (TheStar)

Research analysts covering IGB Real Estate Investment Trust (IGB REIT) remained sanguine on the stock’s prospects after it reported a 4.79% jump in its net property income (NPI) for the first quarter ended March 31, 2024 (1QFY2024) to RM124.24 million, from RM118.55 million a year earlier, thanks largely to higher rental income. (TheEdge)

Shares of PIE Industrial Bhd extended its rally to a new all-time high on Thursday, after Kenanga Investment Bank flagged that the electronic services firm has secured a new client that will take up the entirety of its largest facility. (TheEdge)


Source: New Straits TimesThe Edge Markets The Star 18 April 2024 

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