MQ Market Updates

MQ Market Updates - 17 May2024

MQ Trader
Publish date: Fri, 17 May 2024, 05:10 PM

ITMAX System Bhd has obtained a contract extension valued at RM105.3 million from Kuala Lumpur City Hall (DBKL). (NST)

BWYS Group Bhd has entered into an underwriting agreement with M&A Securities Sdn Bhd for its initial public offering (IPO) on the ACE Market of Bursa Malaysia. (TheStar)

Sarawak Cable Bhd (KL:SCABLE) said that the memorandum of agreement (MOA) between the company and Serendib Capital Ltd (Serendib) had been validly terminated. (TheEgde)

Shares of Hup Seng Industries Bhd (KL:HUPSENG) climbed to their highest in nearly three years after the biscuit maker reported that its net profit surged 45% year-on-year in the first quarter. (TheEdge)

Iconic Worldwide Bhd's subsidiary Iconic Medicare Sdn Bhd (IMED) is suing Jovian Apparel Sdn Bhd for an alleged unpaid amount of RM4.96 million for face masks supplied to the retailer. (NST)

Malaysian Pacific Industries Bhd's (MPI) results for the nine months ended March 31, 2024 (9MFY24) came in within expectations, accounting for 70 per cent and 76 per cent of Affin Hwang Capital and street estimates respectively.  (NST)

SP Setia Bhd should see bumper earnings for financial year 2024 (FY24) due to the expected substantial gains from two land sales in Johor, said Hong Leong Investment Bank Bhd (HLIB). (NST)

Maxis Bhd is guiding for a low single-digit increase in service revenue in 2024 while earnings before interest, tax, depreciation and amortisation (Ebitda) is expected to remain unchanged. (TheStar)

Rakuten Trade said Poh Kong Holdings Bhd (KL:POHKONG) is back on the radar after it pushed out from the pennant pattern with a long white candle on Thursday. (TheEdge)

Hong Leong Investment Bank (HLIB) Research said the anticipated rebound in construction activities, particularly in railway projects, is expected to generate more contract opportunities for companies like Econpile Holdings Bhd (KL:ECONBHD). (TheEdge)

Shares in DKSH Holdings (Malaysia) Bhd (KL:DKSH) rose to their highest in nearly a year, after the products distribution company reported stronger-than-expected quarterly results. (TheEdge)


Source: New Straits TimesThe Edge Markets The Star 17 May 2024 

Need a Trading Account?

Open a trading account now for FREE with our selected advertiser to enjoy Free Subscription to MQ Trader!

Contact Us

Please do not hesitate to contact us if you have any inquiries:

MQ Chat: 

Related Stocks
Market Buzz
More articles on MQ Market Updates
Be the first to like this. Showing 0 of 0 comments

Post a Comment