MQ Market Updates

MQ Market Updates - 18 June 2024

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Publish date: Tue, 18 Jun 2024, 05:32 PM

Sheet metal products manufacturer and scaffoldings supplier BWYS Group Bhd’s (KL:BWYS) initial public offering (IPO) on the ACE Market of Bursa Malaysia is making available 256.3 million new shares, as well as an offer for sale of 100 million existing shares, at 22 sen apiece. (TheEdge)

Berjaya Food Berhad (BFood), which continues to face challenges with its Malaysian Starbucks franchise, is expanding its food and beverage (F&B) business by introducing the South Korean bakery café, Paris Baguette, to Brunei. (NST)

BM Greentech Bhd (BMG) has signed a term sheet with the shareholders of solar firm Plus Xnergy Holding Sdn Bhd (PXH) to acquire the company for RM110 million, to be paid with new shares in BMG. (NST)

Genting Malaysia Bhd's share price opened one sen lower at RM2.55 a share before rebounding, in its first trading day after a fire broke out at Sky Avenue, Resorts World Genting last Friday. (NST)

Berjaya Corp Bhd has inked two memoranda of strategic collaboration in the fields of smart technologies and new energy vehicles (NEV) respectively in an effort to expand across these vital sectors in Malaysia and the broader Asean region. (TheStar)

A total of 89 Malaysian companies, led by Malayan Banking Bhd (Maybank), have made it into Fortune's inaugural list of the Top 500 Southeast Asian countries by revenue. (TheStar)

IOI Corporation Bhd (KL:IOICORP) has appointed Tan Kean Hua as its new deputy chief executive officer effective July 1. (TheEdge)

Notion Vtec Bhd was issued an unusual market activity (UMA) query by Bursa Malaysia Securities Bhd today after the company saw a sharp rise in its share price recently.(NST)

Public Investment Bank (PublicInvest) research has attached a fair value of RM1 to mid-size plantation company, Johor Plantations Group Bhd (JPG) which is set to debut on the Main Market of Bursa Malaysia on July 9, 2024. (NST)

Top Glove Corp Bhd could be poised for a meaningful share price recovery in 2024 as the glove industry's operating dynamics have turned favourable. (TheStar)

Shares of K-One Technology Bhd (KL:K1) rose on Tuesday to its highest in nearly three years, with the contract manufacturer also among the most active on Bursa Malaysia. (TheEdge)

Shares of electronics manufacturing service firm ATA IMS Bhd (KL:ATAIMS) rose on Tuesday to their highest in more than two years. The stock was also the most active on Bursa Malaysia. (TheEdge)

Shares of Techbond Group Bhd (KL:TECHBND) soared on Tuesday to its highest in more than three years after conglomerate PPB Group Bhd (KL:PPB) bought a 15% stake in the adhesive manufacturer. (TheEdge)


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

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