MQ Market Updates

MQ Market Updates - 21 June 2024

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Publish date: Fri, 21 Jun 2024, 05:09 PM

Ann Joo Resources Bhd (KL:ANNJOO) and its consortium partner have bagged a contract worth RM297.90 million from Tenaga Nasional Bhd (KL:TENAGA) for the electrification of East Coast Rail Link (ECRL) feeder stations. (TheEdge)

Agricore CS Holdings Bhd surged 58% as it commenced trading on the ACE Market of Bursa Malaysia after an initial public offering (IPO) exercise that raised RM25.9mil. (TheStar)

Global Infrastructure Partners (GIP) in Gateway Development Alliance (GDA) is confident Malaysia Airports Holdings Bhd (MAHB) will benefit from higher investment, improved service levels and strong passenger growth. (NST)

The Centralised Sustainability Intelligence (CSI) Solution launched by Bursa Malaysia Bhd (KL:BURSA) on Friday will enable companies to improve their climate disclosures and benefit from special funding rates for decarbonisation initiatives from financial institutions. (TheEdge)

Hiap Huat Holdings Bhd's 60%-owned subsidiary KL Bunkering (M) Sdn Bhd has entered into a collaboration agreement with Qastalani Sdn Bhd for the construction of two bitumen storage tanks within the former company's liquid bulk terminal at West Port, Klang. (TheStar)

Scientex Bhd has reiterated a challenging outlook even as the packaging producer registered double-digit expansions in revenue and bottomline in its latest quarter. (TheStar)

Infomina Bhd (KL:INFOM) has secured an order worth US$11.39 million (RM53.6 million) from a bank in Thailand for information technology (IT) support services. (TheEdge)

While Yinson Holdings Bhd anticipates several new floating production storage and offloading (FPSO) projects for its financial year ending Jan 31, 2025 (FY25), concerns linger over its complicated balance sheet statements. (TheStar)

Eco World Development Group Bhd (EcoWorld Malaysia) recorded sales totalling RM2.18bil in the first seven months of financial year 2024 (FY24), representing 62% of its sales target for the financial year. (TheStar)

Source: New Straits TimesThe Edge Markets The Star 21 June 2024 

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Bhd is expected to see a turnaround in its operations in the next few months amid an improving market environment. (TheStar)

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