MQ Market Updates

MQ Market Updates - 4 July 2024

MQ Trader
Publish date: Thu, 04 Jul 2024, 05:17 PM

Ocean Fresh Bhd jumped almost three fold, or as high as 93 sen in the first hour of its trading debut on the ACE Market of Bursa Malaysia today. (NST)

S P Setia Bhd (KL:SPSETIA) will launch Carabella — the latest phase in the CASA Collection series in the 775-acre freehold township of Setia Alamsari, Kajang — on Aug 3.  (TheEdge)

WCT Holdings Bhd, which reached an almost five-year high yesterday,  announced that it is proposing to establish a real estate investment trust (REIT) and list it on the Main Market of Bursa Malaysia. (NST)

SNS Network Technology Bhd has partnered with global health advocate Healthcare Information Management Systems Society (HIMSS) to advance digital healthcare transformation in Malaysia. (TheStar)

Kuala Lumpur Kepong Bhd (KLK) is expected to see improved earnings in the second half of the financial year 2024 (2HFY24) due to strong fresh fruit bunch (FFB) output, lower unit costs, and improving downstream earnings. (NST)

Toyo Ventures Holdings Bhd's share price fell as much as 25 per cent on Thursday after news of the termination of a Vietnam project, which the company said would be delayed, surfaced. (NST)

Naim Holdings Bhd, a pioneering property developer in Sarawak, has sold 180.8 hectares of land in Kuching that was acquired some 16 years ago for RM223.38 million. (NST)

Sunway Bhd is expected to capitalise on the data centre (DC) boom trend through its sale of Johor land to the Singaporean firm Equalbase. (NST)

Mah Sing Group Bhd’s acquisition of a 6.169 acres of land in Taman Desa, Kuala Lumpur for RM108mil is deemed a positive by analysts. (TheStar)

Philip Research reaffirmed its positive outlook on OCK Group Bhd (KL:OCK), projecting significant gains from widespread 5G adoption and a record-breaking year in 2024. (TheEdge)

Construction outfit Jati Tinggi Group Bhd (KL:JTGROUP) said it has secured a RM20.05 million contract to undertake the installation of 33kV underground cables in the southern region of Peninsular Malaysia. (TheEdge) 

 

Source: New Straits TimesThe Edge Markets The Star 4 July 2024

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