MQ Market Updates
MQ Market Updates - 5 August 2024
Shares of construction and property group WCT Holdings Bhd (KL:WCT) plunged to their lowest in one month, after the stock exchange suspended intraday short-selling activities of the stock on Monday morning. (TheEdge)
Plytec Holding Bhd's wholly-owned subsidiaries PLYTEC Formwork System Industries Sdn Bhd and Sudut Swasta Sdn Bhd have secured multiple sales contracts with a combined value of RM22.1mil. (TheStar)
Mah Sing Group Bhd's venture into the data centre sector is projected to contribute RM60 million to the company's earnings before interest, taxes, depreciation, and amortisation (EBITDA) for the fiscal year 2026 (FY26). (NST)
The Port of Tanjung Pelepas (PTP), a joint venture between MMC Corporation Bhd and APM Terminals, has set a new record by handling 1.1 million twenty-foot equivalent units (TEUs) in a month without experiencing congestion. (NST)
Nestle Malaysia Bhd has brought back the nation's largest futsal tournament, MILO Hidup Bola, for its 18th edition. (NST)
Berjaya Food International (BFI), the international arm under Berjaya Food Bhd (BFood) has been granted the rights to operate its Starbucks stores in Iceland, Denmark and Finland. (TheStar)
Uzma Bhd’s earnings prospects remain solid and could grow by up to 30% in the financial year 2024 (FY24), says Phillip Capital Research. (TheStar)
Gas Malaysia Bhd (KL:GASMSIA) is expected to post another “strong set” of quarterly results in the end-June quarter, on the back of higher gas selling prices, said Kenanga Investment Bank Bhd (Kenanga IB). (TheEdge)
Source: New Straits Times, The Edge Markets, The Star 5 August 2024
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