MQ Market Updates

MQ Market Updates - 6 August 2024

MQ Trader
Publish date: Tue, 06 Aug 2024, 05:21 PM

Elridge Energy Holdings Bhd (EEHB), on route to a listing on Bursa Malaysia's ACE Market on Aug 22, aims to raise RM101.5 million through its initial public offering (IPO). (NST)

Hartalega Holdings Bhd returned to black in the first quarter of financial year 2025 (1QFY25), driven by the recovery in sales volume and increased average selling prices (ASP) during the period. (NST)

Notion VTEC Bhd is optimistic that it is on course to record revenue and profit in the current financial year, off the back of three consecutive quarters of robust growth. (TheStar)

The West Coast Expressway is 93 per cent completed as at March this year and has cost WCE Holdings Bhd an additional RM681.7 million in infrastructure developnent expenditure (IDE). (NST)

German billionaire Andreas Heeschen has ceased to be a substantial shareholder of KNM Group Bhd after disposing of over 61.56 million shares in the company. (NST)

Jati Tinggi Group Bhd has bagged a RM33.8 million job from Gamuda Engineering Sdn Bhd. (NST)

S P Setia Bhd has unveiled Ferrous 3, contemporary double-storey terrace homes, in the vibrant, art-inspired township of Setia AlamImpian in Shah Alam on Aug 3. (TheStar)

Oil and gas services firm Dayang Enterprise Holdings Bhd (KL:DAYANG) will likely post stronger-than-expected results thanks to higher work orders, better vessel utilisation and charter rates, said Phillip Capital. (TheEdge)

Mercury Securities believe Malaysia Airports Holdings Berhad (KL:AIRPORT) (MAHB) offers promising arbitrage trading opportunities with a potential return of around 11% or more, if its share price drops further. (TheEdge)

CIMB Securities is positive on Berjaya Food Bhd's (BFood) expansion into the Nordic market, but flagged its high gearing ratio as a concern. (NST)

Source: New Straits TimesThe Edge MarketsThe Star 6 August 2024

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