MQ Market Updates

MQ Market Updates - 28 August 2024

MQ Trader
Publish date: Wed, 28 Aug 2024, 05:33 PM

Vetece Holdings Bhd, an enterprise information technology (IT) solutions provider, aims to expand and strengthen its Singapore operations following its listing on the ACE Market of Bursa Malaysia. (NST)

Solar District Cooling Group Bhd aims to raise RM45.09 million from its initial public offering (IPO) en route to a listing on Bursa Malaysia’s ACE Market on Sept 19. (TheStar)

Farm Fresh Bhd's net profit jumped four-fold to RM26 million in the first quarter ended June 30, 2024 (Q1FY25) from RM6.37 million a year ago on the back of higher revenue. (NST)

Tenaga Nasional Bhd (TNB) today signed power purchase agreements (PPAs) with Malakoff Corporation Bhd's subsidiary, Prai Power Sdn Bhd, and Panglima Power Sdn Bhd. (NST)

Shares of Padini Holdings Bhd’s (KL:PADINI) fell on Wednesday to their lowest in more than a year, after the apparel company reported weaker-than-expected quarterly results. (TheEdge)

Leong Hup International Bhd's net profit for the second quarter of the financial year ended June 30, 2024 (2Q FY2024) rose to RM96.49 million from RM65.03 million last year. (NST)

T7 Global Bhd is confident that its energy and industrial solutions segments will continue to drive the group’s performance, supported by multiple projects currently in the pipeline. (TheStar)

Media Prima Bhd, Malaysia's largest integrated media group, continued to stay resilient, achieving a revenue of RM844.0 million for the year ended June 30 2024 despite a challenging economic environment. (NST)

Shares of Johor-based Guan Chong Bhd (KL:GCB) rebounded in early trade on Wednesday from the previous day's aggressive selloff that wiped out RM522.2 million. (TheEdge)

Matrix Concepts Holdings Bhd is looking ahead to the next major phase of transformative growth, underpinned by a development pipeline of more than RM20bil over the next decade. (TheStar)

Malayan Banking Bhd (Maybank) is optimistic of its prospects for the second half of 2024, as it builds on the momentum of a commendable performance in the first half the year. (TheStar)

Citaglobal Bhd (KL:CITAGLB), which is involved in the civil engineering and construction, telecommunications, oil and gas, power generation and manufacturing sectors, plans to team up with Tree Technologies Sdn Bhd, a privately held home-grown electric vehicle maker, to jointly develop a parcel of leasehold industrial land in Gebeng Industrial Estate, Pahang, into an industrial park with green elements. (TheEdge)

K.T.I. Sdn Bhd, a wholly owned subsidiary of KTI Landmark Bhd (KL:KTI), has appointed Knight Frank Property Management Sdn Bhd (KFPM) as the property management firm for its mixed-development project called The Logg in Kota Kinabalu, Sabah. (TheEdge)

Source: New Straits TimesThe Edge MarketsThe Star 28 August 2024

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