Oil and gas service provider Steel Hawk Bhd (KL:HAWK), which has transferred its listing to the ACE Market of Bursa Malaysia via an initial public offering (IPO), said the group is bidding for more long-term Petroliam Nasional Bhd (Petronas) contracts and expanding its renewable energy business. (TheEdge)

Short selling in UWC Bhd has been suspended again after its share price dropped more than 15 per cent. (NST) 

The intraday short selling (IDSS) of D & O Green Technologies Bhd’s shares has been suspended for the rest of the day after its last done price dropped more than 15% or 15 sen from its reference price. (TheStar)

UMediC Group Bhd (UMC) is expected to achieve core profit after taxation and minority interests (PATMI) growth of about 25 per cent in the financial year 2025 (FY25), driven by an increase in production capacity for HydroX. (NST)  

Inta Bina Group Bhd via its wholly-owned subsidiary Inta Bin Sdn Bhd has secured a RM96.55mil contract from Sime Darby Property (Bukit Raja) Sdn Bhd for the construction of business service apartments in Putra Heights, Damansara, in Petaling, Selangor. (TheStar)

YTL Corporation Bhd's share price hit the lowest of RM2.63 today, down 12.3 per cent or 37 sen following investigations by the Malaysian Anti-Corruption Commission on the 1BestariNet project involving an indirect unit, YTL Communications Sdn Bhd (YTL Comms). (NST)

Shares of YTL Power International Bhd (KL:YTLPOWR) extended their decline on Thursday, after the company said one of its subsidiaries has been questioned by the Malaysian anti-graft agency. (TheEdge)

Stiff competition and weak domestic demand in China remains a major concern for Petronas Chemicals Group Bhd (PetChem). (TheStar)

Binastra Corporation Bhd's (formerly known as Comintel Corporation Bhd) unit has received a RM283.3mil contract for the main building works of a major residential development in Taman Desa, Kuala Lumpur. (TheStar)

IHH Healthcare Bhd's proposed RM3.9 billion cash acquisition of Island Hospital Sdn Bhd (IHSB), a Penang-based facility with a potential capacity of 600 beds, from Comprehensive Care Sdn Bhd, is viewed positively by analysts. (NST) 

Hong Leong Investment Bank (HLIB) has trimmed the valuation, and in turn its target price (TP), of Notion VTec Bhd (KL:NOTION), despite a decent set of earnings figures for the third quarter ended June 30, 2024 (3QFY2024). (TheEdge)

Source: New Straits Times, The Edge Markets, The Star 5 September 2024

Need a Trading Account?

Open a trading account now for FREE with our selected advertiser to enjoy Free Subscription to MQ Trader!

Contact Us

Please do not hesitate to contact us if you have any inquiries:

Facebook: https://www.facebook.com/mqtrader 
Instagram: https://www.instagram.com/mqtrader 
MQ Chat: https://messenger.i3investor.com/m/chatmq 
YouTube: https://www.youtube.com/channel/UCq-26SGjlQTVQfO7DoEihlg 
Email: admin@mqtrader.com