MQ Market Updates
MQ Market Updates - 11 September 2024
Tenaga Nasional Bhd (TNB) today announced an interim dividend of 25 sen per ordinary share for the financial year ending Dec 31, 2024. (NST)
Malayan Banking Bhd (KL:MAYBANK) said on Wednesday that it has invested in Funding Societies — the fintech company that operates a digital funding and debt investment platform for small businesses. (TheEdge)
Semiconductor assembly and test firm Globetronics Technology Bhd was the most actively traded stock today after it took pains to reassure investor all was well with the company after its external auditor, KPMG PLT, resigned. (NST)
Fertility care provider Alpha IVF Group Bhd has commenced operations in China with the opening of a new sales representative office in Shanghai's Huangpu District. (TheStar)
Kerjaya Prospek Group Bhd's wholly-owned subsidiary Kerjaya Prospek (M) Sdn Bhd has secured a contract from Mega Legacy (M) Sdn Bhd, a subsidiary of UEM Sunrise Bhd, for a building project in Batu, Kuala Lumpur, for RM292.8mil. (TheStar)
A proposed new tax on sugary drinks in the upcoming Budget 2025 will affect manufacturers, including Nestlé (Malaysia) Bhd (KL:NESTLE) and Berjaya Food Bhd (KL:BJFOOD), CIMB Securities said. (TheEdge)
Analysts believe Hong Leong Bank Bhd's (KL:HLBANK) 19.76%-owned listed associate Bank of Chengdu's asset quality should remain resilient, due to excellent precautionary and strict measures taken. (TheEdge)
Kenanga Investment Bank Bhd (Kenanga Research) cut Press Metal Aluminium Holdings Bhd's earnings forecast for financial year 2024 and 2024 (FY24/FY25) by 18 and 21 per cent after a fire broke out at its smelting plant. (NST)
Source: New Straits Times, The Edge Markets, The Star 11 September 2024
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