MQ Market Updates

MQ Market Updates - 18 September 2024

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Publish date: Wed, 18 Sep 2024, 05:11 PM

Crest Group Bhd, en route to its listing on the ACE Market of Bursa Malaysia, aims to raise RM45.75 million from its initial public offering (IPO). (NST)

Gamuda Bhd is expected to be added to the FBM KLCI in the upcoming semi-annual review of the benchmark index, which is set for Dec 23. (TheStar)

AirAsia X Bhd (AAX) has obtained clearance from Bursa Malaysia for the approval of its EGM circular, detailing its proposed acquisition of Capital A Bhd’s aviation business. (TheStar)

SMRT Holdings Bhd is expected to see growth in its financial year ending June 30, 2025 (FY25), fuelled by its ongoing expansion of infrastructure and technology solutions across Malaysia, Indonesia and the Philippines. (TheStar)

APB Resources Bhd's share price fell more than 21 per cent in the first 15 minutes of trading. (NST)

Pekat Group Bhd (KL:PEKAT) said it has secured a contract worth RM115 million to develop a 29.99MW (megawatt) solar farm in Kinta, Perak. (TheEdge)

Practice Note 17 (PN17) firm Barakah Offshore Petroleum Bhd (KL:BARAKAH) said it has received an offer from a potential buyer for its pipe-laying barge Kota Laksamana 101. (TheEdge)

Scientex Packaging (Ayer Keroh) Bhd (KL:SCIPACK) net profit in the full year ended July 31, 2024 (FY2024) fell 9.43% from a year ago, as the group flagged heightened market competition and freight costs to have impacted its latest quarter earnings. (TheEdge)

Manulife Holdings Bhd has introduced a plan aimed at delivering lifelong security and financial assistance. (NST)

Shares of MyEG Services Bhd (KL:MYEG) rose to a two-month high on Wednesday, after the e-government services firm teamed up with freight forwarders to promote its blockchain-based ZTrade. (TheEdge)

CGS International Research (CGSI Research) is maintaining a positive outlook on Telekom Malaysia Bhd (TM), expecting its overall data revenues, including retail, enterprise and wholesale, to grow at a 4% compound annual growth rate (CAGR) between the financial year ended Dec 31, 2023 (FY23) and FY26. (TheStar)

Source: New Straits TimesThe Edge MarketsThe Star 18 September 2024

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