MQ Market Updates

MQ Market Updates - 30 September 2024

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Publish date: Mon, 30 Sep 2024, 05:11 PM

Epicon Bhd is proposing to acquire precast and prestressed concrete firm Concrete Empire Sdn Bhd (CESB) for RM24.5mil. (TheStar)

Yinson Holdings Bhd posted a lower net profit of RM203 million during the second quarter (2Q) ended July 31, 2024 (FY 2025), compared with RM230 million in the same quarter last year. (TheStar)

Gamuda Bhd’s shares declined in early trade on Monday, despite securing a RM702mil contract in Australia, amid a weak broader market. (TheStar)

ACE Market-bound Crest Group Berhad is optimistic about its long-term outlook, driven by its strong competitive position in the industry, according to managing director Lim Siong Wai. (NST)

Uzma Bhd’s (KL:UZMA) unexpected proposed dividend, its first in 10 years, signals a sustainable outlook for the oil and gas services firm, Phillip Capital said on Monday. (TheEdge)

Analysts foresee a substantial rise in deposits at Affin Bank Bhd (KL:AFFIN) after the Sarawak government raised total ownership in the bank to 31%, becoming its largest shareholder. (TheEdge)

Oriental Interest Bhd (KL:OIB) launched its latest affordable housing project named Putra Idaman at Desa Pinggiran Putra on Saturday (Sept 28), in collaboration with Permodalan Negeri Selangor Bhd (PNSB), through its subsidiary PNSB Construction Sdn Bhd. (TheEdge) 

Mirzan Mahathir has exited online payment platform Souqa Fintech Sdn Bhd, after HeiTech Padu Bhd's (HeiTech) subsidiary emerged as a substantial shareholder in the platform. (NST)

Source: New Straits TimesThe Edge MarketsThe Star 30 September 2024

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