MQ Market Updates

MQ Market Updates - 1 October 2024

MQ Trader
Publish date: Tue, 01 Oct 2024, 05:15 PM

Beverage manufacturer Life Water Bhd has signed an underwriting agreement with MIDF Amanah Investment Bank Bhd in conjunction with its initial public offering (IPO) on the Main Market of Bursa Malaysia. (TheStar)

Sabah-based major road infrastructure construction company Azam Jaya Bhd has signed an underwriting agreement with Inter-Pacific Securities Sdn Bhd (Interpac) in conjunction with its upcoming initial public offering (IPO) on the Main Market of Bursa Malaysia Securities Bhd. (TheStar)

CIMB Group Holdings Bhd (KL:CIMB), Malaysia's second-largest bank by assets, announced on Tuesday its commitment to extend RM1.5 billion in financing to small and medium enterprises (SMEs) in partnership with Credit Guarantee Corp Malaysia Bhd (CGC). (TheEdge)

Progressive Impact Corporation Bhd (PICORP)'s environmental monitoring, consultancy and services (EMCS) faced unprecedented challenges during Covid-19 but has since bounced back and is now positioned stronger than ever, ready for sustained future growth. (NST)

Shares in Dagang Nexchange Bhd (DNeX) jumped over 16% in early trade Tuesday after announcing a multi-year deal with Google Cloud to provide sovereign cloud services in the country. (TheStar)

Titijaya Land Bhd (KL:TITIJYA) has secured Press Metal Aluminium Holdings Bhd (KL:PMETAL) as the first customer for its centralised labour quarters (CLQ) project called HALO (Housing, Accommodation and Lodging) in Klang Sentral, Selangor. (TheEdge)

Souqa Fintech Sdn Bhd, a non-bank financial institution that is being acquired by HeiTech Padu Bhd, has cut its ties with Mirzan Mahathir. (NST)

Analysts expect Yinson Holdings Bhd’s (KL:YINSON) final quarterly earnings (4QFY2025) to be boosted by its new floating production storage and offloading (FPSO) projects. (TheEdge)

Shares in Astro Malaysia Holdings Bhd (KL:ASTRO) rose on Tuesday to a two-month high after the pay-television operator reported a jump in quarterly net profit. (TheEdge)

Public Investment Bank Bhd has cut its estimate for Cypark Resources Bhd to a net loss of RM16 million for financial year 2025 (FY25) due to prolonged rectification works on the company's waste-to-energy (WTE) segment. (NST)

RHB Investment Bank Bhd (RHB Research) reiterates its positive stance on Samaiden Group Bhd's outlook, after it secured its first contract under the Corporate Green Power Programme (CGPP), reflecting its position in the solar space. (NST)

Source: New Straits TimesThe Edge MarketsThe Star 1 October 2024

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