MQ Market Updates
MQ Market Updates - 3 October 2024
Sunway Bhd shares on Bursa Malaysia went up in the early session today after it announced plans to buy a 7.11-hectare (ha) prime land in Cheras for RM320 million, earmarking it for mixed-use development. (TheStar)
MMAG Holdings Bhd will submit an application for a waiver from being classified as an affected listed issuer after it triggered the Guidance Note 3 (GN3) criteria. (NST)
KIP Real Estate Investment Trust (KIP-REIT) has secured shareholders’ approval to acquire DPulze Shopping Centre in Cyberjaya for RM320mil. (TheStar)
Pertama Digital Bhd (PDB) is unaware of the reasons behind the recent dip in its stock prices, but assures stakeholders that it remains strong and well-positioned for sustainable growth, according to executive director Sabri Ab Rahman. (TheStar)
Eco World Development Group Bhd’s (EcoWorld Malaysia) Quantum Edge business park (QEBP) is expected to be a positive earnings driver for the company. (TheStar)
Press Metal Aluminium Holdings Bhd’s (KL:PMETAL) earnings in the third quarter could be softer, partly due to stronger ringgit that weighs on its exports receipts, RHB Investment Bank (RHB IB) flagged. (TheEdge)
Velesto Energy Bhd has completed its mandatory five-yearly special periodical survey (SPS) for its jack-up rig, Naga 6, in the Labuan shipyard. (NST)
IJM Land Bhd will launch the first phase of Batiq @ S2 Heights Aman in Seremban, Negeri Sembilan, with 82 two-storey linked homes in the first quarter of 2025.The overall 20-acre Batiq project will have 177 units of linked homes with a gross development value (GDV) of RM173 million. (TheEdge)
Source: New Straits Times, The Edge Markets, The Star 3 October 2024
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