MQ Market Updates

MQ Market Updates - 8 October 2024

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Publish date: Tue, 08 Oct 2024, 05:08 PM

Shares in automotive parts and components manufacturer KHPT Holdings Bhd jumped 45% in its debut on the ACE Market of Bursa Malaysia, following an initial public offering (IPO) that raised RM21.73mil. (TheStar)

Shares of Dayang Enterprise Holdings Bhd (KL:DAYANG) rose on Tuesday as investors cheered the latest contracts win, while analysts stayed optimistic on the oil-and-gas services firm’s outlook. (TheEdge)

Uzma Kuala Muda Sdn Bhd, an indirect wholly owned subsidiary of Uzma Bhd, has achieved the commercial operation date (COD) for its 50 megawatt alternating current large scale solar photovoltaic plant under the Large Scale Solar (LSS) Cycle 4 project on Sept 25. (TheStar)

ITMax System Bhd’s subsidiary, Southmax Sdn Bhd, has been appointed by Muar Municipal Council as the smart parking operator, managing 8,650 street parking bays in the Muar district. (TheStar)

Sarawak Oil Palms Bhd's earnings outlook remains bright, backed by its solid fresh fruit bunch (FFB) growth and lower production cost, albeit offset by lower margins from the downstream segment. (NST)

Pertama Digital Bhd's share price continued its free fall at opening, hitting a new 52-week low of 48.5 sen a shares as investors continued to hammer the stock. (NST)

A corporate development is brewing at Public Bank Bhd (KL:PBBANK), sources say, with the country’s third-largest banking group by assets believed to be undertaking a potential acquisition of a related company. (TheEdge)

Yenher Holdings Bhd (KL:YENHER) is now entering a multi-year growth phase that could potentially see the animal health products maker’s earnings double or triple in the coming years, said Hong Leong Investment Bank (HLIB). (TheEdge)

Tuju Setia Bhd has accepted a letter of acceptance from Ampang 210 Sdn Bhd for the proposed design and build of Block C, Gleneagles Hospital at Jalan Ampang, Kuala Lumpur, worth RM317.56mil. (TheStar)

Selangor Dredging Bhd (KL:SDRED) has launched its latest lakeside landed residential development named Senai, located in Taman Putra Perdana, Puchong. (TheEdge)

Source: New Straits TimesThe Edge MarketsThe Star 8 October 2024

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