MQ Market Updates

MQ Market Updates - 24 October 2024

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Publish date: Thu, 24 Oct 2024, 04:57 PM

MNRB Holdings Bhd's share rose over 6% in early trade on Thursday, making it one of the top gainers on Bursa Malaysia after reporting higher net profit for the second quarter ended September 30 (2Q25). (TheStar)

ACE Market-bound Metro Healthcare Bhd (KL:MHCARE) said it expects a rise in demand for its fertility treatments, as declining birth rates and delayed family planning contribute to higher needs for reproductive assistance. (TheEdge)

Shares of TAS Offshore Bhd (KL:TAS) surged on Thursday to their highest in four months in active trade after the shipbuilder announced contract win for eight tugboats worth RM49.1 million. (TheEdge)

AMMB Holdings Bhd is expected to maintain resilient profits in the upcoming quarter, backed by sequential net interest margin (NIM) expansion, faster loan growth and steady non-interest income (NOII). (TheStar)

Plastic material and resin manufacturer Luxchem Corp Bhd’s (KL:LUXCHEM) net profit for the third quarter fell by more than 26%, mainly due to higher administrative expenses. (TheEdge)

Capital A Bhd’s (KL:CAPITALA) share capital reduction plan would strengthen its financial position and aid the company’s broader restructuring efforts, said an industry consultant and a sell-side analyst. (TheEdge)

Source: New Straits TimesThe Edge MarketsThe Star 24 October 2024

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