MQ Market Updates

MQ Market Updates - 25 October 2024

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Publish date: Fri, 25 Oct 2024, 05:02 PM

Padini Holdings Bhd (KL:PADINI) announced plans to refurbish nine stores, open four new outlets, and close one location in Malaysia in the current financial year ending June 30, 2025 (FY2025) as part of efforts to streamline its retail operations. (TheEdge)

Uzma Bhd, which has emerged as the second-largest electrical submersible pump (ESP) provider in Thailand, intends to penetrate the Middle East market to further enhance its brand image among oil majors. (TheStar)

OB Holdings Bhd's wholly owned subsidiary has received a dispute notice from a customer, Nature One Dairy (Hong Kong) Ltd (NOD), for allegedly breaching the purchase and supply agreement between the two. (TheEdge)

Shares of DXN Holdings Bhd (KL:DXN) on Friday fell to their lowest since its listing 17 months ago, after the health supplement manufacturer reported another set of weaker-than-expected results. (TheEdge)

Hong Leong Investment Bank Bhd (HLIB Research) has cut Pavilion Real Estate Investment Trust's (REIT) forecast by 5.3 per cent, after it factored in a lower revenue contribution from Pavilion KL. (NST)

Shares in Vitrox Corp Bhd fell in early Friday trade after its latest financial results came in below expectations. (TheStar)

Malaysia Airports Holdings Bhd (MAHB) managing director Datuk Mohd Izani Ghani has been appointed as a director on Airports Council International's (ACI) Asia-Pacific & Middle East regional board for a three-year term from Jan 1, 2025. (NST)

Source: New Straits TimesThe Edge MarketsThe Star 25 October 2024

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