MQ Market Updates

MQ Market Updates - 18 November 2024

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Publish date: Mon, 18 Nov 2024, 05:10 PM

MMAG Holdings Bhd said Bursa Securities has granted the company a waiver from being classified as an affected listing company pursuant to Guidance Note 3. (TheStar)

Shares of Press Metal Aluminium Holdings Bhd jumped more than eight per cent on Monday, on news that China will end incentives for aluminium product exports. (NST)

I-Berhad reported strong financial results for the third quarter of 2024, driven by substantial earnings growth in its leisure and property segments. (NST)

Shares of Kossan Rubber Industries Bhd (KL:KOSSAN) rose on Monday to their highest in nearly four months, after the glovemaker unexpectedly declared a special dividend despite below-view results. (TheEdge)

CelcomDigi Bhd said its network integration and modernisation efforts are now close to 70% complete, with over 10,500 sites modernised as at end-October 2024. (TheStar)

EA Technique (M) Berhad (KL:EATECH), a marine transportation and offshore storage company, has secured three contract extensions valued at RM63.9 million from Petronas. (TheEdge)

UEM Sunrise Bhd (KL:UEMS) has received development approval for its 0.49ha site in Perth, Australia for a mixed-use development with a gross development value potential of A$450 million. (TheEdge)

Packaging supplier Public Packages Holdings Bhd (PPHB) reported a 13.1 per cent increase in net profit to RM10.7 million for the third quarter (Q3) ended Sep 30, 2024 thanks to cost controls and dividend income from investment activities. (NST)

Ayer Holdings Bhd’s (KL:AYER) Erica Residence in Bandar Bukit Puchong, Selangor has become the first landed property project in Malaysia to achieve the GreenRE Platinum Provisional Certification, according to a press statement on Saturday (Nov 16). (TheEdge)

Global energy and infrastructure technology company, Yinson Holdings Bhd has credited the unwavering support from the Brazilian and Malaysian governments, saying that it has been instrumental to its success. (TheStar)

The offer to privatise Malaysia Airports Holdings Bhd (MAHB) at RM11 per share provides an opportunity for investors to realise immediate gains, said CIMB Securities Sdn Bhd. (TheStar)

CJ Century Logistics Holdings Bhd (KL:CJCEN) is projected to record a quarterly profit of RM2 million-RM2.5 million in its upcoming third quarter ended Sept 30, 2024, driven by improvements in total logistics and procurement logistics services, said TA Securities. (TheEdge)

Source: New Straits TimesThe Edge MarketsThe Star 18 November 2024

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