MQ Market Updates

MQ Market Updates - 28 November 2024

MQ Trader
Publish date: Thu, 28 Nov 2024, 05:24 PM

Carlo Rino Group Bhd (KL:CRG) is selling its shares at 27 sen apiece in an initial public offering (IPO) that could raise over RM46.4 million, according to its prospectus unveiled on Thursday. (TheEdge)

Investors snapped up shares of fertiliser firm Cropmate Bhd at its initial public offering (IPO) with the public tranche oversubscribed nearly 85 times. (TheEdge)

Nationgate Holdings Bhd's share price fell 36 sen, or  a one month low of RM1.99 today, suspending intra-day short-selling for the stock. (NST)

Shares of Kerjaya Prospek Group Bhd (KL:KERJAYA) climbed to their highest in eight years, following an unexpected special dividend following third-quarter results. (TheEdge)

Malayan Banking Bhd (Maybank)’s earnings in the third quarter ended Sept 30 (3Q24) came within analysts’ expectations on the back of better total income and lower loan loss allowances. (TheStar)

Genting Plantations Bhd’s (KL:GENP) third quarter net profit rose a marginal 3.15% from the same quarter a year earlier despite lower revenue, thanks to higher other income due to the impact of foreign currency fluctuations on the group’s US dollar denominated cash reserves and borrowings. (TheEdge)

IJM Corp Bhd’s (KL:IJM) net profit for the second quarter ended Sept 30, 2024 (2QFY2025) fell 20.8% to RM74.21 million from RM93.69 million a year earlier, due to higher unrealised foreign exchange (forex) losses. (TheEdge)

Chin Hin Group Bhd (KL:CHINHIN) more than doubled its net profit for the third quarter thanks to revenue from newly-acquired subsidiaries that significantly boosted its overall gross margin. (TheEdge)

Media Prima Bhd has recorded a revenue of RM194.9 million in the first quarter of financial year 2025 (1QFY25), demonstrating resilience in a challenging market environment. (NST)

TIME dotCom Bhd (KL:TIMECOM) has reported a 44.93% decline in third-quarter net profit to RM58.71 million, from RM106.60 million a year earlier, due mainly to a foreign exchange (forex) loss. (TheEdge)

Inari Amertron Bhd (KL:INARI) reported a 71.6% drop in net profit for the July-September period, dragged by a foreign exchange (forex) loss of RM53.3 million, following a steep drop in the US dollar against the ringgit. (TheEdge)

Farm Fresh Bhd's (KL:FFB) net profit more than doubled in the second quarter ended Sept 30, 2024 (2QFY2025), as contributions from Inside Scoop, Sin Wah and profitable Australian operations were boosted by decreased dairy raw material costs. (TheEdge)

Source: New Straits TimesThe Edge MarketsThe Star 28 November 2024

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