MQ Market Updates
MQ Market Updates - 07 November 2023
Hartalega Holdings Bhd has returned to profitability with a net profit of RM29 million in the second quarter ended Sept 30 2023. (NST)
Sunway Real Estate Investment Trust’s (Sunway-REIT) longer-term prospects remain strong, backed by its aims to grow its asset value to RM14bil by 2027 from RM8.7bil currently. (TheStar)
UEM Sunrise Bhd has topped Residensi AVA, the first phase of its Kiara Bay township in Kepong, last Friday (Nov 3). (TheEdge)
Affordable housing is expected to drive Mah Sing Group Bhd’s prospects despite the cautious outlook on the overall property sector. TheStar)
Gas Malaysia Bhd (Gas Malaysia) will allocate between RM1.2 billion and RM1.4 billion for capital expenditure to build up to 800 kilometres (km) of gas pipelines in Peninsular Malaysia in the next five years. (NST)
Hong Leong Investment Bank Bhd (HLIB Research) believes that Leong Hup International Bhd's stellar earnings performance will sustain into the second half of 2023 (2H23). (NST)
Kerjaya Prospek Group Bhd's third quarter of 2023 (3Q23) core earnings is expected to be eight to 10 per cent higher year-on-year (YoY), backed by higher progress billings and improved labour supply. (NST)
Crescendo Corporation Bhd (CCB) is selling seven parcels of land for RM117.02 million to STT GDC Malaysia 2 Sdn. Bhd. (NST)
Edaran Bhd’s share price hit an 18-month high of 71 sen in Tuesday morning trade, after its unit Edaran IT Services Sdn Bhd won a contract to maintain the Royal Malaysian Customs Department’s operating system and MySST (Malaysia Sales & Services Tax) application worth RM89.88 million (TheEdge)
Source: New Straits Times, The Edge Markets The Star 07 November 2023
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