MQ Market Updates

MQ Market Updates - 26 June 2024

MQ Trader
Publish date: Wed, 26 Jun 2024, 05:25 PM

Prolintas Infra Business Trust (KL:PLINTAS) fell on Wednesday, and was sharply below its initial public offering (IPO) price, after confirming the arrest of some of its directors by the anti-graft agency. (TheEdge)

CIMB Bank Bhd has announced a new set of security features that will be implemented by the end of June, including a new requirement that makes SecureTAC approval mandatory for all fund transfers. (TheStar)

Berjaya Tagar Sdn Bhd, a subsidiary of Berjaya Land Bhd (KL:BJLAND), officially launched an affordable residential project on Wednesday under Berjaya Flagship Affordable Homes (BFAH) called Pangsapuri Azalea in Subang Heights, Subang Jaya, Selangor. (TheEdge)

Passenger traffic at airports run by Malaysia Airports Holdings Bhd (MAHB) has hit a new milestone in May to surpass the peak levels achieved in February this year. (NST)

Sapura Energy Bhd (KL:SAPNRG) has granted chairman Datuk Mohammad Azlan Abdullah leave of absence with immediate effect to allow the 56-year-old to focus on ongoing investigations by the Malaysian Anti-Corruption Commission (MACC) regarding a matter unrelated to the oil and gas engineering group. (TheEdge)

Maybank Investment Bank (Maybank IB) has expanded its product offerings with the launch of its first structured warrants referencing the Hang Seng Index (HSI) futures contracts. (TheEdge)

Hextar Industries Bhd will be transferred from the ACE Market of Bursa Malaysia to the Main Market effective from June 28. (NST)

Investors should not be overly jittery about IOI Properties Group Bhd's gearing level following its move to participate in the joint redevelopment of Shenton House in Singapore, said Hong Leong Investment Bank Bhd (HLIB). (NST) 

Gamuda Bhd has an ambitious strategy to double its revenue to RM30 billion from financial year 2024 (FY24) levels, aiming for a compounded annual growth rate (CAGR) of 20 per cent, CIMB Securities said. (NST)

The Employees Provident Fund (EPF) has become a substantial shareholder in electronic manufacturing services (EMS) provider Aurelius Technologies Bhd (KL:ATECH), with a 7.87% stake. (TheEdge)

Private hospital operator KPJ Healthcare Bhd (KL:KPJ), in which Johor Corp (JCorp) owns a 44.99% stake, plans to add up to 5,000 hospital beds by 2028 as part of the group’s ongoing efforts for adding new beds, which began last year. (TheEdge)

Shares in Astro Malaysia Holdings Bhd (KL:ASTRO) fell to their lowest in five weeks, as analysts flagged tougher days ahead, after the pay-television operator reported weaker-than-expected first-quarter results. (TheEdge)

RHB Retail Research said MESB Bhd (KL:MESB) is posing a bullish setup after climbing above a key resistance. (TheEdge)

RHB Retail Research said CTOS Digital Bhd (KL:CTOS) is eyeing to extend the upside movement after testing the immediate resistance. (TheEdge)

 

Source: New Straits TimesThe Edge Markets The Star 26 June 2024 

Need a Trading Account?

Open a trading account now for FREE with our selected advertiser to enjoy Free Subscription to MQ Trader!


Contact Us

Please do not hesitate to contact us if you have any inquiries:

Facebook: https://www.facebook.com/mqtrader 
Instagram: https://www.instagram.com/mqtrader 
MQ Chat: https://messenger.i3investor.com/m/chatmq 
YouTube: https://www.youtube.com/channel/UCq-26SGjlQTVQfO7DoEihlg 
Email: admin@mqtrader.com

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment