MQ Market Updates - 11 July 2024

MQ Trader

Publish date: Thu, 11 Jul 2024, 05:22 PM

Azam Jaya Bhd, a Sabah construction company owned by Tan Sri Joseph Lo Tain Foh and his family, has filed for an initial public offering (IPO) on Bursa Malaysia's Main Market. (NST)

BWYS Group Bhd’s initial public offering (IPO) has been oversubscribed by 48.51 times, ahead of its listing on the ACE Market of Bursa Malaysia on July 22. (TheStar)

Keyfield International Bhd said its wholly-owned subsidiary Keyfield Offshore Sdn Bhd has handed over Keyfield Helms 1, a DP2 geotechnical vessel, to Helms Geomarine Sdn Bhd (HGSB) to commence its charter. (TheStar)

Deputy Minister of Plantation and Commodities Datuk Chan Foong Hin on Wednesday officiated the launch of Kuala Lumpur Kepong Bhd's (KL:KLK) new high-purity fatty acids and glycerin plant in Zhangjiagang, Suzhou located in the Jiangsu province of China, bringing the facility’s annual processing capacity to 500,000 tonnes. (TheEdge)

Genting Malaysia Bhd's (KL:GENM) said its subsidiary GENM Capital Bhd has made an early redemption of RM1.3 billion in nominal value from its RM2.4 billion medium term notes (MTN). (TheEdge)

Hextar Capital Bhd has bagged RM97.04 million contract to supply materials, labour, tools and equipment for the construction of student hostels at Universiti Malaysia Kelantan in Bachok. (NST)

Pos Malaysia's partnership with its marketing partner Nuffnang Sdn Bhd has been recognised with industry accolades for their collective digital growth efforts at the recent Malaysian Digital Association's (MDA) Awards 2024 Presentation. (NST)

Eurospan Holdings Bhd's share price jumped to a new all-time high after it announced a special dividend. (NST)

QL Resources Bhd's share price jumped to as much as 4.2 per cent to RM6.81 a share after it proposed a one-for-two bonus issue. (NST)

Financially-troubled Scomi Energy Services Bhd looks to be throwing in the towel after it decided not to proceed with the regularisation plan it announced on January 12, 2024 and terminated the services of its principal advise to the plan. (NST)

The rising global demand for electric vehicles (EVs), which will drive higher light emitting diode (LED) demand, bodes well for LED manufacturer D&O Green Technologies Bhd. (TheStar)

UOB Kay Hian (UOBKH) Research is advising investors to take profit on Bumi Armada Bhd given its recent share price rally, which was related to speculations of a merger between the company and MISC Bhd. (TheStar)

CTOS Digital Bhd’s successful appeal against the recent High Court verdict in a defamation case is expected enhance its appeal to investors. (TheStar)

Theta Edge Bhd's subsidiary Theta Telecoms Sdn Bhd a secured a request for proposal (RFP) contract from the Ampang Jaya Municipal Council (MPAJ) for the supply of cutting-edge Internet of Things (IoT) technology. (TheStar)

The share subscription agreement (SSA) process with Digital Nasional Bhd (DNB), ahead of Malaysia's transition to a dual wholesale network (DWN) model, is going smoothly, even though Telekom Malaysia Bhd (KL:TM) has yet to finalise the agreement, according to Digital Minister Gobind Singh Deo. (TheEdge)

Sime Darby Property Bhd (KL:SIMEPROP) and GSPARX Sdn Bhd, a solar solution provider and a wholly-owned subsidiary of Tenaga Nasional Bhd (KL:TENAGA), have formed a joint venture to carry out rooftop solar projects across Sime Darby Property’s assets and developments. (TheEdge)

Source: New Straits Times, The Edge Markets The Star 11 July 2024