MQ Market Updates

MQ Market Updates - 8 August 2024

MQ Trader
Publish date: Thu, 08 Aug 2024, 05:12 PM

Automation solutions and engineering services provider, 3REN Bhd has received approval to list on Bursa Malaysia's ACE Market. (NST)

Enterprise software firm Vetece Holdings Bhd on Thursday launched its initial public offering (IPO) on the ACE Market which would raise RM34.3 million. (TheEdge)

Heineken Malaysia Bhd shares climbed in early trade Thursday following an earnings report that matched analysts' expectations. (TheStar)

I-Berhad's net profit increased to RM5.4 million in the second quarter ended June 30, 2024 (Q2 2024), compared with RM1.8 million in the same quarter last year. (NST) 

S P Setia Bhd (KL:SPSETIA) has announced the completion of its land disposal, involving 500 acres of freehold land in Glengowrie, Semenyih, to three of Mah Sing Group Bhd’s (KL:MAHSING) wholly-owned subsidiaries for RM392 million, cash. (TheEdge)

Malayan Banking Bhd (Maybank) is projecting a 20 per cent increase in sales and points redeemed with enhanced redemption benefits during its four-day Treats Fair 2024 that runs from today. (TheStar)

RHB Investment Bank Bhd said the potential disposal of Wisma Sentral Inai remains a key rating catalyst for Sentral Real Estate Investment Trust (Sentral REIT). (NST)

Phillip Capital Research is positive on Uzma Bhd’s latest contract win from PTTEP Sarawak Oil Ltd. (TheStar)

Hartalega Holdings Bhd’s return to the black in the first quarter of financial year 2025 (1Q25) reflects encouraging growth for the world’s largest nitrile medical glove producer, amid signs of recovery in demand in the glove industry. (TheStar)

Cape EMS Bhd (KL:CEB) managing director and chief executive officer Christina Tee Kim Chin further trimmed her stake by 11.6% after selling shares worth RM44.86 million in the electronic manufacturing services company. (TheEdge)

Source: New Straits TimesThe Edge MarketsThe Star 8 August 2024

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