MQ Market Updates

MQ Market Updates - 14 August 2024

MQ Trader
Publish date: Wed, 14 Aug 2024, 05:29 PM

PPB Group Bhd (KL:PPB) is expected to report a softer first-half (1HFY2024) earnings, following a disappointing 1HFY2024 performance by its 19%-owned associate Wilmar International Ltd (WIL). (TheEdge)

UWC Bhd’s outlook appears promising on the back of an increase in order inflows as well as signs of recovery suggesting that earnings have likely bottomed out in recent quarters and are poised for a turnaround. (TheStar)

Shares in Seng Fong Holdings Bhd (KL:SENFONG) rose on Wednesday to their highest in two weeks, after the rubber processing company reported record annual profit. (TheEdge)

Unique Fire Holdings Bhd has entered into a joint venture agreement with Shanghai Mosafe Equipment Sdn Bhd and its Singaporean unit, Mosafe Protection Pte Ltd, with regards to the establishment of a joint venture company. (TheStar)

Solarvest Holdings Bhd and NCT Group of Companies have announced the commencement of phase one of their project, comprising 270 solar-ready factories at the NCT Smart Industrial Park (NSIP). (TheStar)

Energy and technology solutions provider Uzma Bhd (KL: UZMA) is hoping to get the nod for its licence from the Energy Commission (EC) to commence operations of its 50 megawatt (MW) large-scale solar 4 (LSS4) project in Sungai Petani. (TheEdge)

There are brighter prospects for Frontken Corp Bhd as the group registered much-improved utilisation of its second facility in Taiwan in the April-June quarter amid growing customer demand. (TheStar)

Mah Sing Group Bhd (KL:MAHSING) officially launched its latest serviced apartment project named M Azura in Setapak here in conjunction with the opening ceremony of the development’s sales gallery in Wangsa Maju here on Wednesday. (TheEdge)

Malayan Banking Bhd (KL:MAYBANK) announced in a press release issued on Wednesday, the launch of its enhanced green home financing, which offers customers a higher financing margin for certified green homes in Malaysia. (TheEdge)

VSTECS Bhd's unit VSTECS Astar Sdn Bhd has been appointed the sole distributor for Google Pixel 9 range of smartphones in Malaysia. (NST)

Varia Bhd's unit Pembinaan Teguh Maju Sdn Bhd has bagged a RM61.45 million contract for the construction and completion of project at Universiti Pendidikan Sultan Idris (UPSI), Perak. (NST)

Gamuda Land, the property arm of Gamuda Bhd (KL:GAMUDA), has started showcasing Samsung Malaysia’s Bespoke AI Home at The Camellia show unit in Gamuda Cove, Kuala Langat, according to a press statement on Tuesday (Aug 13). (TheEdge)

Source: New Straits TimesThe Edge MarketsThe Star 14 August 2024

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