MQ Market Updates

MQ Market Updates - 23 August 2024

MQ Trader
Publish date: Fri, 23 Aug 2024, 05:12 PM

Shares in EPB Group Bhd climbed 16.07% as it opened for trading on the ACE Market of Bursa Malaysia, following an initial public offering (IPO) that raised RM40.08mil. (TheStar)

MISC Bhd's net profit rose 19 per cent to RM540.9 million in the second quarter of financial year 2024 (2Q 2024) from RM452.9 million a year ago. (NST) 

Affin Bank Bhd's net profit for the second quarter ended June 30, 2024 (Q2 2024) rose 4.7 per cent to RM118.58 million versus RM113.23 million in Q2 2023, supported by higher loans and financing. (NST) 

Shares of Notion VTec Bhd (KL:NOTION) plummeted on Friday to their lowest in three months in highly active trade as investors reacted to bleak earnings guidance. (TheEdge)

Shares of Genetec Technology Bhd (KL:GENETEC) plunged on Friday to their lowest in more than three years in active trade amid broad decline in the technology sector. (TheEdge)

Sime Darby Property Bhd says the financial losses from Battersea Power Station (BPS) project in the UK reported in the second quarter of 2024 (2Q24) is a non-recurring item. (NST) 

Shares of UEM Sunrise Bhd dropped as much as 5.53 per cent or 5.5 sen to 94 sen in morning trade after its earnings for the second quarter of 2024 (Q2 2024) came in lower than expected. (NST) 

Kossan Rubber Industries Bhd's first half of 2024 (1H24) total core earnings of RM52.1 million came in below Hong Leong Investment Bank's (HLIB) research and consensus' expectations at 28 per cent and 36 per cent respectively. (NST) 

Radium Development Bhd's net profit dropped 81 per cent year-on-year (YoY) to RM489,000 in the second quarter ended June 30, 2024 (Q2 2024) versus RM2.57 million in Q2 2023 dragged by losses in property development and investment segment. (NST) 

RHB Bank Bhd's subsidiary, RHB Insurance Bhd has introduced Malaysia’s first environmental, social, and governance (ESG) Incentive Scheme for SMEs, offering financial rewards to encourage sustainable practices and bolster business resilience. (TheStar)

Keyfield International Bhd has secured a contract worth RM48mil to provide an accommodation workboat, including an extension option. (TheStar)

Malaysian Genomics Resource Centre Bhd's (MGRC) wholly-owned subsidiary MGRC Healthcare Sdn Bhd has partnered Kumpulan Medic Iman Sdn Bhd, a healthcare group under TDM Bhd, to offer advanced genetic screening services. (TheStar)

Tenaga Nasional Bhd (KL:TENAGA) had on Thursday afternoon obtained a summary judgement of RM1.005 million, against Cenmal Commercial Sdn Bhd — a subsidiary of Country Heights Venture Sdn Bhd and Mines Cruise Sdn Bhd. (TheEdge)

The share price of MSM Malaysia Holdings Bhd (KL:MSM) fell to its lowest in ten months as the sugar refiner sank into the red again after just two quarters of profit. (TheEdge)

Source: New Straits TimesThe Edge MarketsThe Star 23 August 2024

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