MQ Market Updates

MQ Market Updates - 25 September 2024

MQ Trader
Publish date: Wed, 25 Sep 2024, 04:35 PM

Solar District Cooling Group Bhd (SDCG) has entered into a collaboration agreement with Sunrise Shares Energy Sdn Bhd (SSE) to promote the adoption of renewable energy solutions and sustainability advisory services across multiple sectors in Malaysia. (TheStar)

KJTS Group Bhd's (KL:KJTS) unit has signed a 20-year agreement for retrofit work, operation and maintenance (O&M) services for a chiller plant, and the supply of chilled water at the Centara Grand Mirage Beach Resort Pattaya, Thailand. (TheEdge)

Pesona Metro Holdings Bhd's wholly-owned subsidiary, Pesona Metro Sdn Bhd has been awarded a superstructure works contract in Kuala Lumpur worth RM321.09 million from Sime Darby Property (Golfhome) Sdn Bhd. (NST)

AirAsia X Bhd (AAX) has released a detailed circular on the RM6.8 billion acquisition of Capital A Bhd's entire equity stake in AirAsia Aviation Group Ltd (AAAGL) and AirAsia Bhd (AAB) for its shareholders’ review ahead of its Extraordinary General Meeting on Oct 16. (TheStar)

MMC Corp Bhd, through unit Penang Port Sdn Bhd, is working on a more than RM2.0 billion expansion to boost North Butterworth Container Terminal quayside capacity to 4.1 million twenty-foot equivalent units by 2050. (NST)

The latest contract awarded to smart parking solutions provider ITMax System Bhd by the Segamat Municipal Council or MPS to operate 7,637 street parking spaces over 15 years is expected to boost the company’s earnings, while also providing momentum for more such contract awards in Johor. (TheStar)

Yinson Holdings Bhd’s Matarani solar plant in Peru has entered into its full operational phase, following the commencement of power export and sales in July 2024. (TheStar)

Harn Len Corp Bhd is disposing of a piece of land measuring 3,725.8 sq m in Johor Baru to Starsea Resources Sdn Bhd for RM55mil. (TheStar)

Analysts have maintained their positive stance on Scientex Bhd (KL:SCIENTX) after the group's core earnings came mostly within expectations for the financial year ended July 31, 2024 (FY2024). (TheEdge)

RHB Research expects convenience retail operator MyNews Holdings Bhd to see a more substantial earnings improvement across all business units in fourth quarter of financial year 2024 4QFY2024), after 3QFY2024 saw its fourth consecutive quarter of profits. (NST)

KHPT Holdings Bhd is expected to achieve net profit growth rates of 5.1% and 12.9%, reaching RM6.6mil for financial year 2024 (FY24) and RM7.5mil for FY25, respectively, says TA Research. (TheStar)

Source: New Straits TimesThe Edge MarketsThe Star 25 September 2024

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