MQ Market Updates

MQ Market Updates - 9 October 2024

MQ Trader
Publish date: Wed, 09 Oct 2024, 05:12 PM

KHPT Holdings Bhd, which made its debut on the ACE Market yesterday, saw its share price rise nine sen to 29 sen from its initial public offering (IPO) price of 20 sen, with 157.70 million shares traded. (NST)

3REN Bhd, an automation solutions and engineering services provider, is looking to raise RM30.8 million through a public issue of 110 million new ordinary shares at an issue price of 28 sen per share under its initial public offering (IPO) prospectus launched today. (TheStar)

Shares in Crest Group Bhd rose 12.85% as it commenced trading on the ACE Market of Bursa Malaysia, following a successful initial public offering (IPO) that raised RM45.75mil. (TheStar)

Amanah Hartanah Bumiputera (AHB) has set its final income distribution for the six-month period ended Sept 30, 2024 at 2.50 sen per unit, bringing the total distribution to five sen per unit for the full year of 2024. (NST)

Shares in MR DIY Group (M) Bhd (KL:MRDIY) have rebounded from their low a month ago, rising as much as 4% in active trade on Wednesday, extending their four-day rally since last Friday. (TheEdge)

Non-bank financial institution Souqa Fintech Sdn Bhd is considering legal action against HeiTech Padu Bhd after a surprise termination of its deal to acquire a 30 per cent stake in Souqa Fintech. (NST)

Kumpulan Kitacon Bhd's wholly-owned subsidiary Kitacon Sdn Bhd has secured a RM64.05mil contract from SP Setia Eco-Projects Management Sdn Bhd for the construction of 130 units of double-storey detached houses and a Tenaga Nasional substation in Precinct Arundina in Setia Alam, Shah Alam. (TheStar)

Berjaya Food Bhd has via Berjaya Food International entered into a master franchise agreement to introduce and operate Paris Baguette stores in Brunei and Thailand. (TheStar)

Perdana Petroleum Bhd has accepted a work order award from Dayang Enterprise Holdings Bhd to charter two accommodation workboats (AWB). (TheStar)

Shares of Capital A Bhd (KL:CAPITALA), which have gained 46% from its two-year low since its aviation business sale announcement in April, continued to see trading interest days ahead of the shareholders' meeting to approve the deal. (TheEdge)

Shares of Ireka Corp Bhd (KL:IREKA) surged to their highest in more than two years on Wednesday, after the construction company announced a RM1.07 billion contract win. (TheEdge)

Press Metal Aluminium Holdings Bhd (KL:PMETAL) Southeast Asia’s largest aluminium smelter by capacity is expected to post double-digit earnings growth in FY2025 stable aluminium prices, as global monetary policies ease and China’s economy recovers, said Hong Leong Investment Bank (HLIB). (TheEdge)

Public Investment Bank Bhd (PublicInvest) is optimistic over financing solutions company RCE Capital Bhd's long-term growth driven by the upcoming salary hike among civil servants in December this year. (NST)

Shares of Public Bank Bhd and LPI Capital Bhd will be suspended from 9 am tomorrow, pending a major announcement, separate filings from the two companies to Bursa Malaysia said on Tuesday evening. (NST)

Source: New Straits TimesThe Edge MarketsThe Star 9 October 2024

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