MQ Market Updates

MQ Market Updates - 8 November 2024

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Publish date: Fri, 08 Nov 2024, 05:07 PM

Human capital management provider Ramssol Group Bhd (KL:RAMSSOL) said its 51%-owned subsidiary in Thailand has secured a contract worth 275 million baht (RM35.61 million) to undertake an artificial intelligence (AI) healthcare solutions project for a hospital. (TheEdge)

Pentamaster Corp Bhd (KL:PENTA) led the fall among semiconductor-related counters on Bursa Malaysia on Friday, after the company announced that its quarterly net profit tumbled to a six-year low.  (TheEdge)

Westports Holdings Bhd's net profit rose 19.5 per cent to RM233.07 million in the third quarter (Q3) ended September 30, 2024 from RM195.00 million a year ago, mainly due to the increase in container revenue. (NST)

FGV Holdings Bhd's indirect subsidiary, FGV Bulkers Sdn Bhd (FGVB) is being sued for RM90.8 million for breach of palm kernel shells (PKS) supply and delivery agreement. (NST)

Maxis Bhd’s net profit surged 27.5 per cent to RM366 million for the third quarter ended Sept 30, 2024 (3Q 2024) from RM287 million in the same period last year, driven by both higher service revenue as well as prudent cost management. (TheStar)

IOI Properties Group Bhd (IOIPG) should revisit the offer by its group chief executive officer (GCEO) to acquire Singapore commercial property, Shenton House. (NST)

The master franchisee of TGI Fridays Malaysia, Techna-X Bhd, narrowly escaped a trading suspension of its shares after it filed its annual report for the financial year ended June 30, 2024 yesterday. (NST)

Analysts are positive on Eco World Development Group Bhd’s acquisition of 847.249 acres of land in Semenyih, Selangor for RM742.4mil. (TheStar)

Ekovest Bhd declined in early trade on news that major shareholder Tan Sri Lim Kang Hoo is exploring the sale of its toll-road business, Konsortium Lebuhraya Utara-Timur (KL) Sdn Bhd (Kesturi), for up to RM5bil. (TheStar)

Analysts are positive about Axiata Group Bhd's (KL:AXIATA) focus on emerging markets while reaping benefits from the CelcomDigi merger over a longer term. (TheEdge)

BP Plastics Holding Bhd (KL:BPPLAS), which mainly manufactures stretch films and bags, will likely grapple with higher costs that will cut into earnings in the near term, a research house cautioned on Friday. (TheEdge)

Source: New Straits TimesThe Edge MarketsThe Star 8 November 2024

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