MQ Market Updates - 12 November 2024

MQ Trader

Publish date: Tue, 12 Nov 2024, 04:54 PM

Winstar Capital Bhd has signed an underwriting agreement with TA Securities for its initial public offering (IPO) and planned listing on the ACE Market of Bursa Malaysia Securities Bhd. (TheStar)

Bursa Malaysia Bhd is experiencing a resurgence in initial public offerings (IPOs) as 2024 draws to a close, reflecting renewed investor confidence in the local bourse. (NST)

DSR Taiko Bhd (KL:DSR), a durian plantation company currently listed on the LEAP Market, said on Tuesday it has been asked to consider transferring its listing to the ACE Market. (TheEdge)

Datuk Soo Sze Ching has emerged as the second largest shareholder of construction company Vestland Bhd (KL:VLB) after acquiring a 29.83% stake in the ACE Market-listed construction company last week. (TheEdge)

Avaland Bhd (KL:AVALAND) launched the Sanderling 2 high-rise residential project over the weekend. Sanderling 2 is the fourth and final phase of the developer’s 23-acre freehold Lakefront Residence development in Cyberjaya. (TheEdge)

Alpha IVF Group Bhd has appointed three prominent fertility specialists to strengthen its medical team at the Singapore IVF Centre, with increased demand for advanced fertility treatment due to Singapore's historic low fertility rate of 0.97 in 2023. (NST)

Tariff decisions will decide Westports Holdings Bhd's fortunes next year - US President Donald Trump's tariff policy and the government's approval for a port tariff hike. (NST)

TMC Life Sciences Bhd's major shareholder Sasteria Pte Ltd has called for an extraordinary general meeting to remove suspended group chief executive officer Wan Nadiah Wan Mohd Abdullah Yaakob as a director in the company. (NST)

The Construction Industry Development Board Malaysia (CIDB), through its subsidiary Akademi Binaan Malaysia (ABM), and Malaysian Resources Corporation Bhd (MRCB) have launched the tower crane training site for ABM's central region here. (NST)

Malayan Banking Bhd (Maybank) is considering options including buying out Ageas SA’s minority stake in Etiqa as Malaysia’s biggest lender seeks to boost the value of the Southeast Asian insurer, according to people with knowledge of the matter. (TheStar)

T7 Global Bhd's wholly-owned subsidiary Tanjung Offshore Services Sdn Bhd has secured a contract from IPC Malaysia BV for the provision of Pan-Malaysia maintenance, construction, modification (MCM) and hook-up and commissioning (HUC) services for B3 package. (TheStar)

Hartalega Holdings Bhd said it faced a complex operating environment in its second financial quarter (2QFY25) as capacity expansion costs coupled with foreign exchange losses adversely impacted the short-term profitability of the group. (TheStar)

Shares of Ramssol Group Bhd (KL:RAMSSOL) rose on Tuesday to their highest in nearly four months, after the human resources services firm reported better-than-expected quarterly results. (TheEdge)

Sunway Bhd’s (KL:SUNWAY) third quarter earnings will likely come in above the consensus estimate, thanks to contribution from its Singapore condominium project, CGS International said on Tuesday. (TheEdge)

Southern Steel Bhd's (KL:SSTEEL) net loss narrowed to RM25.69 million for the first quarter ended Sept 30, 2024 (1QFY2025), from RM39.59 million a year earlier, thanks to improved margins from favourable input cost. (TheEdge)

Texchem Resources Bhd (KL:TEXCHEM) said it has engaged an external consultant to investigate a cybersecurity incident affecting the group's IT servers. (TheEdge)

Source: New Straits Times, The Edge Markets, The Star 12 November 2024