MQ Market Updates - 27 November 2024

MQ Trader

Publish date: Wed, 27 Nov 2024, 05:30 PM

Vanzo Holdings Bhd (Vanzo), a leading homegrown air fragrance company, has officially launched its initial public offering (IPO) prospectus with the aim to raise RM14 million through the issuance of 93,351,000 new ordinary shares priced at RM0.15 each. (NST)

JCY International Bhd posted a net profit of RM16.31mil in the fourth quarter ended Sept 30, 2024 (4Q24) on stronger revenue and other operating income. (TheStar)

NCT Alliance Bhd posted a lower net profit of RM6.52 million in the third quarter ended Sep 30, 2024 (Q3 2024), down 35.6 per cent from RM10.12 million in the same period last year. (NST)

The net profit of YTL Corp Bhd (KL:YTL) fell by more than a third in the first quarter of its financial year, as contributions from its utilities business, represented by its 55.57% stake in YTL Power International Bhd (KL:YTLPOWR) declined. (TheEdge)

Southern Cable Group Bhd’s (KL:SCGBHD) net profit for the third quarter more than doubled from a year ago on higher sales volume of power cables and improved margins, attributable to better product mix and economies of scale on increased production. (TheEdge)

Petronas Gas Bhd's (PGB) net profit rose by 5.4 per cent to RM493.7 million in the third quarter of financial year 2024 (3QFY24) from RM468 million in the same quarter last year, due to higher customers offtake and gas processing. (NST)

MBSB Bhd posted a higher net profit of RM122.08 million in the third quarter ended Sept 30, 2024 (3Q 2024), compared to RM32.84 million in the same period last year. (TheStar)

AMMB Holdings Bhd reported a net profit of RM500.6 million for its second quarter of financial year 2025 (2QFY25), a 6.6 per cent increase, compared to RM469.7 million the same quarter a year ago on higher net income and operating profit. (NST)

Leong Hup International Bhd’s (LHI) net profit for the third quarter ended Sept 30, 2024, rose to RM135.02mil from RM132.96mil in the previous corresponding period, while revenue dipped to RM2.2bil from RM2.5bil a year earlier. (TheStar)

Ocean Vantage Holdings Bhd reported a net loss of RM6.8 million for the third quarter ended September 30, 2024 (Q3 FY2024), on escalating costs from its Bintulu Additional Gas Sales Facility 2 (BAGSF 2) project, which is nearing completion. (NST)

Malaysia Airports Holdings Bhd (MAHB) posted a higher net profit of RM210.37 million in the third quarter ended Sept 30, 2024 (3Q 2024), compared to RM94.76 million in the same period last year. (NST)

Shares of Kuala Lumpur Kepong Bhd (KLK) emerged as the top losers on Bursa Malaysia in early trade today after its latest financial results missed market expectations. (NST)

Telekom Malaysia Bhd (TM) recorded a decline in its net profit for the third quarter ended Sept 30, 2024 (3Q FY2024) to RM465.03 million from RM538.19 million in the same quarter in 2023. (TheStar)

Guan Chong Bhd’s (KL:GCB) net profit for the third quarter ended Sept 30, 2024 (3QFY2024) rose 68.7% to RM57.17 million from RM33.88 million a year earlier, bolstered by the higher price for cocoa products and increased sales volume for cocoa solids. (TheEdge)

Sunway Bhd (KL:SUNWAY) posted a net profit of RM376.08 million for the third quarter ended Sept 30, 2024 (3QFY2024), more than doubled than a year ago when it registered RM180.3 million, on stronger operating performance across its core businesses. (TheEdge)

Source: New Straits Times, The Edge Markets, The Star 27 November 2024