MQ Market Updates

MQ Market Updates - 18 Dec 2024

MQ Trader
Publish date: Wed, 18 Dec 2024, 04:43 PM

YNH Property Bhd (YNHPROP) has appointed Datuk Yu Kuan Huat as chairman, succeeding his brother Datuk Dr Yu Kuan Chon, who remains an executive director. Kuan Chon holds a 32.58% stake in the company.

Scientex Bhd (SCIENTX) reported a 6.7% decline in net profit to RM128.6 million for Q1 ended October 31, 2024, primarily due to reduced earnings in its packaging segment, despite better performance in property.

Time Dotcom Bhd (TIMECOM) received an 'outperform' rating from Kenanga Research with a target price of RM5.91, highlighting its potential in the growing internet and data transmission market.

Hong Leong Investment Bank Bhd (HLBANK) maintains an 'Overweight' outlook for the renewable energy sector in 2025.

Carlo Rino Group Bhd (CARLORINO) had a lackluster debut on the ACE Market, raising RM46 million from its IPO.

Jati Tinggi Group Bhd (JTGROUP) shares surged 15% after announcing a RM14.88 million deal with Public Bank Bhd (PBBANK).

A company linked to Tan Sri Tiong Hiew King is acquiring a 13.75% stake in Borneo Edible Oils Sdn Bhd from Subur Tiasa Holdings Bhd (SUBUR) and Rimbunan Sawit Bhd (RSAWIT) for RM5.35 million.

United Plantations Bhd (UTDPLT) shares reached an all-time high of RM33.06, gaining 2% in early trading.

UEM Sunrise Bhd (UEMS) and ITRAMAS Corp signed an MOU with Gotion High-Tech Co Ltd to establish an R&D center in Johor.

Supermax Corp Bhd (SUPERMX) plans a bonus share issue of one share for every five held, plus bonus warrants for every 20 shares.

Pestech International Bhd (PESTECH) appointed Tan Sri Mohd Zuki Ali as its new chairman and Datuk Mohamed Razeek Md Hussain Maricar as group managing director.

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Disclaimer: This information does not represent a BUY or SELL recommendation on the stock covered. Traders and Investors are encouraged to do their own analysis on stocks instead of blindly following any Trading calls raised by various parties on the Internet.

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