MQ Market Updates

MQ Market Updates - 31 Dec 2024

MQ Trader
Publish date: Tue, 31 Dec 2024, 04:32 PM

Permaju Industries Bhd (PERMAJU), involved in vehicle distribution and property development, plans a share capital reduction to address RM258 million in accumulated losses.

Prospects for Samaiden Group Bhd (SAMAIDEN) look promising as it anticipates contract flows from the upcoming large-scale solar programme starting next year.

Telekom Malaysia Bhd (TM) is committed to supporting Melaka's digital growth through collaborations with local agencies via its TM One sector.

The Network Development Programme (NDP) by Malaysia Airports Holdings Berhad (AIRPORT) could attract airlines to operate at Melaka International Airport (LTAM).

Melati Ehsan Holdings Bhd (MELATI) remains cautiously optimistic about growth in 2025 after experiencing significant revenue and profit declines in 2024.

Well Chip Group Bhd (WELLCHIP) is expanding by acquiring three pawnbroking firms for RM63.44 million, aiming to enhance its presence in northern Malaysia.

Public Investment Bank Bhd (PublicInvest) forecasts a 13.7% CAGR for CBH Engineering Holding Bhd (CBHB), projecting a net profit of RM42.7 million in FY25.

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