MQ Market Updates - 27 May 2024

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2024-05-27 19:02:56

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Matrix Concepts Holdings Bhd saw its net profit surge by 18.9 per cent to RM246.47 million for the fiscal year ending March 31, 2024 (FY24), compared to RM207.22 million in the prior year. (NST)

A healthy economic growth, sweltering weather and robust tourist arrivals will drive Spritzer Bhd’s sales in 2024, says chief executive officer and executive director Kenny Lim. (TheStar)

Fertilizer company Cropmate Bhd has filed for an initial public offering (IPO) on Bursa Malaysia’s ACE Market to raise funds, including to part finance the acquisition of two factories for nearly RM30 million. (TheEdge)

Powerwell Holdings Bhd's unit, Powerwell International Sdn Bhd has received two purchase orders totalling RM57.61 million for the supply, installation and commissioning of low voltage switchboards and remote power panels for a data centre in Selangor. (NST)

KIP Real Estate Investment Trust (KIP REIT) has entered into a conditional sale and purchase agreement with DPulze Ventures Sdn Bhd for the proposed acquisition of DPulze Shopping Centre in Cyberjaya for RM320 million cash. (TheStar)

Source: NST, TheEdge, TheStar

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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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