MQ Market Updates - 29 May 2024

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2024-05-29 18:12:50

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Farm Fresh Bhd posted an all-time high revenue of RM810.4 million in financial year 2024, thanks to new products, higher sales volume from the hotel, restaurant and cafe distribution channel and UHT products, as well as contributions from Inside Scoop Sdn Bhd and Sin Wah Ice Cream Sdn Bhd. (NST)

YTL Power International Bhd's (YTLPI) shares rose this morning following reports that its indirect 70 per cent-owned unit, SIPP Power Sdn Bhd has proposed to acquire about 31.42 per cent stake in Ranhill Utilities Bhd for RM405.18 million. (TheStar)

Ageson Bhd (KL:AGES), which entered Practice Note 17 (PN17) status back in November 2023, has secured a construction subcontract worth RM54.33 million for the development of a 40-storey service suite block in Sabah. (TheEdge)

Genetec Technology Bhd, whose profit jumped 63.09% year-on-year for the quarter ended March 31, 2024 (4QFY2024), expects continued strong earnings amid increasing demand for its automation and energy storage solutions. (TheEdge)

Media Prima Bhd, Malaysia's leading and largest independent media group, posted a net profit of RM27.9 million for the nine-month period ended Mar 31, 2024 (9MFY24) on improved operational efficiencies, cost optimisations, and increased other operating income, amid cuts in spending by several major advertisers. (NST)

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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