MQ Market Updates - 24 June 2024

2024-06-24 17:41:55

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ACE Market-bound frozen seafood company, Ocean Fresh Bhd’s initial public offering (IPO) has been oversubscribed by 76.22 times. (TheStar)

Solarvest Holdings Bhd has partnered with Taiwan's major renewable energy player GreenRock Energy to accelerate the development of green energy solutions in both Taiwan and Malaysia. (NST)

YBS International Bhd will assemble lithium-ion batteries for US-based lithium battery-producing giant Enovix from the third quarter of 2024, which will help the group return to profitability in financial year 2025 (FY25). (TheStar)

MyNews Holdings Bhd's CU convenience store chain can be expected to continue its turnaround following the consolidation of the CU and Mynews management teams, which has helped to elevate sales and gross profit margin, says RHB Research. (TheStar)

Kinergy Advancement Bhd (KL:KAB) has inked a memorandum of understanding (MOU) with state-owned investment company Permodalan Kedah Bhd (PKB) to develop sustainable energy projects. (TheEdge)

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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