MQ Market Updates - 1 July 2024

2024-07-01 17:58:29

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Tenaga Nasional Bhd (TNB) (KL:TENAGA) said the decision by the Ministry of Energy Transition and Water Transformation (Petra) to maintain electricity tariffs until Dec 31 this year is neutral on the utility company and will not have any effect on its business operations. (TheEdge)

Kinergy Advancement Bhd (KAB) through its unit KAB Energy Holdings Sdn Bhd has partnered with Johor Corp (JCorp) to develop energy efficient data centres. (NST)

HSS Engineers Bhd's (HEB) unit, HSS Engineering Sdn Bhd, has won its largest contract to-date worth US$315.9 million (RM1.5 billion) for the Baghdad Metro rail system, via a joint venture. (NST)

Bursa Malaysia Securities has extended the deadline for Sapura Energy Bhd (SEB) to submit its regularisation plan by another six months, set for Nov 30, 2024 following the third extension of time application. (NST)

Mah Sing Group Bhd will launch properties in Malaysia with a gross development value (GDV) of about RM2.829bil this year. (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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