MQ Market Updates - 3 July 2024

2024-07-03 17:59:06

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Go Hub Capital Bhd, which debuted on the ACE Market this morning, jumped as much as 148 per cent to 87 sen a share from its initial public offering (IPO) price of 35 sen, in the first hour of trading. (NST)

Shares of Sunway Bhd hit an all-time high in early trade Tuesday after the company announced a land sale in Sunway City Iskandar Puteri (SCIP), Johor for over RM380mil. (TheStar)

ViTrox Corp Bhd (KL:VITROX) will grapple with the challenging industry outlook, even as profits may improve in the second quarter of 2024, Maybank Investment Bank (Maybank IB) flagged and told investors to now sell the stock. (TheEdge)

RHB Investment Bank (RHB IB) expects Kuala Lumpur Kepong Bhd (KL:KLK) to report improved earnings in the second half of financial year 2024 (2HFY2024) on strong fresh fruit bunch (FFB) output, lower costs and improving downstream earnings. (TheEdge)

Practice Note 17 company KNM Group Bhd is going back to the drawing board for its proposed disposal of FBM Hudson Italiana S.P.A after a second attempt to do so fell through. (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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