MQ Market Updates - 5 July 2024

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2024-07-05 17:59:43

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TechStore Bhd, an enterprise IT services firm, has filed for an initial public offering (IPO) on the ACE Market to raise funds for expansion, including adding staff and buying new hardware and software. (TheEdge)

Shares of Keyfield International Bhd (KL:KEYFIELD) made another new high since the oil-and-gas (O&G) service company’s debut on the Main Market in April, following new contract wins. (TheEdge)

Malayan Banking Bhd (KL:MAYBANK) plans to double assets in Vietnam to US$2 billion (RM9.42 billion) by 2027 and become the country’s top foreign bank for syndicated loans, to capitalise on a booming economy. (TheEdge)

South Malaysia Industries Bhd (SMI) has gone to court to compel Kenanga Investment Bhd to provide further details of selling shareholders which led to the entry of a new substantial shareholder, Leong Seng Wui-controlled Target 1 Sdn Bhd. (NST)

Investors continued to dump their Toyo Ventures Holdings Bhd's shares, making the stock price fall almost 18 per cent during trade after it confirmed the termination of its Song Hau 2 power plant project by the Vietnamese government. (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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