MQ Market Updates - 2 August 2024

2024-08-02 17:53:03

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West River Bhd, a Malaysian engineering firm, has filed for an initial public offering (IPO) on the ACE Market to raise funds for the construction of a factory that will also serve as its warehouse. (TheEdge)

Binastra Corporation Bhd has accepted a letter of award worth RM160 million from Dynamicz Sdn Bhd for a property project in Damansara Perdana, Selangor. (NST)

Fraser and Neave Holdings Bhd (F&N) is expected to post a 2.3 per cent decline in its core net profit in financial year 2025 during gestation costs from the commencement of its new dairy farm from the second quarter of financial year 2025 (Q2FY25) onwards. (NST)

Infrastructure group Taliworks Corp Bhd (KL:TALIWRK) is expected to get a boost during the current financial year ending Dec 31, 2024 (FY2024) from insurance payments related to replacement costs for the solar modules at its wholly owned subsidiaries' solar plants. (TheEdge)

Shares in Pentamaster Corp Bhd slid over 4% in early trade Friday after its results fell below consensus expectations. (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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