MQ Market Updates - 12 August 2024

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2024-08-12 17:41:41

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Autopart distributor MSB Global Group Bhd has filed for an initial public offering (IPO) on the ACE Market of Bursa Malaysia to raise funds to rebuild a factory that doubles up as a warehouse. (TheEdge)

Mikro MSC Bhd has signed an agreement with Singapore's Calida Group Pte Ltd to acquire signage and interior fit-out company TES Productions & Projects Pte Ltd for RM30 million of shares in Mikro MSC. (NST)

Pekat Group Bhd has bagged a RM21.79 million contract from Gamuda Engineering Sdn Bhd for the construction of earthing and lightning protection systems in Rawang, Selangor. In its filing with Bursa Malaysia Securities, the company said the contract was awarded to its wholly owned subsidiary Pekat E & LP Sdn Bhd (PELP). (NST)

Coraza Integrated Technology Bhd is poised to invest about RM50mil into its fifth manufacturing facility in Penang, in anticipation of an upswing in demand for semiconductor products next year. (TheStar)

PGF Capital Bhd’s main revenue generator is anticipated to come from the Australian market due to the strong demand for insulation products. (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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