MQ Market Updates - 22 August 2024

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2024-08-22 17:46:11

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Specialty chemicals company Sumisaujana Group Bhd has filed for an initial public offering (IPO) on the ACE Market to raise funds for the acquisition of several properties, including a factory, as well as to finance expansions. (TheEdge)

Shares in Elridge Energy Holdings Bhd opened 17.24% higher on its trading debut on the ACE Market of Bursa Malaysia, following an initial public offering (IPO) that raised RM101.5mil. (TheStar)

Cape EMS Bhd share price has plunged 60.28 per cent or 65 sen, year-to-date to 42 sen, bringing its market capitalisation to RM416.64 million as of 10.30am. (NST)

Property developer Matrix Concepts Holdings Bhd registered a lower net profit of RM60.7 million in the first quarter ended June 30, 2024 (Q125) from RM64.6 million a year ago. (NST)

Sime Darby Property Bhd's net profit more than doubled to RM161.96 million in the second quarter ended June 30, 2024 (2Q24) from RM71.07 million a year ago, on the back of higher revenue. (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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