MQ Market Updates - 29 August 2024
MQ Market Updates - 29 August 2024
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99 Speed Mart Retail Holdings Bhd’s initial public offering (IPO) has been oversubscribed by 3.04 times. (TheStar)
Genting Plantations Bhd’s (KL:GENP) net profit for the second quarter ended June 30, 2024 (2QFY2024) rose 19.94% to RM85.12 million, compared to RM70.97 million over the same period a year earlier, due to higher palm product prices. (TheEdge)
Malayan Flour Mills Bhd (MFM) reported a net profit of RM18.8 million for the second quarter of 2024 (2Q24), a turnaround from the RM2 million net loss in the same quarter last year. (NST)
Property developer Paramount Corporation Bhd (Paramount) would like the government to continue taking a balanced approach to support property sector growth, especially in expediting project approvals. (TheStar)
AME Elite Consortium Bhd's (KL:AME) net profit for its first quarter ended June 30, 2024 (1QFY2025) dropped 36.7% to RM14.72 million from RM23.27 million a year earlier, due to lower contributions from property development and construction services, as well as share of loss from joint ventures. (TheEdge)
Source: NST, TheEdge, TheStar
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