MQ Market Updates - 30 August 2024

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2024-08-30 17:41:10

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NationGate Holdings Bhd (KL:NATGATE), which was recently transferred to the Main Market of Bursa Malaysia, saw its net profit almost doubled to RM28.54 million in the second quarter ended June 30, 2024 (2QFY2024), from RM14.32 million a year ago, as revenue more than quadrupled. (TheEdge)

Mah Sing Group Bhd has posted a strong eight-month sales performance of RM1.66bil, putting it on track to meeting its minimum annual sales target of RM2.5bil. (TheStar)

Velesto Energy Bhd's earnings for financial year 2025 (FY25) is expected to be affected by Petronas' lower exploration activities in Sarawak. (NST)

Shares of Sarawak Oil Palms Bhd (KL:SOP) rose on Friday to their highest in one month, after the plantation company reported second-quarter results that beat estimates. (TheEdge)

Analysts have raised Tenaga Nasional Bhd (TNB)'s earnings forecasts following stronger results in the first half of financial year 2024 (1HFY24). (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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