MQ Market Updates - 18 October 2024

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2024-10-18 17:44:22

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Sabah-based major road infrastructure construction firm Azam Jaya Bhd is planning to raise RM61.5mil from its initial public offering (IPO), in conjunction with its scheduled listing on the Main Market of Bursa Malaysia on Nov 11, 2024. (TheStar)

SD Guthrie Bhd's (KL:SDG) core earnings are expected to grow by 46.9% in FY2024, followed by increases of 8.9% in FY25 and 12.2% in FY26, on recovery of fresh fruit bunches (FFB) production, and crude palm oil (CPO), said Apex Securities. (TheEdge)

Samaiden Group Bhd, which is a beneficiary of the upcycle in the renewable energy (RE) plant-up under the National Energy Transition Roadmap (NETR), targets to double its revenue by the financial year 2026 (FY26). (TheStar)

Shares of HeiTech Padu Bhd (KL:HTPADU) were suspended with effect from 9am to 5pm on Friday, pending an announcement relating to a material contract. (TheEdge)

Genting Malaysia Bhd has downplayed any significant impact from the lawsuit filed by RAV Bahamas Ltd, saying it will not affect the group's financial performance or operations. (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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