MQ Market Updates - 13 November 2024

2024-11-13 17:51:42

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Hartanah Kenyalang Bhd, a Sarawak-based construction services firm, has filed for an initial public offering (IPO) on the ACE Market of Bursa Malaysia to raise funds for expansion and to finance existing operations. (TheEdge)

Johor bus company HI Mobility Bhd has filed for an initial public offering on the Main Market to expand its fleet with conventional and electric buses as well as install charging stations. (TheEdge)

Sabah-based Life Water Bhd opened 18.46% higher than its initial public offering (IPO) price as it made its debut on the Main Market of Bursa Malaysia. (TheStar)

Elk-Desa Resources Bhd plans to expand its hire purchasing portfolio but continues to monitor the increasing pressure in collections and recovery. (TheStar)

Malaysia Marine and Heavy Engineering Holdings Bhd returned to the black in the third quarter ended Sept 30, 2024 (3QFY2024), as revenue jumped 42% year-on-year, thanks to improved performance of both its heavy engineering and marine segments. (TheEdge)

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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