MQ Market Updates - 27 November 2024

2024-11-27 18:04:51

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Vanzo Holdings Bhd (Vanzo), a leading homegrown air fragrance company, has officially launched its initial public offering (IPO) prospectus with the aim to raise RM14 million through the issuance of 93,351,000 new ordinary shares priced at RM0.15 each. (NST)

JCY International Bhd posted a net profit of RM16.31mil in the fourth quarter ended Sept 30, 2024 (4Q24) on stronger revenue and other operating income. (TheStar)

NCT Alliance Bhd posted a lower net profit of RM6.52 million in the third quarter ended Sep 30, 2024 (Q3 2024), down 35.6 per cent from RM10.12 million in the same period last year. (NST)

The net profit of YTL Corp Bhd (KL:YTL) fell by more than a third in the first quarter of its financial year, as contributions from its utilities business, represented by its 55.57% stake in YTL Power International Bhd (KL:YTLPOWR) declined. (TheEdge)

Southern Cable Group Bhd’s (KL:SCGBHD) net profit for the third quarter more than doubled from a year ago on higher sales volume of power cables and improved margins, attributable to better product mix and economies of scale on increased production. (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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