MQ Market Updates - 18 December 2024
MQ Market Updates - 18 December 2024
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YNH Property Bhd (YNHPROP) has appointed Datuk Yu Kuan Huat as chairman, succeeding his brother Datuk Dr Yu Kuan Chon, who remains an executive director. Kuan Chon holds a 32.58% stake in the company.
Scientex Bhd (SCIENTX) reported a 6.7% decline in net profit to RM128.6 million for Q1 ended October 31, 2024, primarily due to reduced earnings in its packaging segment, despite better performance in property.
Time Dotcom Bhd (TIMECOM) received an 'outperform' rating from Kenanga Research with a target price of RM5.91, highlighting its potential in the growing internet and data transmission market.
Hong Leong Investment Bank Bhd (HLBANK) maintains an 'Overweight' outlook for the renewable energy sector in 2025.
Carlo Rino Group Bhd (CARLORINO) had a lackluster debut on the ACE Market, raising RM46 million from its IPO.
Source: NST, TheEdge, TheStar
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