MQ Market Updates - 20 December 2024
MQ Market Updates - 20 December 2024
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Mechanical and electrical (M&E) engineering services provider CBH Engineering Holding Bhd (CBHB) has begun taking orders from its investors for its initial public offering (IPO) on Friday, to raise up to RM83.44 million on the ACE Market.
Shares of YTL Corporation Bhd (YTL) and its associate YTL Power International Bhd (YTLPOWR) resumed their rallies to hit multi-month highs after the Malaysian Anti-Corruption Commission (MACC) cleared YTL Power's subsidiary of any wrongdoing in the 1BestariNet project investigations.
Shares of United Malacca Bhd (UMCCA) rose in early trade Friday after it reported third-quarter results that beat expectations.
Catcha Digital Bhd (CATCHA), formerly known as Rev Asia Bhd, is acquiring a 60% stake in Drive 2 Digital Sdn Bhd (D2D) for RM16.2 million, cash, marking its entry into the automotive digital media sector, with a focus on Chinese and Malay language automotive content.
Top Glove Corp Bhd (TOPGLOV) returned to black with a net profit of RM5.47 million for its first quarter ended Nov 30, 2024 (1QFY2025), from a net loss of RM57.71 million in the corresponding quarter a year ago, thanks to higher sales volumes and increased foreign exchange gains.
Source: NST, TheEdge, TheStar
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