MQ Market Updates

MQ Market Updates - 11 April 2023

MQ Trader
Publish date: Tue, 11 Apr 2023, 05:08 PM

UMW Holdings Bhd has gained another foothold in the high-value aerospace supply chain following the signing of a 15-year contract with Rolls Royce to manufacture rear cases for the Trent 1000 and Trent 7000 aircraft engines. (TheStar)

Bintai Kinden Corp Bhd said the group is being sued by MBSB Bank Bhd for allegedly defaulting on a RM109 million Islamic financing facility. The bank is claiming an outstanding amount of RM238.52 million up to April 6, the group said in a Bursa Malaysia filing. (TheEdge)

Hong Seng Consolidated Bhd’s 60%-owned subsidiary, eMedAsia Sdn Bhd, on Monday (April 10) received a letter of approval from the Health Ministry (MOH) regarding its application to carry on the business of a managed care organisation (MCO). (TheEdge)

Mudajaya Group Bhd, through its wholly owned subsidiary Mudajaya Corporation Bhd, has accepted a letter of award from Kotra Pharma (M) Sdn Bhd for a RM64.1 million construction project in Taman Teknologi Cheng, Melaka. (TheEdge)

Barakah Offshore Petroleum Bhd’s shares rose as much as 30% to settle at 6.5 sen on Tuesday (April 11) with 21.79 million shares exchanging hands, following news that its wholly owned unit PBJV Group Sdn Bhd’s suspension has been lifted by Petroliam Nasional Bhd (Petronas) after a period of more than two years. (TheEdge)

Aeon Credit Service (M) Bhd ended FY2023 with a record performance after its net profit for the fourth quarter ended Feb 28, 2023 (4QFY2023) jumped more than four times to RM95.34 million from RM23.38 million a year earlier.  (TheEdge)

Harrisons Holdings (M) Bhd has proposed a final and total dividend of 50 sen per share for the financial year ended Dec 31, 2022 (FY2022), after the group achieved its highest-ever annual revenue and net profit. (TheEdge)


Source: New Straits Times, The Edge Markets, The Star 11 Apr 2023

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