MQ Market Updates - 10 February 2025
MQ Market Updates - 10 February 2025
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Pantech Global Bhd aims to raise RM178.32 million through its IPO at 68 sen per share, primarily for business expansion in pipe fittings and welded pipes.
Colform Group Bhd (COLFORM) debuted on the ACE Market with an 11% rise to 40 sen, above its IPO price of 36 sen. The company focuses on domestic expansion amid US tariff risks, raising over RM60 million from its IPO.
Kumpulan Kitacon Bhd (KITACON) secured a RM104.3 million contract for building works from Sime Darby Property, enhancing its project portfolio.
IOI Properties Group Bhd (IOIPG) is expected to benefit from syariah-compliance status and potential REIT listings, with prospects for inclusion in the FTSE Bursa Malaysia KLCI by 2025 or 2026.
Sunway Construction Group Bhd (SUNCON) is projected to deliver strong results in 4Q24, supported by a robust contract pipeline.
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