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MQ Market Updates - 28 February 2025

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2025-02-28 17:16:38
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MQ Market Updates - 28 February 2025

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Construction and engineering firm Lim Seong Hai Capital Bhd on Friday unveiled the prospectus for its initial public offering (IPO) to raise RM168.08 million as part of its listing transfer from the LEAP Market to the ACE Market.

Wawasan Dengkil Holdings Bhd, an earthworks and civil engineering firm, has launched its initial public offering (IPO) that could raise up to RM40.51 million from the ACE Market.

Pharmaniaga Bhd (PHARMA) returned to the black after two years of losses with a net profit of RM131.8 million in the financial year 2024 (FY24). 

SP Setia Bhd (SPSETIA)'s net profit almost doubled year-on-year (YoY) to RM575.95 million in the financial year ended Dec 31, 2024 (FY24) versus RM298.57 million a year ago boosted by higher profit from land sales.

CIMB Group Holdings Bhd (CIMB) posted a strong performance in the financial year 2024 (FY24) with a net profit of RM7.73 billion, up 10.7 per cent from RM6.98 billion a year ago. 

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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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