MQ Market Updates - 23 May 2025
MQ Market Updates - 23 May 2025
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Petronas Dagangan Bhd (PETDAG) reported a 29.8% rise in net profit to RM293.5 million for 1Q25, driven by increased Jet A1 and diesel sales, despite retail segment declines.
Velesto Energy Bhd (VELESTO) secured a US$90 million contract for drilling services in Indonesia, deploying its Naga 8 jack-up rig for three oil and gas companies.
Eco-Shop Marketing Bhd (ECOSHOP) debuted on Bursa Malaysia at RM1.25, a 10% premium over its IPO price of RM1.13, following a price reduction.
CelcomDigi Bhd (CDB) anticipates core earnings growth of 11% and 25% in FY26 and FY27, respectively, following a projected 33% net profit increase this year.
Hextar Global Bhd (HEXTAR) reported an 11.18% net profit increase to RM13.5 million for 1Q25, aided by improved margins in specialty chemicals and agriculture.
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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.
