MQ Market Updates - 17 December 2025
MQ Market Updates - 17 December 2025
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Gamuda Bhd (GAMUDA) secured a RM2.7 billion construction contract in Australia through a joint venture with Samsung C&T for the Marinus Link project, expected to complete in five years.
LAC Med Bhd (LACMED) is set to list on Bursa Malaysia on Dec 10, focusing on high-value specialized medical machines, a niche market with few global competitors.
Globaltec Formation Bhd (GLOTEC) announced that its Australian associate has signed a gas sale agreement with Indonesia's state-owned distributor.
Velesto Energy Bhd (VELESTO) has agreed to sell its jack-up drilling rig, Naga 3, for RM258.4 million. Analysts view this sale price as fair, prompting them to increase dividend forecasts based on the proceeds.
Scientex Bhd (SCIENTX) reported an 11% earnings growth due to cost-cutting and higher-margin product sales.
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