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MQ Market Updates - 19 May 2026

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2026-05-19 17:12:33
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MQ Market Updates - 19 May 2026

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Enest Group Bhd has signed an underwriting agreement with M&A Securities Sdn Bhd for its IPO and transfer from the LEAP Market to the ACE Market of Bursa Malaysia.

Velesto Energy Bhd (VELESTO) improved its utilisation rate and maintained asset uptime in Q1 2026, but net profit nearly halved due to lower daily charter rates.

99 Speed Mart Retail Holdings Bhd (99SMART) had a strong start in 2026, with CEO Lee Thiam Wah crediting the resilient business model amid geopolitical uncertainties. 

Malaysia Marine and Heavy Engineering Holdings Bhd (MHB) sees opportunities in offshore floater conversions and LNG repairs despite market uncertainties.

Maxis Bhd (MAXIS) issued RM1 billion in sukuk murabahah under its RM10 billion programme.

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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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