MQ Market Updates

MQ Market Updates - 28 June 2022

MQ Trader
Publish date: Tue, 28 Jun 2022, 04:59 PM

Pegasus Aqua Sdn Bhd (PASB), a home-grown health and wellness company, has officially launched its molecular resonance effect technology (MRET) water activator in Malaysia and the Southeast Asia region. PASB's MRET water activator is currently the only device authorised in Southeast Asia to utilise the patented molecular resonance effect technology that changes the molecular bonds of water molecules to be better absorbed by cells in the human body. (NST)

Sapura Energy Bhd's financials and outlook are still bleak despite recording narrowed losses sequentially. Kenanga Research said Sapura Energy's first quarter (Q1) core losses had narrowed from almost RM1.2 billion from the previous quarter largely due to the better engineering and construction (E&C) contributions. (NST)

CC International Bhd made its debut on the LEAP Market of Bursa Malaysia with an opening price of 27 sen, representing a premium of one sen over its 26 sen reference price. “Today, we move one significant step closer to realising our business plans. Moving forward, we intend to leverage on our strong track record and continue to seek market opportunities and strengthen our presence in the local and regional markets. (The Star)

Spritzer Bhd’s margins in the near term are expected to be dragged down by higher input costs, the stronger US dollar and down-trading activities. While the group’s sales will likely recover given the reopening of the economy, Public Investment Bank Research (PublicInvest) is wary about the group’s profit margins due to the spike in resin prices. (The Star)

RHB Retail Research said D & O Green Technologies Bhd is poised for an uptrend rebound as it climbed higher towards hitting the RM4.04 immediate resistance (June 17’s high) on Monday on improved trading volume, surpassing the 21-day average line. In a trading stocks note on Tuesday (June 28), the research house said if the stock manages to breach above the resistance level, the stock may climb further towards the RM4.20 resistance, or April 21’s high, followed by RM4.43, or April 11’s high. (TheEdge)

RHB Retail Research said Harn Len Corporation Bhd is attempting to climb higher after bouncing off the 21-day average line on Monday, heading towards the RM1.28 immediate resistance.In a trading stocks note on Tuesday (June 28), the research house said if a breakout happens above that level, the bullish bias may propel the stock towards RM1.36 — Sept 13, 2021’s high — followed by the RM1.45 resistance, or the high of Sept 6, 2021. (TheEdge)

Source: New Straits Times, The Edge Markets, The Star  28 Jun 2022

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