MQ Market Updates

MQ Market Updates - 18 November 2022

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Publish date: Fri, 18 Nov 2022, 04:51 PM


Sunway Real Estate Investment Trust's (SunREIT) performance is expected to be bolstered by the festive season and holidays in the coming quarters. According to Hong Leong Investment Bank (HLIB) Research, the hotel segment is expected to continue registering promising growth, driven by the positive average daily rate trend and sustained improvement in occupancy rates. (TheStar)

Axiata Group Bhd’s board of directors has announced that its shareholders have approved the proposed merger of the telecommunication operations of Celcom Axiata Bhd and Bhd. The telecommunications conglomerate said the decision was made at the group’s extraordinary general meeting (EGM) today. (TheStar)

Hong Leong Investment Bank (HLIB) Research is of the view that the market has pretty much priced in the “worst-case scenario” for Dagang NeXchange Bhd (DNeX) — which is a highly unlikely outcome of its 60%-owned SilTerra Malaysia Sdn Bhd breaching the 55% Malaysian entity regulation set by the Ministry of International Trade and Industry (MITI). (TheEdge)

Inari Amerton Bhd remains cautious on growth in its recurring radio frequency and optoelectronics business for the rest of its current financial year ending June 30, 2023. In a filing with Bursa Malaysia yesterday, the semiconductor firm said this was in view of global economic uncertainties arising from inflation, conflicts and supply chain disruptions due to covid lockdowns. (TheStar)

AirAsia X (AAX), the mid-range airline affiliate of AirAsia Aviation Group, is re-launching direct flights from Kuala Lumpur to Busan, South Korea, with three weekly flights, starting in early 2023. In a statement today, AAX said this will be its second route to South Korea after launching flights to Seoul in April this year. (TheStar)


Source: New Straits Times, The Edge Markets, The Star 17 Nov 2022

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