MQ Market Updates

MQ Market Updates - 05 December 2022

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Publish date: Mon, 05 Dec 2022, 04:53 PM

Kimlun Corp Bhd's construction and precast margins could see sequential expansion going forward, said Hong Leong Investment Bank Bhd (HLIB Research). The research house said the contribution from Kimlun's new projects has increased and should continue picking up next year, led by its Sarawak-Sabah Link Road (SSLR) contract. (NST)

Optimax Holdings Bhd is expected to have a good proxy for the growing demand for eye surgeries in Malaysia, underpinned by the ageing population, improving medical insurance penetration, and affluence. CGS-CIMB Research forecasts surgery volumes to grow by 11.2 per cent in the financial year 2023 (FY23) is in line with Optimax's 10-20 per cent growth target, albeit at the lower end of the range. (NST)

Mestron Holdings Bhd has secured a S$3.2mil (RM10mil) purchase order from Tamaco Pole Manufacturing Pte Ltd.The speciality pole maker said the order is equivalent to about 22% of its revenue in FY21 and raises its total order book to RM63mil. (TheStar)

Tenaga Nasional Bhd (TNB) has called for energy players as well as the public and private sectors around the globe to continuously engage, collaborate and leverage each other’s best practices in the journey towards a sustainable future. (TheStar)

Comintel Corp Bhd’s share price surged over 333% after it resumed trade on Bursa Malaysia on Monday (Dec 5) following the upliftment of trading suspension of the stock. (TheEdge)

Yinson Holdings Bhd's subsidiary Yinson Production Ltd, has entered into an agreement with Azule Energy (Azule) for preliminary activities for the Agogo Integrated West Hub Development Project in Angola. Yinson said its subsidiary, Yinson Azalea Production Pte Ltd, has signed an agreement with Azule's subsidiary Eni Angola S.p.A for the project. (NST)

RHB Retail Research said CTOS Digital Bhd is poised to resume its uptrend above the 21-day average line as it attempted to surpass the the immediate resistance of RM1.44 last Friday for two consecutive sessions with strong trading volume. (TheEdge)

Source: New Straits Times, The Edge Markets, The Star 02 Dec 2022

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