Genting Malaysia Bhd is expected to see a much better financial year 2023 (FY23) backed by border reopening and recovery in tourism activities. Hong Leong Investment Bank Bhd (HLIB) said Genting Malaysia had reported a weaker-than-expected set of results in the third quarter (Q3) 2022. (NST)

Public Bank Bhd’s founder and chairman emeritus, director and adviser Tan Sri Teh Hong Piow passed away yesterday at the age of 92. Teh was born in Singapore on March 14, 1930 and has been married to Puan Seri Tay Sock Noy since 1956, a biography note on Public Bank’s website said. (TheStar)

Capital A Bhd’s unit AirAsia Aviation Group Ltd’s (AAAGL) move into Cambodia through a joint venture (JV) is seen as a step in the right direction by the analyst community. (TheStar)

Tan Chong Motor Holdings Bhd plans to provide 100 per cent sponsorship to low income (B40) students to pursue their interest in automotive technical and vocational education and training (TVET). (NST)

RHB Retail Research said Betamek Bhd is poised for an uptrend reversal, after it bounced off the 21-day average line and was headed for the 53.5 sen immediate resistance level on Monday, while trading intensified. (TheEdge)

DS Sigma Holdings Bhd targets to raise RM50.15 million for its initial public offering (IPO), which will be used to expand capabilities and capture more market share. Managing director Lucille Teoh Soo Lien said that following the listing, the company will have more opportunities to grow its market share, which stands at 2.5 per cent of the Malaysian market.

NationGate Holdings Bhd will use a large part of the proceeds raised from its listing to repay bank borrowings and as working capital. The ACE Market bound electronic manufacturing services (EMS) provider aims to raise RM165.5mil from its initial public offering (IPO) of 435.5 million new shares at an issue price of 38 sen per share. (TheStar)

Syarikat Takaful Malaysia Keluarga Bhd has declared an interim dividend of 13.5 sen per ordinary share under single tier for the financial year ending Dec 31, 2022 (FY22). (TheStar)

RHB Retail Research said Citaglobal Bhd is eyeing a further rebound, after it bounced off the 21-day simple moving average line, and hit the immediate resistance level of 27 sen on Monday, backed by stronger trading volume. (TheEdge)

Hong Leong IB Research has initiated coverage of ITMAX System Bhd with a “buy” rating at RM1.07 and target price (TP) of RM1.70. ITMAX operates in two business activities, namely: i) supply and installation of networked systems (TheEdge)

Source: New Straits Times, The Edge Markets, The Star 13 Dec 2022

Need a Trading Account?

Open a trading account now for FREE with our selected advertiser to enjoy Free Subscription to MQ Trader!
 

Contact Us

Please do not hesitate to contact us if you have any inquiries:

Facebook: https://www.facebook.com/mqtrader 
Instagram: https://www.instagram.com/mqtrader 
i3messanger: https://messenger.i3investor.com/m/chatmq 
YouTube: https://www.youtube.com/channel/UCq-26SGjlQTVQfO7DoEihlg 
Email: admin@mqtrader.com 
Contact Number: +60128058077