MQ Market Updates

MQ Market Updates - 04 January 2023

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Publish date: Wed, 04 Jan 2023, 04:54 PM

Oppstar Bhd has obtained approval from Bursa Malaysia to be listed on the ACE Market. Executive director and chief executive officer Ng Meng Thai the approval allow the company to embark on the next phase of growth. With the continuing technological evolution and shortening of the product development cycle, integrated circuit (IC) designs are getting more advanced and complex. (NST)

Sunway Construction Bhd (SunCon) will be in a prime position to secure additional work should there be expansion plans from Yellowwood Properties Sdn Bhd, said Hong Leong Investment Bank (HLIB) Research. On December 31, 2022, SunCon entered into a contract with Yellowwood Properties carrying an approximate contract value of RM1.7 billion. (NST)

Crest Builder Sdn Bhd, a wholly owned subsidiary of Crest Builder Holdings Bhd, has secured a RM250.52mil contract by Sime Darby Property (Bukit Raja) Sdn Bhd for the construction of three blocks of condominiums with a car park podium based on a design and build contract in Putra Heights, Damansara, in Petaling Jaya. (TheStar)

Main market-listed G Capital Bhd's (GCap) wholly-owned subsidiary GPB Corporation Sdn Bhd (GCSB) signed a supplementary agreement for school bus transportation services with the Ministry of Defence Malaysia (Mindef). (NST)

The public portion of electronics manufacturing services provider NationGate Holdings Bhd's initial public offering (IPO) has been oversubscribed 16.49 times. (TheStar)

Cypark Resources Bhd rose by 1.92 per cent in the early session today on news that Jakel Group is expected to surface as the single largest shareholder. As of 10.20am, the renewable energy company advanced one sen to 53 sen, with 41.71 million shares traded. (TheStar)

Shares in 7-Eleven Malaysia Holdings Bhd jumped at the opening bell on Wednesday on news that Farhash Wafa Salvador had replaced Datuk Seri Robin Tan Yeong Ching as chairman. The stock rose six sen or 3.39% to RM1.83 a share at the start of the day's trading. (TheStar)

RHB Retail Research said Poh Kong Holdings Bhd is set to climb towards its eight-month high after breaching above the 82 sen level on Tuesday (Jan 3) on significant trading volume, forming a fresh “higher high” bullish pattern. (TheEdge)

RHB Retail Research said Jaya Tiasa Holdings Bhd is set propel northwards after it bounced off the 21-day average line and breached the 65 sen level on high trading volume on Tuesday (Jan 3), closing with a “higher high” bullish pattern. (TheEdge)


Source: New Straits Times, The Edge Markets, The Star 04 Jan 2023

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