MQ Market Updates

MQ Market Updates - 09 January 2023

MQ Trader
Publish date: Mon, 09 Jan 2023, 05:11 PM

Property developer Radium Development Bhd (RDB) has received approval from the Securities Commission Malaysia to undertake an initial public offering (IPO) to list on the Main Market of Bursa Malaysia. (NST)

RHB Retail Research said Inari Amertron Bhd is poised to resume its upside movement, eyeing to break past the RM2.75 immediate resistance. (TheEdge)

Gamuda Bhd has partnered with OCBC Bank (Malaysia) Bhd and OCBC Al-Amin Bank Bhd (collectively OCBC Malaysia) for its inaugural shariah-compliant sustainability-linked financing facility with an embedded sustainable derivative solution. (TheEdge) 

Bottled water producer Spritzer Bhd will invest RM30mil for a warehouse in Shah Alam this year to cater for an increase in production output, says managing director Datuk Lim Kok Boon. (TheStar) 

RHB Retail Research said Berjaya Corp Bhd is poised to extend the upside movement after breaking past the 30 sen resistance on strong volume. (TheEdge)

Construction player Aneka Jaringan Holdings Bhd (AJH) will increase its capacity in Indonesia this year to actively tap more projects given the country's growing infrastructure needs and the development of the new capital, Nusantara. (NST)

Hiap Teck Venture Bhd has turned more upbeat on its earnings prospects, underpinned by several positive developments in China which have boosted demand sentiment for steel products and declining coking coal prices, Hong Leong Investment Bank Bhd (HLIB) said. (NST)

Malaysian Genomics Resource Centre Bhd (MGRC) has established a strategic cooperation with SIRIM Bhd to explore the commercialisation of joint research and development (R&D) projects in the medical and biotechnology fields. (NST)

Citaglobal Bhd has entered into a memorandum of understanding (MoU) with Indonesia Battery Corp (IBC) for the proposed development of a battery cell manufacturing plant and battery energy storage system (BESS). (NST)

Petronas Chemicals Group Bhd (PCG) has has entered into a heads of agreement (HoA) to divest 25 per cent of its interest in Petronas Chemicals Fertiliser Sabah Sdn Bhd (PCFS) to SMJ Sdn Bhd. (NST)



Source: New Straits Times, The Edge Markets, The Star 09 Jan 2023

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