MQ Market Updates
MQ Market Updates - 10 January 2023
The High Court on Tuesday (Jan 10) allowed the petition made by six financial institutions to wind up Serba Dinamik Holdings Bhd and its three companies, namely Serba Dinamik International Ltd (SDIL), Serba Dinamik Sdn Bhd and Serba Dinamik Group Bhd. (TheEdge)
Shares in Inari Amertron Bhd fell as much as 13 sen or 4.6% to RM2.67 in morning trade on Tuesday (Jan 10), after consumer electronics giant Apple Inc reportedly plan to drop Broadcom Inc's chip from its devices, replacing the key chip with an in-house design by 2025. (TheEdge)
Bintai Kinden Corporation Bhd is venturing into digital assets through its wholly-owned subsidiary, Bintai Trading Sdn Bhd (BTSB), as part of the company's treasury management. (NST)
LBS Bina Group Bhd has targeted to achieve RM2.0 billion in property sales this year, maintaining its remarkable performance in 2022. (NST)
GDB Holdings Bhd has lifted its suspension of works on the 8 Conlay project following the receipt of partial payment towards outstanding sums owed by project-owner Damai City Sdn Bhd. (TheStar)
Managepay Systems Bhd (MPay) has inked a memorandum of understanding or MoU with Eddid Financial Holding Ltd to potentially cooperate to launch and market the latter’s Internet-based securities trading mobile application in Malaysia. (TheStar)
RHB Retail Research said YX Precious Metals Bhd is set to propel towards its historical high after it reclaimed above the 27 sen resistance level on Monday, coupled with strong trading volume. (TheEdge)
RHB Retail Research said Leform Bhd is in the midst of rebounding from its sideways consolidation phase as it bounced off the immediate support to retest the 22.5 sen immediate resistance level on Monday. (TheEdge)
Source: New Straits Times, The Edge Markets, The Star 10 Jan 2023
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