MQ Market Updates

MQ Market Updates - 11 January 2023

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Publish date: Wed, 11 Jan 2023, 05:04 PM

Inari Amertron Bhd's outsourced semiconductor assembly and test (OSAT) business is unlikely to be affected by Apple's move to cut its dependency on Broadcom-supplied chips. (NST)

RHB Research is optimistic about KPJ Healthcare Bhd's outlook underpinned by returning medical tourists, rising numbers of surgeries (elective and acute cases) and improving operating efficiency as evident by the better bed occupancy rate (BOR). (NST)

Axiata group Bhd's fintech arm Boost has launched Merchant B2B Wallet that provides business owners with a wallet limit of up to RM500,000. (NST)

Solarvest Borneo Sdn Bhd has inked a memorandum of understanding (MoU) with the Centre for Technology Excellence Sarawak (CENTEXS) and Huawei Technologies (Malaysia) Sdn Bhd to launch a green energy lab in Kuching. (NST)

MISC Bhd may see potential impairments ahead despite having booked some of it in 2020. (TheStar)

KKB Engineering Bhd's subsidiary OceanMight Sdn Bhd has secured a contract with limited notice to proceed from Sarawak Shell Bhd for the provision of engineering, procurement and construction of standard wellhead platforms for the MLNG FaS (F27, F22 and Selasih) Gas Field Development. (TheStar)

The public portion of Kumpulan Kitacon Bhd's initial public offering has been oversubscribed 11.46 times, with applications for 124.58 million shares received from the Malaysian public. (TheStar)

Dagang NeXchange Bhd (DNeX) shares rose as much as 13.9% to 57.5 sen each in early morning trade on Wednesday (Jan 11), from Tuesday’s closing at 50.5 sen, with 78.9 million shares done after the company said no changes will be made to the composition of the board pending the conclusion of an ongoing court case. (TheEdge)

 

Source: New Straits Times, The Edge Markets, The Star 11 Jan 2023

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