MQ Market Updates

MQ Market Updates - 06 March 2023

MQ Trader
Publish date: Mon, 06 Mar 2023, 05:15 PM

Strong export prices for Malaysian hardwood plywood has given a major lift to the earnings of Ta Ann Holdings Bhd’s timber business. In the 12 months to December 2022,Ta Ann recorded a 35% jump in the average selling price of its plywood products, with the bulk of the exports going to Japan. (TheStar)

Power Root Bhd has set its sights on expanding the market share of its coffee products and beverage offerings through competitive pricing. (TheStar)

Analysts continue to see value in plantation-based group IOI Corp Bhd’s integrated business, with its downstream earnings helping support the weaker upstream earnings during a lower crude palm oil (CPO) price environment. (theEdge)

Reservoir Link Energy Bhd's new wastewater treatment plant is expected to provide recurring income to the company, said Public Investment Bank Bhd (PublicInvest). (NST)

Minetech Resources Bhd (MRB) is optimistic about securing more renewable energy (RE) projects as the company sees ample opportunities to explore the RE space in Malaysia. (NST)

The favourable development of the revised charter rates and contracts secured will likely lead to a strong 2023 earnings turnaround for Velesto Energy Bhd. Affin Hwang Capital said Velesto has successfully negotiated higher charter rates for the remaining tenure of the Petroliam Nasional Bhd's (Petronas) umbrella contract, which should help cushion an expected opex cost increase. (NST)



Source: New Straits Times, The Edge Markets, The Star 06 Mar 2023

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