MQ Market Updates

MQ Market Updates - 10 March 2023

MQ Trader
Publish date: Fri, 10 Mar 2023, 04:59 PM

Cape EMS Bhd has debuted on the main market of Bursa Malaysia at RM1.42, representing a 57.8 per cent premium over its initial public offering (IPO) price of 90 sen a piece. The company said it had an opening volume of 42 million shares. (NST)

Dialog Bhd may see better quarterly earnings ahead from rising tank utilisation and storage rates, and if it is able to secure higher rates for plant maintenance work. (TheStar)

Tenaga Nasional Bhd (TNB), through its wholly-owned subsidiary GSPARX Sdn Bhd (GSPARX), will install a rooftop solar photovoltaic (solar PV) system with 1.3-megawatt peak (MWp) capacity for Seng Hin Rubber (M) Sdn Bhd (Seng Hin) at its factory in Kelantan. (TheStar)

Hong Leong Investment Bank (HLIB) Research has maintained a “buy” rating on Sunway Bhd at RM1.63, with an unchanged target price (TP) of RM2.65, and said the group has a well-planned growth strategy moving into FY2023. (TheEdge)

The goverment's plan to review the current renewable energy export (RE) ban is positive for YTL Power International Bhd, as it should pave the way for the group to participate in upcoming power import tenders by the Singaporean authority. (TheEdge)

Lee Swee Kiat Group Bhd (LSK) expects export sales to rebound in FY23, particularly in the second half (2H) of FY23, premised on the decline in freight charges since the 2H of 2022 and more marketing activities, especially in international trade fairs. (NST)

Eastern & Oriental Bhd (E&O) is set to launch the second project on its 760-acre Andaman island master plan in Penang, following the success of the first residential launch — The Meg.  (TheEdge)


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

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