MQ Market Updates

MQ Market Updates - 24 March 2023

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Publish date: Fri, 24 Mar 2023, 05:59 PM

Removing the one-off items and engineering, procurement, construction, installation and commissioning (EPCIC) gains, Yinson Holdings Bhd's financial year ended Jan 31 2023 results surprise RHB Research positively. (NST)

The RM605 million Johor Bahru-Singapore Rapid Transit Systems Link (RTS) contract has lifted Sunway Construction Group Bhd's (SunCon) outstanding orderbook to RM11.9 billion, Kenanga Research said. (NST)

Dagang NeXchange Bhd (DNeX) and Ajlan & Bros Holding Group have teamed up to "revolutionise" smart cities integration and large IT projects in Saudi Arabia as well as other countries in the Middle East and North Africa (MENA). (NST)

Eco World Development Group Bhd (EcoWorld Malaysia) registered sales of RM1.35bil in the first four months of financial year 2023 (FY23), putting it on track to hit sales target of RM3.5bil for the year. (TheStar)

Hong Leong Investment Bank (HLIB) Research has maintained its “buy” rating of Gamuda Bhd at RM4.14 with an unchanged target price (TP) of RM4.88, and said Gamuda reported 1HFY2023 core Patami (profit after tax and minority interests) of RM385.0 million, slightly above house and consensus expectations at 52%/55% respectively. (TheEdge)


Source: New Straits Times, The Edge Markets, The Star 24 Mar 2023

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