MQ Market Updates

MQ Market Updates - 10 April 2023

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Publish date: Mon, 10 Apr 2023, 05:09 PM

UMW Holdings Bhd has secured a second contract worth RM1 billion from British aerospace company Rolls-Royce Holdings plc to manufacture rear cases for the latter's Trent 1000 and Trent 7000 aircraft engines. (TheEdge)

Maybank Investment Bank (Maybank IB) maintained its “buy” call on Capital A Bhd, with an unchanged target price of 90 sen. In a research note, Maybank IB said that Capital A will lower its fares at a slower pace following declining jet fuel prices, leading to substantial margin expansion. (TheEdge)

AirAsia X Bhd is executing its growth plans cautiously with calculated moves in terms of new routes introduction and fleet size as the airline sets out on a fresh new start this year. (NST)

Petronas Dagangan Bhd (PDB) is committed to leveraging the fuel demand by continuing to grow its core businesses in line with customers' evolving preferences, while at the same time enhancing revenue stream from the non-fuel segment. (NST)

Malaysia Airport Holdings Bhd (MAHB) is expected to leverage the strong recovery of air travel as airlines accelerate their flight capacities back to pre-pandemic levels. (NST)

Electronic manufacturing services (EMS) provider for automotive industry, Betamek Bhd's earnings are expected to align with Perodua's strong sales performance, being a key supplier of the car manufacturer. (NST)

Reservoir Link Energy Bhd's (RLE) 51 per cent owned subsidiary, Founder Energy Sdn Bhd, has bagged four solar contracts worth RM7.16 million. (NST)

NWP Holdings Bhd (NHB) has secured a two-year contract valued at RM36 million for a marine sand mining and transportation project in Melaka. (NST)

Bintai Kinden Corporation Bhd will submit its business regularisation plan to the Securities Commission (SC) and Bursa Malaysia within three months from the date of Practice Note 17 (PN17) status. (NST)

KKB Engineering Bhd's subsidiary OceanMight Sdn Bhd has secured a RM111.6mil contract from Samsung Engineering (M) Sdn Bhd for the module fabrication and supply of steel structures for Malaysia Shell R&M onshore gas plant project in Bintulu. (TheStar)

Press Metal Aluminium Holdings Bhd has secured immediate export sales of aluminium ingots worth RM110mil to Daching Enterprises Ltd in 2023. (TheStar)

Spritzer Bhd's trading stock saw buying interest on Monday, opening five sen or 2.12% higher at RM2.41 a share on the back of a proposed one-for-two bonus issue. (TheStar)


Source: New Straits Times, The Edge Markets, The Star 10 Apr 2023

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