MQ Market Updates

MQ Market Updates - 05 May 2023

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Publish date: Fri, 05 May 2023, 05:17 PM

Sunway Real Estate Investment Trust's (Sunway REIT) earnings outlook is anticipated to be favourable due to a rebound in consumer spending and tenant sales, said MIDF Research. (NST)

Westports Holdings Bhd reported a throughput volume of 2.55 million TEUs in the first quarter of 2023 with much of the volume underpinned by intra-Asian shipments. (TheStar)

Fraser & Neave Holdings Bhd (F&N) is optimistic of delivering a higher bottom line for the financial year ending Sept 30, 2023 (FY2023) despite higher commodity costs due to the rising interest rate environment. (TheEdge)

The shares of Transocean Holdings Bhd have increased by a sizable 20 per cent year to date. Sultan Idris Shah of Selangor emerged as a significant shareholder in the logistics and IT company with a deemed stake of 30.73 per cent last week. (NST)

Hong Leong Investment Bank Research has maintained its “Hold” rating on Frontken Corp Bhd at RM2.99 with a lower target price (TP) of RM3 (from RM3.20) and said the company’s 1Q23 revenue of RM114 million yielded a core net profit of RM23 million (-29% q-o-q, -19% y-o-y) which missed expectations. (TheEdge)


Source: New Straits Times, The Edge Markets, The Star 05 May 2023

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