MQ Market Updates

MQ Market Updates - 12 May 2023

MQ Trader
Publish date: Fri, 12 May 2023, 05:21 PM

Malaysia Airports Holdings Bhd (MAHB) is optimistic of closing the year with a near full recovery of its passenger numbers at all of its 39 airports nationwide as air travel demand continues to soar. (NST)

Tenaga Nasional Bhd (TNB) shares gained as much as 40 sen or 4.4% to RM9.49 on Friday, following increased interest from institutional shareholders and the prospect of lower receivables due to the slump in fuel prices. (TheEdge)

Sime Darby Property Bhd’s semi-detached villas, The Eighth in the City of Elmina township located in Shah Alam, Selangor has achieved a 70% take-up rate since its official launch in April 2023.  (TheEdge)

DXN Holdings Bhd's initial public offering (IPO) was oversubscribed by 3.2 times by the Malaysian public, ahead of its return to the Main Market of Bursa Malaysia on May 19. (TheStar)

MR DIY Group Bhd's recent earnings announcement met the  expectations of analysts, who are optimistic of further earnings momentum in subsequent quarters. (TheStar)

Property developer EcoWorld Development Group Bhd's Eco Business Park V (EBP 5), a 117-acre development in Puncak Alam, will offer bigger units with more options for customisation for its 92-acre South Gate project. (NST)

Maybank Investment Bank Bhd (Maybank IB) said Heineken Malaysia Bhd's first quarter results, which concluded on March 31, 2023 (1Q23), were in line with those anticipated by the firm. (NST)

Cahya Mata Sarawak Bhd lacks a framework and concrete mid- and long-term objectives in terms of environmental, social, and governance (ESG), said Maybank Investment Bank Bhd (Maybank IB). (NST)

Uzma Berhad is anticipated to acquire more contracts with higher revisions as a significant beneficiary of growing brownfield activities, according to Public Investment Bank Bhd (PublicInvest). (NST)

Tomei Consolidated Bhd is optimistic that the demand for gold would remain steady despite the current higher prices, thus, ensuring that the manufacturer and retailer of jewellery to stay profitable in the financial year 2023 (FY 2023). (TheStar)

Bursa Malaysia has slapped PJBumi Bhd with an unusual market activity (UMA) query after the engineering and construction services group’s share price leapt as much as 28% to an intraday high of RM1.60 on Friday (May 12). (TheEdge)

Petra Energy Bhd announced that its subsidiary, Petra Resources Sdn Bhd, has been awarded a subcontract from Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE) for the Kasawari CCS project. (TheEdge)

 

Source: New Straits Times, The Edge Markets, The Star 12 May 2023

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