MQ Market Updates

MQ Market Updates - 12 July 2023

MQ Trader
Publish date: Wed, 12 Jul 2023, 05:00 PM

MST Golf Group Bhd, which is en route to list on Bursa Malaysia’s Main Market on July 20, has its initial public offering (IPO) oversubscribed by 5.28 times. (TheStar)

T7 Global Bhd's wholly-owned subsidiary Tanjung Offshore Services Sdn Bhd has announced the commencement of gas production by the TSeven Elise mobile offshore production unit (Mopu) at the Bayan field. (TheStar)

Sime Darby Motors has appointed 14 BYD dealers across Malaysia to strengthen its electric vehicle (EV) foothold. (TheEdge)

Velesto Energy Bhd is expected to be the beneficiary from the current upward trend in charter rates and future improvements, according to Hong Leong Investment Bank (HLIB). (NST)

RHB Research has raised the earnings forecast for Samaiden Group Bhd by 22%-20% for FY2024-2025 after increasing its order book assumption by another RM300 million, driven by the upcoming Corporate Green Power Programme (CGPP). (TheEdge)

Electronics component maker Salutica Bhd's share price surged as much as 32.23% or 19.5 sen to 80 sen in Wednesday (July 12) morning trade, after it announced that the hearing for Apple Malaysia Sdn Bhd's disqualification application has been fixed for Aug 23, 2023. (TheEdge)

 

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

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