MQ Market Updates

MQ Market Updates - 19 December 2023

MQ Trader
Publish date: Tue, 19 Dec 2023, 05:10 PM

Sustainable energy and engineering solutions provider Kinergy Advancement Bhd (KAB) is upbeat about its outlook and positive on the nation's renewable and sustainable energy initiatives. (NST)

GDEX Bhd has been awarded "Best in Future of Trust" at the 7th IDC Future Enterprise Awards that took place on Oct 30 in Singapore. (TheStar)

Shares in Apollo Food Holdings Bhd spiked to a seven-year high of RM5.78 on Tuesday's morning trade session, after it announced that Scoop Capital Sdn Bhd, the franchisee of Baskin-Robbins, is acquiring a controlling stake in the company. (TheEdge)

Alliance Bank Malaysia Bhd (ABMB) recently clinched 12 awards for its digital transformation and Environmental, Social and Governance (ESG) initiatives. (NST)

Hong Leong Investment Bank (HLIB) Research has lowered its earnings forecasts for UWC Bhd for financial year 2024 (FY24)–FY26 by 16 per cent, 1.0 per cent and 1.0 per cent respectively, after its net profit for the first quarter of FY24 (Q1 FY24) missed expectations. (NST)

RHB Retail Research said Bursa Malaysia Bhd is poised to break past the consolidation phase after rebounding above the 21-day simple moving average line, as it approached the immediate resistance level of RM6.95 on Monday following a surge in trading volume. (TheEdge)

 

Source: New Straits TimesThe Edge Markets The Star 19 December 2023

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