MQ Market Updates

MQ Market Updates - 22 December 2023

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Publish date: Fri, 22 Dec 2023, 05:08 PM

Nestlé (Malaysia) Bhd will continue to expand its role as a major contributor to the country's ecological revitalisation initiative, which aims to plant 100 million trees by 2025. (NST)

DRB-Hicom units, Avis Malaysia, Automotive Corp Malaysia Sdn Bhd (ACM Isuzu) and DRB-Hicom Auto Solutions Sdn Bhd (DHAS), have entered into a strategic collaboration to provide innovative solutions in the automotive industry. (TheStar)

Well Chip Group Bhd is offering 150 million new shares in an initial public offering (IPO), representing 25% of its enlarged issued share capital, as it seeks a listing on the Main Market of Bursa Malaysia. (TheEdge)

Share price of listed feedmillers Leong Hup International Bhd, Malayan Flour Mills Bhd fell while PPB Group Bhd's was unchangedl after their subsidiaries were fined RM415.5 million for being part of a "chicken feed cartel". (NST)

The return to profitability of MyNews Holdings Bhd for the fourth quarter ended Oct 31 (4QFY2023) has prompted analysts to revise their earnings forecast and recommendation for the convenience store operator. (TheEdge)

AEON Credit Services' first nine-month financial year 2024 (9MFY24) results met expectations, according to RHB Research. (NST)

MIDF Research maintained its “buy” call on Mah Sing Group at 82 sen with an unchanged target price (TP) of 99 sen on the back of a positive outlook for new property sales growth, driven by Mah Sing’s M-series affordable homes. (TheEdge)

RHB Retail Research said ILB Group Bhd is poised to resume its uptrend for a fresh 52-week high, as it bounced off the 21-day simple moving average line on Thursday, testing 76 sen, its 52-week high. (TheEdge)


Source: New Straits TimesThe Edge Markets The Star 22 December 2023

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