CelcomDigi Bhd (CelcomDigi) has entered into a partnership with SoftBank Corp and SC-NEX to accelerate the digitalisation of Malaysian enterprises with the adoption of Industry Revolution 4.0 solutions. CelcomDigi chief executive officer Datuk Idham Nawawi said the company is thrilled to partner leading global technology giants SoftBank and Sumitomo's SC-NEX, in its continuous aspiration to build the nation's digital ecosystem. (NST)
IJM Corp Bhd's acquisition of a 25 per cent share in Global Vision Logistics (GVL) will increase its expertise in industrial buildings and give it a new source of recurring revenue. The RM89 million deal, according to RHB Research, equates to RM110 per square foot (psf) for IJM Corp. (NST)
ACE Market Wentel Engineering Holdings Bhd is targeting estimated proceeds of RM71.03mil from its initial public offering (IPO) to cater for the next phase of its business expansion. At the launch of its prospectus, the group said it will issue 273.2 million new shares at a price of 26 sen a share. Of the total proceeds, it said 56.31% will be used to part finance the construction of its new manufacturing plant and 35.24% of the amount will go towards part financeing the purchase of new machinery and equipment, while the remaining proceeds will offset listing-related expenses. (TheStar)
Sunway Construction Group Bhd (SunCon) is expected to be a beneficiary of the Johor-Singapore Special Economic Zone (JS-SEZ), given the group’s wide area of expertise. RHB Investment Bank noted that the group had several projects ranging from industrial buildings to renewable energy. (TheStar)
Foreign funds continue pouring into YTL Power International Bhd making it the top gainer among FBM KLCI-linked stocks on the local bourse this year. In the year-to-date period, YTL Power’s shares had gained more than 44% at last Friday’s close and the gains have sustained amid some cautiousness from local investors who have been net sellers of the stock since the beginning of the year. (TheStar)
SkyWorld Development Bhd’s co-living space, named SkyBlox, at the 42-acre SkySanctuary township in Setapak, Kuala Lumpur, has achieved a Qlassic score of 86%. A statement last Friday (Jan 12) said this is the highest Qlassic score attained by the developer. SkyBlox has been designed with a prefabricated modular system that allows for easy removal and relocation of units. The co-living development comprises 320 rooms with single beds, queen beds, or bunk bed options. The rooms have built-up sizes ranging from 106 to 160 sq ft. The units, which are all fully furnished, are priced from RM780 per month. (TheEdge)
RHB research has initiated a "Buy" coverage on Malaysia's only cross-border e-commerce furniture distributor, Synergy House Bhd, for its assetlight model – focusing on design and primarily selling online. About 80 per cent of its sales for the nine-month period in financial year 2023 was from online. This spares it from high overhead costs and allows it to be versatile and quick in adapting to market changes. (NST)
Press Metal Aluminium Bhd's fourth quarter of 2023 (Q4 2023) earnings are anticipated to be between RM305 million and RM325 million, representing an 18 per cent year-on-year (YoY) increase, said Hong Leong Investment Bank (HLIB Research). According to the research firm, this was calculated using Q4 2023 LME aluminum spot prices of US$2,193 per tonne. (NST)
AmInvestment Bank has maintained a “buy” call on Spritzer Bhd with an unchanged fair value of RM2.27 and no adjustments to its neutral environmental, social and governance rating of three stars. The research house said there has been a robust demand for bottled water as evidenced by its current plant utilisation rate which is at 75%. This is an increase from 70% in the third quarter of last year. (TheStar)
PublicInvest Research has revised upwards its earnings forecasts for Malakoff Corp Bhd by 4.4% for the financial year 2024 (FY2024) and by 9.8% for FY2025, due to growth in its environmental solutions segment, subsequently upgrading its call to "outperform" from "trading buy" and lifting its target price from 70 sen to 80 sen. "We came away from a meeting with management feeling positive on Malakoff’s earnings recovery and its prospect on cashflow generation. The setback on negative fuel margin in three consecutive quarters is expected to be resolved from 4QFY2023 (fourth quarter of FY2023) onwards on the back of stable coal prices," said the research house in a note on Monday. (TheEdge)
Source: New Straits Times, The Edge Markets The Star 15 January 2024
Open a trading account now for FREE with our selected advertiser to enjoy Free Subscription to MQ Trader!
Please do not hesitate to contact us if you have any inquiries:
Facebook: https://www.facebook.com/mqtrader
Instagram: https://www.instagram.com/mqtrader
MQ Chat: https://messenger.i3investor.com/m/chatmq
YouTube: https://www.youtube.com/channel/UCq-26SGjlQTVQfO7DoEihlg
Email: admin@mqtrader.com
Chart | Stock Name | Last | Change | Volume |
---|
2024-08-25
YTLPOWR2024-08-24
IJM2024-08-24
SYNERGY2024-08-23
CDB2024-08-23
IJM2024-08-23
IJM2024-08-23
IJM2024-08-23
IJM2024-08-23
IJM2024-08-23
IJM2024-08-23
IJM2024-08-23
MALAKOF2024-08-23
SUNCON2024-08-23
SUNCON2024-08-23
SUNCON2024-08-23
SUNCON2024-08-23
SUNCON2024-08-23
SUNCON2024-08-23
SUNCON2024-08-23
SUNCON2024-08-23
SUNCON2024-08-23
SUNCON2024-08-23
SYNERGY2024-08-22
CDB2024-08-22
CDB2024-08-22
IJM2024-08-22
IJM2024-08-22
MALAKOF2024-08-22
SPRITZER2024-08-22
SUNCON2024-08-22
SUNCON2024-08-22
SUNCON2024-08-22
SUNCON2024-08-22
YTLPOWR2024-08-22
YTLPOWR2024-08-22
YTLPOWR2024-08-22
YTLPOWR2024-08-22
YTLPOWR2024-08-22
YTLPOWR2024-08-22
YTLPOWR2024-08-22
YTLPOWR2024-08-22
YTLPOWR2024-08-22
YTLPOWR2024-08-21
CDB2024-08-21
CDB2024-08-21
IJM2024-08-21
IJM2024-08-21
IJM2024-08-21
MALAKOF2024-08-21
SUNCON2024-08-21
SUNCON2024-08-21
SUNCON2024-08-21
YTLPOWR2024-08-21
YTLPOWR2024-08-20
CDB2024-08-20
CDB2024-08-20
CDB2024-08-20
CDB2024-08-20
CDB2024-08-20
IJM2024-08-20
IJM2024-08-20
IJM2024-08-20
IJM2024-08-20
IJM2024-08-20
IJM2024-08-20
IJM2024-08-20
IJM2024-08-20
IJM2024-08-20
IJM2024-08-20
IJM2024-08-20
IJM2024-08-20
IJM2024-08-20
MALAKOF2024-08-20
SUNCON2024-08-20
SUNCON2024-08-20
SUNCON2024-08-20
SUNCON2024-08-20
YTLPOWR2024-08-19
CDB2024-08-19
CDB2024-08-19
CDB2024-08-19
CDB2024-08-19
CDB2024-08-19
CDB2024-08-19
CDB2024-08-19
CDB2024-08-19
CDB2024-08-19
IJM2024-08-19
IJM2024-08-19
IJM2024-08-19
IJM2024-08-19
IJM2024-08-19
SUNCON2024-08-19
SUNCON2024-08-19
SYNERGY2024-08-19
SYNERGY2024-08-19
SYNERGY2024-08-16
CDB2024-08-16
CDB2024-08-16
CDB2024-08-16
IJM2024-08-16
IJM2024-08-16
IJM2024-08-16
IJM2024-08-16
IJM2024-08-16
IJM2024-08-16
IJM2024-08-16
IJM2024-08-16
MALAKOF2024-08-16
MALAKOF2024-08-16
SUNCON2024-08-16
SUNCON2024-08-15
CDB2024-08-15
CDB2024-08-15
IJM2024-08-15
IJM2024-08-15
IJM2024-08-15
IJM2024-08-15
IJM2024-08-15
SUNCON2024-08-15
SUNCON2024-08-15
SUNCON2024-08-15
SUNCON2024-08-15
SYNERGY2024-08-15
SYNERGY2024-08-15
YTLPOWR2024-08-14
CDB2024-08-14
CDB2024-08-14
IJM2024-08-14
IJM2024-08-14
MALAKOF2024-08-14
PMETAL2024-08-14
YTLPOWR2024-08-13
CDB2024-08-13
CDB2024-08-13
IJM2024-08-13
IJM2024-08-13
MALAKOF2024-08-13
MALAKOF