MQ Market Updates

MQ Market Updates - 30 January 2024

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Publish date: Tue, 30 Jan 2024, 05:18 PM

TMC Life Sciences Bhd has suspended the employment of Wan Nadiah Wan Mohd Abdullah Yaakob from her positions as the group chief executive officer (GCEO)and chief executive officer (CEO) of Thomson Hospitals Sdn Bhd. (NST)

Shares of YTL Power International Bhd climbed to a fresh high of RM4.22 on Tuesday morning as analysts are upbeat on robust earnings from its Singapore business PowerSeraya and gradual improvements from its UK division, Wessex Water. (TheEdge)

Electrical engineering service provider HE Group Bhd made its debut on the ACE Market of Bursa Malaysia at 43 sen a share, which represents a 15 sen or 53.57% premium to its initial public offering price of 28 sen a share. (TheStar)

S P Setia Bhd handed over Gerai MBSA and a surau in Setia Alam Impian, Shah Alam, to the Valuation Department, Shah Alam City Council and the Selangor Islamic Religious Department recently. (TheEdge)

The manager of Sunway Real Estate Investment Trust (SunREIT) has announced that it has acquired 163 Retail Park in Mont Kiara, Kuala Lumpur, for RM215mil. (TheStar)

YNH Property Bhd yesterday said it will use RM110.9 million of the proceeds from the sale of seven-storey 163 Retail Park for RM215 million, for redemption of a property charged to Public Bank Bhd. (NST)

Sunsuria Bhd has proposed to increase its equity interest in its subsidiary, Bangsar Hill Park Development Sdn Bhd (BHP Development), via a 33% stake purchase from Suez Capital Sdn Bhd and Dasar Temasek Sdn Bhd for RM71.4mil. (TheStar)

RHB Retail Research said ITMAX System Bhd is attempting to stage a bullish breakout, while grazing the immediate resistance of RM1.90 on high volume. (TheEdge)

TA Securities has maintained its “sell” rating on Lotte Chemical Titan Holding Bhd (LCTitan) at RM1.46 with an unchanged target price of RM1.05 and said the company’s near-term earnings outlook remains challenging. (TheEdge)

Shares of Nylex (M) Bhd fell as much as 10.5 sen or 34% in active trade on Tuesday morning, following news that the counter will be suspended from trading eight days from now on Feb 7. (TheEdge)

Source: New Straits TimesThe Edge Markets The Star 30 January 2024

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