MQ Market Updates

MQ Market Updates - 20 February 2024

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Publish date: Tue, 20 Feb 2024, 05:14 PM

Telekom Malaysia Bhd's (TM) enterprise and government sector solutions arm, TM One today launched its innovation lab and enterprise 5G lab to empower and drive digitalisation in the enterprise and government sector. (NST)

CelcomDigi Bhd is moving forward with integration efforts as it seeks to further unlock the synergies and benefits envisioned from the merger. (TheStar)

Swift Haulage Bhd, Malaysia's largest haulier and leading integrated logistics service provider, announced the official launch of its eco-friendly warehouse and haulage office in Westports. (TheEdge)

Hibiscus Petroleum Bhd says it is staying the course on increasing shareholder value as it continues to explore new opportunities in oil and gas. (TheStar)

Astro intends to take stern action against anyone found guilty of streaming or showing its copyrighted content, its chief sales and marketing officer Tai Kam Leong said. (NST)

Yinson Holdings Bhd, an energy infrastructure firm, is considering raising about US$1 billion (RM4.79 billion) in a funding round for its floating production, storage and offloading (FPSO) unit before an initial public offering (IPO) of the business, people with knowledge of the matter said. (TheEdge)

Hong Leong Investment Bank (HLIB) research expects Dialog Group Bhd's operating margins to continue to expand in the upcoming quarters, after second quarter financial year 2024 (2QFY2024) core earnings grew 13.2 per cent year-on-year (YoY). (NST)

Hextar Global Bhd is reaping the rewards of recent acquisitions, as indicated by the surge in operating and pre-tax profits, according to Public Investment Bank (PublicInvest). (NST)

RHB Retail Research said Samaiden Group Bhd’s price is set for an uptrend after recently experiencing a technical breakout above the RM1.22 level with strong trading volume. (TheEdge)

RHB Retail Research said FGV Holdings Bhd’s price is set for an uptrend rebound after bouncing off the 21-day simple moving average line, testing the RM1.50 mark during intraday session on Monday, backed by a surging trading volume. (TheEdge)

Rakuten Trade said Matrix Concepts Holdings Bhd may extend it upward trajectory after breaking out from its three-week bullish rectangular pattern and surpassing the immediate resistance of RM1.79 with a long white candle on Monday. (TheEdge)

Shares in Dialog Group Bhd surged on Tuesday and were set for their strongest gain in a single day in nearly 13 months, as analysts urged investors to buy the stock following the company's second-quarter results. (TheEdge)

Source: New Straits TimesThe Edge Markets The Star 20 February 2024 

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