MQ Market Updates

MQ Market Updates - 04 March 2024

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Publish date: Mon, 04 Mar 2024, 05:22 PM

Tenaga Nasional Bhd guided that the prolonged outage of Manjung 4 power plant may lead to capacity revenue loss of RM400 million this year, prompting analysts to moderate their earnings growth forecasts. (TheEdge)

S P Setia Bhd has achieved an 85% take-up rate for Irama Villa IV, since its official launch on March 3. Irama Villa IV is the final lineup of the Irama Villa series in the 1,904-acre Bandar Kinrara township in Puchong. (TheEdge)

Berjaya Land Bhd on Monday announced the commencement of construction for its second hotel development in Okinawa, Japan — Four Seasons Resort & Private Residences Okinawa (Four Seasons Okinawa). The 32-acre resort and residences development has a gross development value of US$1.12 billion (RM5.29 billion) and is poised to be the most luxurious beach resort in Okinawa. (TheEdge)

Alpha IVF Group Bhd is confident of maintaining a steady growth trajectory going forward, supported by its upcoming listing on the ACE Market of Bursa Malaysia and sound business strategies. (TheStar)

Founder and advisor for Berjaya Corporation Bhd Tan Sri Vincent Tan Chee Yioun today appealed to Malaysians to stop the boycott of Starbucks Malaysia, contending that it is only hurting Malaysians. (NST)

Shares of JAKS Resources Bhd fell to the lowest in nearly 16 years after the construction and power utilities group announced a private placement plan to raise up to RM53.15 million. (TheEdge)

The initiation of Phases 1A and 1B within the RM11 billion Bukit Jalil Sentral (BJS) project anticipated in the fourth quarter of this year is poised to ensure continued job stability for Malaysia Resources Corp Bhd (MRCB). (NST)

Mah Sing Group Bhd will launch a new serviced apartment development named M Sinar in its 428-acre Southville City township in Bangi, Selangor in 2Q2024, according to a press statement on March 4 (Monday). (TheEdge)

Hong Leong Investment Bank (HLIB Research) anticipates increased earnings momentum in fiscal year 2024 for Malaysia Airports Holdings Bhd (MAHB), propelled by sustained robust demand for air travel, particularly following the easing of visa requirements for travellers from the China and India sectors. (NST)

IHH Healthcare Bhd's expansion plans across its key markets is timely, supported by strong traction in its medical tourism division, said RHB Research. (NST)

RHB Retail Research said Jaya Tiasa Holdings Bhd has formed a bullish setup after breaking past the resistance on strong volume. (TheEdge)

RHB Retail Research said GFM Services Bhd could extend its upside movement after breaking past the key resistance level on high volume. (TheEdge)

Rakuten Trade said ITMAX System Bhd may trend higher after it surged to its all-time high last Friday to break out from its one-month ascending triangle pattern. (TheEdge)

Source: New Straits TimesThe Edge Markets The Star 04 March 2024 

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