MQ Market Updates

MQ Market Updates - 05 March 2024

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Publish date: Tue, 05 Mar 2024, 05:22 PM

Solarvest Holdings Bhd's unit, Solarvest Energy Sdn Bhd, has been appointed by Gentari Renewables Sdn Bhd to install solar power systems at over 300 Petronas stations across Malaysia by 2027. (NST)

CELCOMDIGI Berhad (CelcomDigi), U Mobile Sdn Bhd (U Mobile) and ZTE Corporation (ZTE) signed a memorandum of understanding (MoU) on Feb 26. The collaboration aims to showcase the capabilities of 5G-Advanced (5G-A) technology, artificial intelligence (AI) and digital solutions for real-time live broadcasting. (TheStar)

Tourism-related property developer Yong Tai Bhd, through its wholly owned subsidiary PTS Impression Sdn Bhd (PTSI), has entered into a strategic collaboration agreement with 828 Asia Pte Ltd, a subsidiary of Singapore-based event organiser Ebenex Group on Feb 28, 2024, to promote Yong Tai’s Encore Melaka Theatre, according to a statement on March 5. (TheEdge)

Crest Builder Holdings Bhd's wholly-owned subsidiary Crest Builder Sdn Bhd has received a contract worth RM448.5mil from Sunway Velocity Three Sdn Bhd for the proposed commercial development of service apartments in Section 90, Jalan Shahbandar, Kuala Lumpur. (TheStar)

Spritzer Bhd has been honoured at the 2023 Putra Brand Awards. First is the Gold Award in the beverage-non alcoholic category for Spritzer and a Putra Brand Personality Award in the special awards category for its founder and managing director Datuk Lim Kok Boon. (NST)

Malaysia Building Society Bhd is set up for a technical breakout after yesterday's strong volume bounce off the ascending 21-day simple moving average line, according to RHB Retail Research. (NST)

PublicInvest Research has raised its earnings forecast for Mega First Corp Bhd by five per cent to 10 per cent for the financial year 2024 (FY24) until FY26, following the company's increased stake in Don Sahong Hydropower from 80 per cent to 95 per cent. (NST)

Hong Leong Investment Bank (HLIB Research) expects Heineken Malaysia Bhd to achieve earnings growth in the financial year 2024 (FY24), driven by the expectation of higher beer sales volume amidst improving consumer sentiment.  (NST)

Source: New Straits TimesThe Edge Markets The Star 05 March 2024 

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