MQ Market Updates

MQ Market Updates - 21 March 2024

MQ Trader
Publish date: Thu, 21 Mar 2024, 05:10 PM

The shareholders of Bonia Corporation Bhd are eyeing substantial growth opportunities amidst an anticipated surge in Malaysia's retail sector this year.  (NST)

Energy services firm T7 Global Bhd is planning to raise up to RM41.56 million via a private placement of a maximum of 90.5 million shares or 10% of its enlarged share base. (TheEdge)

Master Tec Group Bhd said that it is not aware of any rumour or report concerning the business and affairs of the company that could explain the recent trading activity. (NST)

Shares in SCGM Bhd touched a 10-month high on Thursday, as the former food packaging company’s acquisition plan drew the attention of investors. (TheEdge)

Boustead Holdings Bhd subsidiary, MHS Aviation Bhd (MHS), and Westair Helicopters has signed a seven-year leasing agreement to bolster offshore helicopter operations in Namibia, Africa. (NST)

Hong Leong Investment Bank Bhd (HLIB) views Top Glove Corp Bhd's share price decline as an opportunity for investors to accumulate on weakness, in anticipation of a turnaround expected in financial year 2025 forecast.  (NST)

Hong Leong Investment Bank (HLIB) has maintained its 'buy' rating of Malaysia Airports Holdings Bhd (MAHB) at RM9.12, with a higher target price (TP) of RM10.25 (from RM9.80), and said the finalisation of new operating agreements (OAs) and the first Regulatory Period (RP1) have effectively strengthened MAHB’s position in the development and management of airports in Malaysia with earnings certainty for the next 35 years. (TheEdge)

RHB Investment Bank has maintained its 'buy' rating of Yinson Holdings Bhd at RM2.48, with a lower target price (TP) of RM3.06 (from RM3.04), and said it is neutral on Yinson’s private placement as it is needed for continuous expansion in the renewable energy and green technology space. (TheEdge)

 

Source: New Straits TimesThe Edge Markets The Star 21 March 2024 

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