MQ Market Updates

MQ Market Updates - 01 April 2024

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Publish date: Mon, 01 Apr 2024, 05:14 PM

Gadang Holdings Bhd said its plan to purchase a 8.53 hectare freehold land in Kwasa Damansara will take longer than expected with the Economic Planning Unit's (EPU) approval for the deal still pending. (NST)

Sin-Kung Logistics Bhd has entered into an underwriting agreement with M&A Securities Bhd for its upcoming initial public offering (IPO) on the ACE Market of Bursa Malaysia. (TheStar)

Betamek Bhd has entered into a share purchase agreement with Japan's Outsourcing Inc to acquire Sanshin (Malaysia) Sdn Bhd for RM13.4 million. (NST)

GUH Holdings Bhd will launch a RM1.1bil mixed-development township project in Simpang Ampat, Seberang Perai on a 46-acre site, this year. (TheStar)

Kerjaya Prospek Group Bhd's wholly owned subsidiary Kerjaya Prospek (M) Sdn Bhd has accepted a letter of award to undertake the substructure development works of a proposed service apartment project in Andaman Island, Penang RM33.2 million. (NST)

Gamuda Bhd is the clear winner of recent news that the Cabinet has greenlit the Penang LRT project, Hong Leong Investment Bank Bhd (HLIB) research said. (NST)

Genting Malaysia Bhd's Resorts World Genting is expected to see minimal impact from the opening of legal casinos in Thailand with less than 20 per cent of its gross gaming revenue (GGR) coming from foreigners, Maybank Investment Bank Bhd (Maybank IB) research said. (NST)

RHB Retail Research said AMMB Holdings Bhd is eyeing to extend the technical rebound, testing the immediate resistance. (TheEdge)

Rakuten Trade said Optimax Holdings Bhd may extend its upward trajectory after breaking out from its two-week bullish rectangular pattern last Friday. (TheEdge)

Kenanga Research has maintained its “underperform” rating on Star Media Group Bhd at 42 sen with an unchanged target price of 31 sen and said Star Media is pivoting towards real estate and offering niche weekly publications. (TheEdge)


Source: New Straits TimesThe Edge Markets The Star 01 April 2024 

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