MQ Market Updates

MQ Market Updates - 04 April 2024

MQ Trader
Publish date: Thu, 04 Apr 2024, 05:16 PM

Shares of UMediC Group Bhd surged on Thursday after the medical device company secured approval for a proposed listing transfer to the Main Market of Bursa Malaysia. (TheEdge)

The recent earthquake in Hualien County, Eastern Taiwan, won't have an impact on Gamuda Bhd's operations there, according to RHB Research. (NST)

FGV Holdings Bhd, which has reimbursed a total of RM72.2mil to its active migrant workers, is expected to submit a petition to the US Customs and Border Protection (USCBP) in June. (TheStar)

TA Research has valued Main Market-bound Keyfield International Bhd at RM1.42 a share, a 58% premium to its initial public offering (IPO) price of 90 sen a share. (TheStar)

Maybank Investment Bank (Maybank IB) has adjusted downward QL Resources Group's earnings estimates for its fiscal year 2024 (FY24E) by 4.0 percent. (NST)

Rakuten Trade Sdn Bhd has boosted Muhibbah Engineering (M) Sdn Bhd's earnings per share (EPS) for fiscal years 2024 and 2025 (FY24/FY25), marking increases of 41 per cent and 43 per cent respectively. (NST)

ACE Market-bound Topmix Bhd’s growth is expected to be supported by a better industry outlook as well as better margins, TA Research says. (TheStar)

RHB Retail Research said Bina Darulaman Bhd is poised to resume its uptrend after Wednesday’s retreat from the recent breakout — maintaining above the rising 21-day simple moving average (SMA) line. (TheEdge)

RHB Retail Research said Lay Hong Bhd is set to trend higher after rebounding above the 21-day simple moving average (SMA) line — recently surpassing the 41 sen immediate resistance with strong volume. (TheEdge)


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

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