MQ Market Updates

MQ Market Updates - 15 April 2024

MQ Trader
Publish date: Mon, 15 Apr 2024, 05:12 PM

IHH Healthcare Bhd, one of the largest healthcare groups in the world, is looking to sustain its double-digit growth this year, with a focus on organic and inorganic growth, public and private partnerships, and the expansion of continuum of care via ambulatory care centres (ACCs). (NST)

Bandar Utama City Centre Sdn Bhd has appointed Solarvest Energy Sdn Bhd, a subsidiary of Solarvest Holdings Bhd, to install on-site solar photovoltaic panels and building-integrated PV panels at the 1 Utama Shopping Centre. (TheEdge)

Kumpulan Kitacon Bhd has via its wholly-owned subsidiary Kitacon Sdn Bhd accepted a job from Tropicana Alam Sdn Bhd for buildings works worth a sum of RM134.8mil. (TheStar)

Phillip Capital has initiated coverage on local power distribution system provider HE Group Bhd (HEG) with a “buy” rating at 49 sen and target price (TP) of 75 sen, pegged to target 18x price-to-earnings (PE) multiple (in line with the mechanical, electrical, and process utility peer valuation under its universe) on 2025E earnings per share. (TheEdge)

Pulp and paper manufacturer Nextgreen Global Bhd and China's Xiamen C&D Paper & Pulp Group Co. Ltd will build a paper pulp production facility on 17.4 hectares at the 166-hectare Green Technology Park (GTP) in Pekan, Pahang. (NST)

TA Securities has valued Main Market-bound MKH Oil Palm (East Kalimantan) Bhd (MKHOP) at 62 sen, based on CY2024 price-earnings ratio (PER) of 16x, which is 2x multiples lower than its sector target PER of 18x, after taking into consideration MKHOP’s smaller market capitalisation. (TheEdge)

Rakuten Trade has rated SNS Network Technology Bhd a “buy” at 41 sen, with a target price (TP) of 54 sen based on FY2025F price-earnings ratio of 15x, in line with industry peers. (TheEdge)

Electricity cable manufacturer Master Tec Group Bhd expects higher revenue growth and a demand shift towards aluminium in conductors, amid the recent surge in copper prices. (TheEdge)


Source: New Straits TimesThe Edge Markets The Star 15 April 2024 

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