MQ Market Updates

MQ Market Updates - 17 April 2024

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Publish date: Wed, 17 Apr 2024, 05:10 PM

Heitech Padu Bhd has secured a contract worth RM190.01 million from the Road Transport Department (JPJ). (NST)

Practice Note 17 (PN17) company Serba Dinamik Holdings Bhd has obtained another extension from Bursa Malaysia to submit its regularisation plan. (TheStar)

Reservoir Link Energy Bhd’s 51%-owned subsidiary Founder Energy Sdn Bhd (FESB) has secured a RM22 million subcontract job for a 50-megawatt alternating current solar farm in Kulim, Kedah. (TheEdge)

Maxis Bhd is targeting an RM813 million investment that will enhance its mobile network capacity, grow its fibre-to-the-premise footprint, and improve digitalisation across the company. (TheStar)

Fraser & Neave Holdings Bhd (F&N) is expected to reap significant benefits from the upcoming heatwave in Southeast Asia given its dominant position in the food and beverage (F&B) sector in the region. (NST)

Alpha IVF Group Bhd remains committed to its growth strategy by focusing on both domestic and international expansion. (TheStar)

Keyfield International Bhd, an oil and gas services firm en route to Bursa Malaysia’s Main Market, reported a 72.43% surge in its fourth-quarter net profit, driven by higher vessel utilisation and charter rates. (TheEdge)

RHB Retail Research said Carimin Petroleum Bhd is set for an uptrend reversal after staging a bullish breakout above the RM0.88 resistance on Tuesday — coupled with strong trading volume. (TheEdge)

RHB Retail Research said Salcon Bhd has confirmed the bullish reversal setup after breaking past a key resistance on strong volume. (TheEdge)

Hong Leong Investment Bank (HLIB) has maintained its “buy” rating on UMediC Group Bhd (UMC) at 62.5 sen with an unchanged target price (TP) of 91 sen and said UMC's expansion efforts post completion of its new facility aim to double manufacturing capacity to 600,000 units per month by Dec 2024. (TheEdge)


Source: New Straits TimesThe Edge Markets The Star 17 April 2024 

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