MQ Market Updates

MQ Market Updates - 23 April 2024

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Publish date: Tue, 23 Apr 2024, 05:08 PM

Cypark Resources Bhd has announced its 100MWac Large Scale Solar 3 hybrid solar plant in Merchang, Terengganu, achieved initial operations on April 21, 2024. (TheStar)

Sapura Energy Bhd's share price jumped 22.22 per cent after it announced the sale of its entire 50 per cent stake in SapuraOMV Upstream Sdn Bhd to TotalEnergies Holdings SAS for US$705.3 million (RM3.37 billion). (NST)

Capital A Bhd’s unit AirAsia Consulting Sdn Bhd is still in the pre-qualification stage for the acquisition of national carrier SriLankan Airlines. (TheEdge)

Nestle (Malaysia) Bhd may  raise the prices of certain products containing coffee and cocoa beans in response to the increasing prices of the two commodities. (NST)

Axis Real Estate Investment Trust (Axis REIT), which mainly manages offices and warehouses, will gain a boost in earnings with the proposed RM351.8 million industrial acquisitions in Bukit Raja, Selangor, analysts said. (TheEdge)

Awanbiru Technology Bhd's (Awantec) shares will be suspended on Apr 26, 2024, notwithstanding an appeal against the suspension which Bursa Malaysia Securities Bhd's regulatory committee is reviewing. (NST)

HHRG Bhd has been queried by Bursa Malaysia for further information concerning its proposed acquisition of 51 per cent stakes in two companies jointly owning land in Kuala Muda, Kedah.  (NST)

Hong Leong Investment Bank (HLIB) research sees great potential in a collaboration between ITMAX System Bhd and Johor Corporation Bhd's unit Jland Group Sdn Bhd, given Jland's vast project portfolio. (NST)

Shares in Topmix Bhd opened at 41 sen a share on its trading debut, representing a 32.3% or 10 sen premium over its initial public offering (IPO) price on the ACE Market of Bursa Malaysia. (TheStar)

Ancom Logistics Bhd (ALB) has proposed to acquire the entire share capital of Green Lagoon Technology Sdn Bhd for RM120mil, in exchange for one billion new shares in ALB at an issue price of 12 sen per share. (TheStar)

Hong Leong Investment Bank (HLIB) has a “trading buy” rating on SDS Group Bhd. The research house said that with 33 of its food and beverage (F&B) outlets situated across Johor and a wholesale segment that is focusing in this region, SDS appears strategically positioned to leverage the burgeoning vibrancy in Johor, propelled further by the continuous influx of visitors from Singapore. (TheEdge)

RHB Retail Research said Cloudpoint Technology Bhd is eyeing an uptrend movement after rebounding from the immediate support, testing the 64 sen immediate resistance level. (TheEdge)


Source: New Straits TimesThe Edge Markets The Star 23 April 2024 

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