MQ Market Updates

MQ Market Updates - 25 April 2024

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Publish date: Thu, 25 Apr 2024, 05:25 PM

Axis Real Estate Investment Trust (Axis-REIT) is disposing of its property in Nusajaya, Johor, for RM162 million cash to a data centre operator. (NST)

Axiata Group Bhd and conglomerate PT Sinar Mas Group are moving forward with plans to merge their telecommunications operations in Indonesia, people familiar with the matter said. (TheStar)

Eden Inc Bhd’s major shareholder Tan Sri Abd Rahim Mohamad is proposing to settle a RM45.65 million debt his company owes Eden by transferring the ownership of a 2.4 million sq ft (about 55 acres) leasehold land to the listed entity. (TheEdge)

Agricore CS Holdings Bhd, a food ingredients supplier, has obtained approval from Bursa Malaysia Securities Bhd to list on its ACE Market. (TheEdge)

HeiTech Padu Bhd in a statement today said its ability to consistently deliver is a key reason for its success in securing high-profile government contracts based on merit across different government administrations. (NST)

CelcomDigi Bhd remains committed to safeguarding its customers by raising its security standards against the risk of emerging technologies, such as artificial intelligence (AI). (TheStar)

Fajarbaru Builder Group Bhd's (FBG) wholly-owned subsidiary, Fajarbaru Builder Sdn Bhd, has accepted a main building contract worth RM252.26 million from WCT Construction Sdn Bhd. (NST)

Hong Leong Investment Bank (HLIB) research in a note today said YTL Corporation Bhd's share price is undervalued at around RM2.71 a share currently, tagging a fair value fo RM3.33 a share to the company. (NST)

Suria Capital Holdings Bhd's partnership with DP World to manage Sapangar Bay Container Port (SBCP) presents an opportunity to tackle Sabah's high logistics costs. (NST)

Solarvest Holdings Bhd has delivered an additional 8.9 Megawatt peak (MWp) solar project to Nibong Tebal Paper Mill Sdn Bhd (NTPM). (TheStar)

YNH Property Bhd is aborting the sale of a 6.49-acre land in Segambut, and has appointed Chin Hin Group Property Bhd to develop the plot for a serviced apartment project that carries a potential gross development value (GDV) of RM685.1 million. (TheEdge)

RHB Retail Research said Naim Holdings Bhd is likely to resume its uptrend after the recent consolidation above the 97.5 sen breakout level. (TheEdge)

RHB Retail Research said NationGate Holdings Bhd is observing a technical breakout after climbing above the RM1.70 immediate resistance on surging trading volume. (TheEdge)

Synergy House Bhd may trend higher after breaking out from its one-week bullish rectangular pattern two sessions ago, to a new all-time high. (TheEdge)

Source: New Straits Times, The Edge Markets The Star 25 April 2024 

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