MQ Market Updates

MQ Market Updates - 26 April 2024

MQ Trader
Publish date: Fri, 26 Apr 2024, 05:12 PM

Capital A Bhd on April 25, 2024 entered into conditional share agreements with AirAsia Group Sdn Bhd (AAG) to dispose of AirAsia Aviation Group Limited (AAGL) and AirAsia Bhd (AAB) for RM6.8 billion, in a related party transaction. (NST)

Berjaya Corp Bhd (BCorp) has denied that its founder Tan Sri Vincent Tan is in talks regarding a casino licence in Forest City, Johor, as reported recently. (TheStar)

D&O Green Technologies Bhd, which mainly makes automotive light-emitting diodes (LEDs), is optimistic of at least 10% revenue growth this year and plans to build another facility in anticipation of “significant growth” over the next decade. (TheEdge)

Majuperak Holdings Bhd and Shizen International Bhd are exploring the development of ground-mounted solar photovoltaic projects and assessing potential bodies of water suitable for floating solar photovoltaic projects. (NST)

Pavilion Real Estate Investment Trust rose to its highest in more than a month after the release of its first-quarter results, while analysts expect the REIT, which mainly manages shopping malls, to benefit further from higher tourist arrivals. (TheEdge)

Spritzer Bhd today said that its managing director Datuk Lim Kok Boon has been mistakenly identified as an insider trading offender in a news report. (NST)

MAA Group Bhd has proposed to disposed of its entire 57.78% equity interest held in Turiya Bhd for RM52.86mil cash. (TheStar)

EUPE Corp Bhd's net profit surged by 28.9% to RM14.54 million in the fourth quarter ended Feb 29, 2024 (4QFY2024) from RM11.28 million a year ago, underpinned by a higher contribution from the property development division. (TheEdge)

RHB Retail Research said YTL Corp Bhd is eyeing to extend the upside movement after it staged a bullish breakout. (TheEdge)

RHB Retail Research said VS Industry Bhd is poised to continue the bullish trajectory after it broke past the key resistance on high volume. (TheEdge)

Mercury Securities Sdn Bhd has valued ACE Market-bound Sin-Kung Logistics Bhd at 14 sen based on a 14 times financial year 2025 (FY2025) earnings per share forecast of one sen. (TheEdge)

Maxis Bhd could work with another consortium partner to lower the cost of deploying the second 5G network, even after the recapitalisation of Digital Nasional Bhd (DNB), said RHB Research in a note on Friday. (TheEdge)

IOI Properties Group broke ground on Thursday for Senna Puteri, its latest township development located in Sepang, Selangor. The developer is looking to launch 386 units of townhouses in its first phase before the end of the second quarter. (TheEdge)


Source: New Straits TimesThe Edge Markets The Star 26 April 2024 

Need a Trading Account?

Open a trading account now for FREE with our selected advertiser to enjoy Free Subscription to MQ Trader!

Contact Us

Please do not hesitate to contact us if you have any inquiries:

MQ Chat: 

Related Stocks
Market Buzz
More articles on MQ Market Updates
Be the first to like this. Showing 0 of 0 comments

Post a Comment