MQ Market Updates

MQ Market Updates - 13 May2024

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Publish date: Mon, 13 May 2024, 05:16 PM

MMAG Holdings Bhd's wholly-owned subsidiary MMAG Aviation Consortium Sdn Bhd (MAC) has entered into a partnership with Supreme Global Holdings (Private) Limited to collaborate on the aviation sector in Sri Lanka. (TheStar)

Aurelius Technologies Bhd’s (KL:ATECH) wholly owned subsidiary BCM Electronics Corp Sdn Bhd on Monday announced the commencement of construction for a new integrated manufacturing plant, known as P5, in Kulim Hi-Tech Park, Kedah. (TheEdge)

Mi Technovation Bhd's first quarter ended March 31, 2024 (1Q24) core earnings were in line with Public Investment Bank Bhd (PublicInvest) and consensus full-year expectations, making up 22.6 per cent and 23.4 per cent respectively. (NST)

AME Elite Consortium Bhd, via two wholly-owned subsidiaries, has agreed to dispose of 11 plots of industrial land in the i-TechValley in Phase 3 of the southern industrial and logistics clusters (SILC) in Iskander Puteri, Johor, to Digital Hyperspace Malaysia Sdn Bhd for a combined RM209.84mil cash. (TheStar)

RHB Investment Bank (RHB IB) Research said that based on the latest market capitalisation rankings of eligible stocks, Sunway Bhd (KL:SUNWAY) is ranked at 24 and will be eligible for inclusion into the list of component stocks of the FBM KLCI if the ranking remains at the cut-off date. (TheEdge)

Hong Leong Investment Bank Bhd (HLIB) has raised its earnings forecast for Press Metal Aluminium Bhd by seven per cant and four per cent for financial years 2024 (FY24) and FY25 respectively on account of higher assumed aluminium spot price. (NST)

Shares in Awanbiru Technology Bhd (Awantec) resumed trading on Monday, soaring 49% after Bursa Malaysia lifted its affected listed issuer status and suspension on the trading of its securities. (TheStar)

Genting Bhd and its subsidiary, Genting Malaysia Bhd’s shares rallied in early trade on Monday, becoming the top mover of Bursa Malaysia's barometer index. (TheStar)

Eversendai Corp Bhd has been issued with an unusual market activity (UMA) query by Bursa Malaysia following a sharp rise in the price of its security. (TheStar)

TA Securities has valued ACE Market-bound engineering solutions provider Kawan Renergy Bhd at 12 times calendar year 2025 (CY2025) earnings per share (EPS), arriving at a fair value of 55 sen. (TheEdge)

RHB Retail Research said Careplus Group Bhd (KL:CAREPLS) is set for an uptrend reversal after rebounding above the 21-day simple moving average line while surpassing the 31.5 sen immediate resistance last Friday on stronger trading volume. (TheEdge)


Source: New Straits TimesThe Edge Markets The Star 13 May 2024 

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