MQ Market Updates

MQ Market Updates - 15 May2024

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Publish date: Wed, 15 May 2024, 05:10 PM

Dialog Group Bhd’s earnings are projected to remain on an upward trajectory, underpinned by easing cost pressures and margin improvement. (TheStar)

AMMB Holdings Bhd (KL:AMBANK), Malaysia’s sixth-largest banking group by assets, is expected to report a 9.8% growth in net profit when it releases its fourth-quarter results this month, RHB Investment Bank said. (TheEdge)

Sin-Kung Logistics Bhd made its debut on the ACE Market of Bursa Malaysia this morning flat at 13 sen. (NST)

RHB Retail Research said Ahmad Zaki Resources Bhd (KL:AZRB) is eyeing a technical breakout after testing the 25 sen level for the past week, while remaining above the ascending 21-day simple moving average (SMA) line. (TheEdge)

Analysts say Heineken Malaysia Bhd's sales volume in the coming quarter could be impacted by the absence of pre-price hike boosts that drove demand higher in 1QFY24. (TheStar)

Affin Hwang Investment Bank has maintained its earnings forecast for Rhone Ma Holdings Bhd due to its solid performance and alignment with expectations.  (NST)

RHB Retail Research said Avaland Bhd (KL:AVALAND) is set to propel upwards further after undergoing a technical breakout above the 36.5 sen resistance level on Tuesday, on a surge in trading volume. (TheEdge)


Source: New Straits TimesThe Edge Markets The Star 15 May 2024 

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