MQ Market Updates

MQ Market Updates - 11 June 2024

MQ Trader
Publish date: Tue, 11 Jun 2024, 05:24 PM

Managepay Systems Bhd's (MPay) wholly-owned subsidiary ManagePay Services Sdn Bhd (MPSB) has secured a five-year contract to develop and implement a mobility as a service super application (app) platform for Keretapi "Tanah Melayu Bhd (KTMB). (NST)

Cypark Resources Bhd’s 100 megawatts (MW) large scale solar 3 (LSS3) hybrid solar energy plant in Merchang, Terengganu, has successfully reached its commercial operation date (COD) on June 9, 2024. (TheStar)

Gamuda Land, the property arm of Gamuda Bhd (KL:GAMUDA), has announced that its redevelopment plans for the 75 London Wall building in London with UK-based real estate investors Castleforge Partners have been approved. (TheEdge)

Sunway Construction Group Bhd (SunCon) could potentially see an earnings accretion of about 5% for the financial year ending Dec 31, 2024 (FY24) from works related to the 2.12 gigawatt (GW) Song Hau 2 thermal power plant (SH2P) project in Vietnam. (TheStar)

Duopharma Biotech Bhd is expected to see steady revenue growth predicted by the recovery of consumer healthcare (CHC) sales and the recent renewal of the approved product purchase list (APPL) tender, said RHB Research. (NST)

PUC Bhd has entered into a heads of agreement for the purchase of the entire equity stakes in Alevate Capital Sdn Bhd and Alevate Solutions Sdn Bhd for RM200mil to be satisfied by cash and shares. (TheStar)

Scientex Bhd is proposing to acquire 14 parcels of freehold land in Johor Baru, Johor for RM381.4mil, to be built into a mixed-property development project. (TheStar)

PublicInvest Research has initiated coverage on eye specialist firm Optimax Holdings Bhd, with a 12-months target price of 83 sen. (TheStar)

Analysts remain optimistic on UMediC Group Bhd’s (UMC) performance for the coming quarters, supported by its new plant capacity as well as the increase in public healthcare expenditure by the government. (TheStar)

MKS Instruments Inc (MKS), a global technology solutions provider, will build a facility in Penang to support wafer fabrication equipment production in the region and globally. (TheStar)

Furniture exporter Synergy House Bhd’s subsidiary has been appointed as the authorised service partner in Malaysia by one of the world’s largest home retailers. (TheStar)

Agricore CS Holdings Bhd’s public offering (IPO) has attracted RM669.21mil in public interest, following just RM5.07mil worth of its public portion shares on sale. (TheStar)

RHB Retail Research said Censof Holdings Bhd (KL:CENSOF) is set to resume its uptrend after experiencing a technical breakout above the immediate resistance level at 31.5 sen, on improved volume. (TheEdge)

RHB Retail Research said UEM Sunrise Bhd (KL:UEMS) is set to climb higher after rebounding strongly to reclaim the 21-day simple moving average (SMA) line, and breaking above the RM1.17 resistance level on Monday on strong trading volume. (TheEdge)

S P Setia Bhd (KL:SPSETIA) received the Heritage Award for its Battersea Power Station development at the FIABCI World Prix D'Excellence Awards 2024 held on May 30 in Singapore. (TheEdge)

Property developer Axteria Group Bhd (KL:AXTERIA) has been granted a three month extension to implement its proposed private placement of up to 10% of its total number of issued share capital. (TheEdge)


Source: New Straits TimesThe Edge Markets The Star 11 June 2024 

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