MQ Market Updates

MQ Market Updates - 3 Dec 2024

MQ Trader
Publish date: Tue, 03 Dec 2024, 04:53 PM

Sime Darby Property Bhd (SIMEPROP) has seen strong demand for its recent launches, JUMPA @ Elmina Valley and Kanopi. Analysts predict a significant shift in its earnings profile by 2026-2027 as rental income from data-centre projects begins.

Binastra Corp Bhd (BNASTRA) has secured a RM327.74 million contract for the construction of serviced apartments in Bukit Jalil, enhancing its project portfolio.

Encorp Bhd (ENCORP) has terminated its suspended CEO following internal investigations, indicating a shift in management strategy.

Mah Sing Group Bhd (MAHSING) is acquiring 59.12 acres in Johor Bahru for RM62.98 million, planning to develop super-linked homes with a GDV of RM463 million.

JF Technology Bhd (JFTECH) will start selling products in the US by January 2025 after a licensing agreement with Ironwood Electronics.

T7 Global Bhd (T7GLOBAL) is proposing a bonus issue of up to 197.35 million warrants, enhancing shareholder value.

Press Metal Aluminium Holdings Bhd (PMETAL) is expected to see robust revenue and earnings growth next year.

Capitaland Malaysia Trust (CLMT) plans to acquire a warehouse in Selangor for RM180 million, expanding its asset base.

QL Resources Bhd (QL) has reported earnings in line with projections, indicating stable performance.

Genting Malaysia Bhd (GENM) has no immediate plans to reopen its casino floors, reflecting cautious operational strategies.

Source: New Straits TimesThe Edge MarketsThe Star 3 December 2024

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Disclaimer: This information does not represent a BUY or SELL recommendation on the stock covered. Traders and Investors are encouraged to do their own analysis on stocks instead of blindly following any Trading calls raised by various parties on the Internet.

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