MQ Market Updates

MQ Market Updates - 3 Jan 2025

MQ Trader
Publish date: Fri, 03 Jan 2025, 04:50 PM

Southern Cable Group Bhd (SCGBHD) is anticipated to secure a contract for cable supply to the national electric utility, with an announcement expected soon, according to Hong Leong Investment Bank (HLIB).

MMC Corp Bhd (MMCCORP)'s Port of Tanjung Pelepas (PTP) has achieved a milestone as Malaysia's first container terminal to exceed 12.25 million TEUs in a year in 2024.

Petronas Chemicals Group Bhd (PCHEM)'s recent share price recovery may be plateauing, as the company faces potential impairment issues with its joint venture, Pengerang Petrochemical Company Sdn Bhd, alongside Saudi Aramco.

Analysts predict Bank Negara will maintain the overnight policy rate (OPR) at 3% through 2025.

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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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