MQ Market Updates

MQ Market Updates - 9 Jan 2025

MQ Trader
Publish date: Thu, 09 Jan 2025, 06:03 PM

Affin Bank Bhd (AFFIN) anticipates Malaysia's economy to grow by 5.2% this year, slightly up from its 5% estimate for 2024. This aligns with the Finance Ministry's forecast of 4.5% to 5.5% growth.

Major shareholders of NPC Resources Bhd (NPC) are contemplating a privatization proposal at RM2.82 per share, following a notable increase in its share price.

Kenanga Investment Bank Bhd (KENANGA) maintains a neutral outlook on the aviation sector, despite predicting a 15% rise in visitors to Malaysia.

T7 Global Bhd (T7GLOBAL) has secured a six-month contract for maintenance and construction services for Hibiscus Petroleum Bhd (HIBISCS), with an option for a six-month extension.

The takeover bid for Malaysia Airports Holdings Bhd (AIRPORT) by Gateway Development Alliance (GDA) could significantly reshape Malaysia's aviation landscape, with GDA holding 84.1% of shares and aiming for a 90% threshold for delisting.

T7 Global Bhd (T7GLOBAL)'s subsidiary has secured a contract for MCM services for the PM3-CAA oil field in 2025 from Hibiscus Oil & Gas Malaysia Ltd.

BIMB Securities forecasts strong double-digit growth for Bursa Malaysia Bhd (BURSA) in Q4 and FY2024, driven by a robust trading segment.

Yinson Production (YINSON) announced that its FPSO Atlanta has achieved first oil in Brazil.

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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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