MQ Market Updates

MQ Market Updates - 17 January 2025

MQ Trader
Publish date: Fri, 17 Jan 2025, 04:53 PM

GAMUDA Bhd (GAMUDA) and Castleforge have advanced their £1.2 billion redevelopment project in London, securing a significant property development loan.

Short selling of Salutica Bhd (SALUTE) has been halted after its shares plummeted over 15%, reaching a two-year low following a legal defeat against Apple Malaysia Sdn Bhd.

Ancom Nylex Bhd (ANCOMNY) is expected to see gradual earnings recovery due to favorable forex movements, while remaining cautious in risk management and business expansion.

Hong Leong Bank Bhd (HLBANK) has partnered with WeBank Technology Services, enhancing its digital banking capabilities.

Malaysian Prime Minister Datuk Seri Anwar Ibrahim is optimistic about Tenaga Nasional Bhd (TNB) (TENAGA) entering the UK renewable energy sector, anticipating long-term benefits for Malaysia, especially in technology transfer. 

According to MIDF Research, the Intra-Asia trade lane is set to boost container volume growth for Westports Holdings Bhd (WPRTS).

IHH Healthcare Bhd (IHH) has been added to the FTSE4Good Index Series, highlighting its commitment to sustainability.

Tropicana Corp Bhd (TROP) launched Fraser Heights Phase 1 in its sustainable township, achieving a 60% take-up rate.

JPMorgan has downgraded Sunway Construction Group Bhd (SUNCON) and GAMUDA Bhd (GAMUDA), citing downside risks for stocks linked to data center investments.

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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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