MQ Market Updates

MQ Market Updates - 22 January 2025

MQ Trader
Publish date: Wed, 22 Jan 2025, 04:57 PM

TechStore Bhd, which provides hardware and software to businesses, has fixed its initial public offering (IPO) price at 20 sen per share ahead of its listing on the ACE Market of Bursa Malaysia.

Sunway Bhd (SUNWAY) has started the ball rolling for the initial public offer (IPO) of its healthcare unit, sources told The Edge. Maybank Investment Bank Bhd and AmInvestment Bank Bhd are said to be the front-runners as principal advisers for the IPO of Sunway Healthcare Group, the sources said.

Sime Darby Property Bhd's (SIMEPROP) first single-storey linked homes in Bandar Ainsdale, achieved full take-up of all 118 units within hours of its launch on Saturday, Jan 18.

Mah Sing Group Bhd (MAHSING)'s wholly-owned subsidiary Klassik Tropika Development Sdn Bhd has inked a deal with several vendors for the proposed acquisition of 2.78 acres of freehold prime land in Sentul, Kuala Lumpur for RM32mil.

Malaysia Airports Holdings Bhd (AIRPORT) (MAHB) has recorded a 96.1% recovery rate to 135 million passengers in 2024, driven by strong international traffic across its Malaysia and Turkiye operations. 

MIDF Research said the recent selldown of data centre-linked construction stocks may have been overdone as it sees the US' AI chip export restrictions having minimal impact on data centre operations here. In a note, MIDF Research said this prompted its upgrade on Sunway Construction Group Berhad (SUNCON) to a "buy", from "neutral".

Analysts are positive on Sunway Real Estate Investment Trust's (SUNREIT) acquisition of AEON Mall Seri Manjung in Perak, prompting revisions of their earnings forecasts.

SP Setia Bhd (SPSETIA), in which Permodalan Nasional Bhd has a controlling stake, continues to reduce its debt by disposing of non-strategic land and unsold property.

Phillip Capital Research says the strong partnership between Skyworld Development Bhd (SKYWLD) and Singapore-based Teambuild Holding (S) Pte Ltd and the use of new technology will likely drive higher project margins for SkyWorld.

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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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