MQ Market Updates

MQ Market Updates - 27 January 2025

MQ Trader
Publish date: Mon, 27 Jan 2025, 04:48 PM

Steel maker Colform Group Bhd's IPO of 30 million shares was oversubscribed by 41.82 times, indicating strong investor interest.

UEM Group Bhd acquired 1.5 million shares in Malaysia Airports Holdings Bhd (AIRPORT) at RM10.96 per share, indicating strategic investment moves.

MMAG Holdings Bhd (MMAG) is acquiring a second Boeing B737-400SF aircraft for US$6.55 million, enhancing its operational capacity.

ES Sunlogy Bhd has launched its IPO prospectus on the ACE Market, aiming to raise RM63 million for expansion in M&E engineering and renewable energy.

Analysts view YTL Power International Bhd (YTLPOWR)'s bonus issue proposal positively, as it aims to fund key projects.

Analysts are optimistic about Gamuda Bhd (GAMUDA), viewing recent share price dips as a buying opportunity. The company is advancing its international business through a new redevelopment project in the UK and is set for growth in data center projects, supported by a robust order book.

The selling price of Genting Plantations Bhd (GENP)'s palm oil land in Melaka exceeds market value, with analysts noting the disposal is beneficial despite potential CPO income loss.

Bursa Malaysia Bhd (BURSA) announced CEO Datuk Muhamad Umar Swift's retirement, with a PATAMI of RM310.1 million for FY2024, a 22.9% increase from last year. The exchange's strong earnings reflect heightened market activity and demand for services. Datuk Fad'l Mohamed will succeed Swift as CEO on March 1, 2025.

ES Sunlogy Bhd (SUNLOGY) aims to raise RM42 million through its IPO on the ACE Market, focusing on M&E engineering and renewable energy.

Despite being the largest convenience store operator, 7-Eleven Malaysia Holdings Bhd (SEM) faces challenges in its market position.

Kerjaya Prospek Group Bhd (KERJAYA) plans to expand its construction and property development in Johor, Penang, and Klang Valley this year.

Hong Leong Investment Bank Bhd (HLBANK) is optimistic about casino operators' recovery, driven by increased travel demand.

Datuk Chow Pui Hee of Samaiden Group Bhd (SAMAIDEN) anticipates a busy 2025 for her team.

Pressure on YTL Corporation Bhd (YTL) and YTL Power International Bhd (YTLPOWR) continues, with stocks hitting two-month lows.

YNH Property Bhd (YNHPROP) expects an independent review of its JV and turnkey contracts to be completed by Feb 15, 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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