MQ Market Updates

MQ Market Updates - 29 January 2024

MQ Trader
Publish date: Mon, 29 Jan 2024, 05:22 PM

CelcomDigi Bhd (CelcomDigi) HR super app altHR has partnered with Malaysian payroll solution provider PayrollPanda to help more local businesses digitalise their human resources (HR) processes. (NST)

Since being appointed President and Managing Director of KPJ Healthcare Bhd in September 2023, Chin Keat Chyuan says his journey has been profound, especially in his engagements with hospitals and clinicians across Malaysia. (TheEdge)

Wires and cables manufacturer Master TEC Group Bhd made a flat debut on the ACE Market of Bursa Malaysia Securities Bhd today at its initial public offering (IPO) price of 39 sen per share. (TheStar)

RHB research has raised YTL Power International Bhd's earnings forecast for financial year 2024 (FY24) by 14 per cent and target price (TP) by 18 per cent on the strength of its Singapore-based power company, YTL PowerSeraya Pte Limited and Nvidia artificial intelligence-data centre (AI-DC) collaboration. (NST)

YNH Property Bhd was the second most actively traded counter today, gaining 11.19 per cent, after it told Bursa Malaysia Securities Bhd that it has not hired a professional firm to perform an independent review of its dealings. (NST)

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Hong Leong Investment Bank Bhd (HLIB) expects the acquisitions of W Hotel and Courtyard to contribute to IOI Properties Group Bhd's earnings from the fourth quarter of the financial year 2024 (4QFY24) and FY25 respectively. (NST)

RHB Retail Research said CIMB Group Holdings Bhd is in the midst of extending its upside movement after it broke past the RM6 psychological resistance. (TheEdge)

RHB Retail Research said Karex Bhd is eyeing a fresh leg on the upside after it underwent a bullish breakout. (TheEdge)

TA Securities has initiated coverage of PGF Capital Bhd at RM1.60 with a "buy" recommendation and a target price (TP) of RM2.76, representing a strong upside of 72.7%. (TheEdge)

Source: New Straits TimesThe Edge Markets The Star 29 January 2024

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