MQ Market Updates

MQ Market Updates - 08 March 2024

MQ Trader
Publish date: Fri, 08 Mar 2024, 05:16 PM

IHH Healthcare Bhd (IHH) is set to enhance Timberland Medical Centre's operations with the construction of a new 200-bed tertiary hospital in central Kuching, Sarawak. (NST)

Scientex Bhd via its wholly-owned subsidiary Scientex Park (M) Sdn Bhd has proposed to acquire an 826-acre parcel of freehold land in Batang Berjuntai in Kuala Selangor, Selangor, for RM335.68mil. (TheStar)

Samaiden Group Bhd has inked a 20-year power purchase agreement (PPA) with Maxell Tohshin (Malaysia) Sdn Bhd to undertake the design and installation of an advanced solar photovoltaic (PV) system, with a capacity of 1,028.28-kilowatt peak (kWp) at Maxell Tohshin's premises. (TheEdge)

CelcomDigi Bhd (CelcomDigi), Malaysia’s largest mobile network operator and ZTE Malaysia Corporation Sdn Bhd (ZTE), a global leader in telecommunications and information technology announced a strategic partnership to transform Malaysia’s manufacturing and warehousing with smart technology and 5G powered innovative solutions. (TheStar)

Mohamed Iqbal Abdul Rahman has retired as Pharmaniaga Berhad chief operating officer (COO) effective immediately, ending his 13-year tenure with the company. (TheEdge)

Buying interest in Hap Seng Plantations Holdings is back after it pushed out of a two-week bullish flag pattern with a long white candle two sessions ago, according to Rakuten Trade. (NST)

RHB research has recommended a buy call on Duopharma Biotech Bhd because it sees good prospects for the company in the medium to long term, supported by the rise in non-communicable diseases (NCD) and the growing number of older people in society. (NST)

Mah Sing Group Bhd's guidance-beating sales performance in FY23 is being followed up with an even higher sales target for FY24, which CGS International (CGSI) Research says is achievable. (TheStar)

Australia & New Zealand Banking Group Ltd's ANZ Funds Pty Ltd has completed the disposal of 16.5% or 545.83 million AMMB Holdings Bhd shares, reducing its stake in the lender to 5.17%, according to a filing to Bursa Malaysia on Thursday. (TheEdge)

RHB Retail Research said Autocount Dotcom Bhd is set for a technical breakout after bouncing off the 21-day simple moving average line strongly to breach above the 70 sen mark with strong volume on Thursday. (TheEdge)

Hong Leong Investment Bank (HLIB) said Dialog Group Bhd’s exclusion as an FBM KLCI constituent stock on Dec 18, 2023, and the MSCI index on Feb 29 triggered a significant sell-off from investors, leading to a 30.3% decline in Dialog's share price from its 52-week high of RM2.47 to a low of RM1.72 before rebounding to RM2.11 on Thursday. (TheEdge)

 

Source: New Straits TimesThe Edge Markets The Star 08 March 2024 

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