MQ Market Updates - 14 May2024

MQ Trader

Publish date: Tue, 14 May 2024, 05:16 PM

Malakoff Corporation Bhd's subsidiary Alam Flora Environmental Solutions (AFES) has signed a technology partner agreement with City Oil Field Inc (COF) to explore innovative technology for eco-friendly waste treatment. (NST)

Malaysia Airports Holdings Bhd (KL:AIRPORT), or MAHB, is ready to have Mohamed Rastam Shahrom at the helm of the airport operator permanently after seven months as acting group chief executive officer, according to sources. (TheEdge)

Farm Price Holdings Bhd's shares doubled in value on their debut on the ACE Market of Bursa Malaysia, after an initial public offering (IPO) that raised RM24.5mil to fund the company's expansion. (TheStar)

YNH Property Bhd’s (KL: YNHPROP) proposed sale of a 5.098-acre freehold land in Desa Sri Hartamas to Sunway Bhd (KL:SUNWAY) for RM170 million has been extended for a fifth time, stretching the deadline by another year to May 12, 2025, as more conditions are being added to the deal following the discovery of a registered caveat lodged over the property. (TheEdge)

Capital A Bhd's catering arm Santan is considering having an in-flight kitchen, given the increasing demand for in-flight meals from other carriers. (NST)

Dialog Group Bhd's downstream segment is expected to trend higher going forward, driven by new contracts and rates to cater to the current high-cost environment. (NST)

Bursa Malaysia ended the morning session higher, driven by positive market environment and strong corporate earnings. (NST)

Hong Leong Bank Bhd (HLB) is looking to co-create innovative business solutions with visionary sustainability changemakers, with the goal of revitalising and contributing towards the circular economy. (NST)

Eversendai Corp Bhd says it is not aware of any corporate development that caused the unusual market activity (UMA) in its shares. (NST)

MI Technovation Bhd could be seeing a rebound in its equipment business revenue on higher demand from the mobile wearables and high-performance computing industries, says CGS International Research (CGSI). (TheStar)

Shares of Carlsberg Brewery Malaysia Bhd (KL:CARLSBG) surged to a three-month high on Tuesday, as analysts continued to recommend “buy” for the stock, following the group’s first quarter results. (TheEdge)

Shares of Dialog Group Bhd (KL:DIALOG) hit a 15-month high on Tuesday after the company's third-quarter results came in slightly stronger than expected while analysts broadly told investors to accumulate the stock. (TheEdge)

Shares of AME Elite Consortium Bhd (KL:AME) rose to a new all-time high on Tuesday on the back of a spike in trading volume after the company announced a land sale for RM209.84 million to a Hong-Kong based centre operator. (TheEdge)

RHB Retail Research said Tasco Bhd (KL:TASCO) is poised for an uptrend reversal after rebounding above the 21-day simple moving average line while recently testing the 88 sen immediate resistance on strong volume. (TheEdge)

RHB Retail Research said Cloudpoint Technology Bhd (KL:CLOUDPT) is set to resume its uptrend after observing a breakout above the 68 sen level last Thursday — backed by surging volume. (TheEdge)

Swift Energy Technology Bhd, which sells industrial automation and power systems, filed for an initial public offering (IPO) on ACE Market to raise funds for the construction of new facilities and expansion abroad.

Source: New Straits Times, The Edge Markets The Star 14 May 2024