MQ Market Updates - 10 June 2024

MQ Trader

Publish date: Mon, 10 Jun 2024, 05:20 PM

Enterprise information technology solutions company Vetece Holdings Bhd, has received the nod from Bursa Malaysia Securities Bhd to list on the ACE Market. (NST)

Hartalega Holdings Bhd is anticipated to see improved earnings, going forward, on the back of rising sales and improving average selling prices (ASP). (TheStar)

Shares of Binastra Corp Bhd (KL:BNASTRA) broke a new record high on Monday, after the company announced a construction contract win worth RM315 million. (TheEdge)

Deleum Technology Solutions Sdn Bhd, a 86.67 per cent owned indirect subsidiary of Deleum Bhd, has bagged a job worth RM105 million from Petronas Carigali Sdn Bhd for the provision of offshore maintenance, construction and modification (MCM) services covering Peninsular Malaysia Assets (Gas Package) for the year 2024. (NST)

Astro Malaysia Holdings Bhd will be focusing on building high-quality revenue streams and reducing its business costs. (TheStar)

Westports Holdings Bhd said the source, cause and containers involved in a fire at its yard on June 8, has yet to be determined. (NST)

Sime Darby Property Bhd (KL:SIMEPROP) is collaborating with Technogym Malaysia to integrate fitness equipment and solutions into Sime Darby Property’s developments for a 60-month period, with the flagship facility at KLGCC. (TheEdge)

Harbour-Link Group Bhd has committed a capital expenditure (capex) of RM100mil for the purchase of container vessels and material handling equipment. (TheStar)

Lim Seong Hai Capital Bhd (LSH Capital) has announced that a partnership between its unit, LSH Best Builders Sdn Bhd, and Service Master (M) Sdn Bhd has been chosen to undertake the operations and maintenance management of Kuala Lumpur Tower. (TheStar)

Shares in construction company Widad Group Bhd hitting a three month high of nine sen in active trade on Monday. (NST)

Sarawak-based shipping company, Hubline Bhd's share price jumped as much as 100 per cent to eight sen in morning trade, making it the most active stock on the market with 219 million shares changing hands. (NST)

The EcoWorld journey began more than a decade ago with Eco Botanic, its first eco township in Iskandar Malaysia. Fast forward to today, Eco World Development Group Bhd (EcoWorld Malaysia) stands tall as a leading property developer, boasting over 8,000 acres of land across the Klang Valley, Iskandar Malaysia and Penang, with a total gross development value exceeding RM80 billion. (TheEdge)

A Tenaga Nasional Bhd (TNB) substation in Kepong caught fire on Sunday evening. (TheEdge)

Shares of Engtex Group Bhd (KL:ENGTEX) rose on Monday to their highest in over three months after the pipe manufacturer revealed its plan for a bonus share issue. (TheEdge)

Duopharma Biotech Bhd (KL: DPHARMA) is expected to see stronger performance in 2Q2024 on a resurgence in exports and tenders in the pipeline, said TA Securities. (TheEdge)

Hong Leong Investment Bank (HLIB) sees integrated logistics service provider Sin-Kung Logistics Bhd (KL: SINKUNG) being an indirect beneficiary of the rising demand for air freight. (TheEdge)

UOB Kay Hian has initiated coverage on VSTECS Bhd (KL:VSTECS) with a “buy” rating at RM3.83 and target price of RM5.02, and said the stock is reaping the fruit of its rapid expansion. (TheEdge)

Source: New Straits Times, The Edge Markets The Star 10 June 2024