MQ Market Updates

MQ Market Updates - 18 July 2024

MQ Trader
Publish date: Thu, 18 Jul 2024, 05:26 PM

Alpha IVF Group Bhd (KL:ALPHA) is set for stronger earnings growth in the next 12 months, while analysts continue to recommend investors to buy shares in the fertility care company on attractive valuations. (TheEdge) 

MyEG Services Bhd (MyEG) will be able to expand the monetisation avenues for its blockchain segment with the introduction of verification services for China-issued Certificates of Origin (COOs). (TheStar)

AmanahRaya Real Estate Investment Trust (REIT) has signed a long-term tenancy agreement with ALFA International College Sdn Bhd for its property in Subang Jaya, Selangor. (TheStar)

Gamuda Bhd's joint venture with French rail engineer Alstom SA in Australia has bagged a A$1.6 billion (RM5 billion) contract to modernise Perth's train signalling system. (NST)

Synergy House Bhd said its customer Hillsdale Furniture LLC, which is to be acquired by Green River Group, owes the company US$2.9 million. (NST)

Alliance Bank Malaysia Bhd’s (ABMB) loan growth is expected to remain resilient, underpinned by small and medium enterprises’ (SME) loans and personal financing. (TheStar)

IOI Corporation Bhd expects crude palm oil (CPO) unit costs to reduce four per cent year-on-year (YoY) for financial year 2024 (FY24). (NST)

Analysts are reiterating their call to accumulate stock in Pavilion Real Estate Investment Trust (REIT) on a positive earnings outlook. (TheStar)

SKP Resources Bhd is expected to deliver stronger earnings performance for financial year 2025 (FY25) as its order visibility has improved since early of the year from its key customer. (TheStar)

Public Bank Bhd has the strongest headroom among its peers for potential provision write-backs, making it an attractive stock as it stands to benefit once macroeconomic conditions improve. (TheStar)

Shares in ILB Group Bhd (KL:ILB) on Thursday bucked broader market weakness, and were set for the fourth consecutive day of gains, after the rooftop solar company announced the acquisition of a rival for RM98 million cash. (TheEdge) 

Widad Group Bhd, which was recently in the news for Human Resources Development Corp's (HRD Corp) interest in the company,  yesterday announced changes in its boardroom with the appointment of founder, Tan Sri Muhammad Ikmal Opat Abdullah, and two news directors to its board. (NST)

Kenanga Investment Bank Bhd has maintained its ‘outperform’ call on Aeon Credit Service (M) Bhd (KL:AEONCR) with a share target price of RM8.55, as its subsidiary, Aeon Bank's digital banking is on the right path despite several challenges. (TheEdge) 

Kenanga Research said MSM Malaysia Holdings Bhd (KL:MSM) is showing signs of a potential rebound after consolidating at RM2.20, aligning with its 200-day simple moving average (SMA). (TheEdge) 

RHB Retail Research said Berjaya Land Bhd (KL:BJLAND) is attempting to break past the immediate resistance after charting a bullish candlestick. (TheEdge) 

Source: New Straits TimesThe Edge Markets The Star 18 July 2024

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