MQ Market Updates

MQ Market Updates - 9 August 2024

MQ Trader
Publish date: Fri, 09 Aug 2024, 05:03 PM

ATA IMS Bhd emerged as one of the most active counters on Bursa Malaysia at midmorning today after announcing its plan to venture into the household appliance business with a partner from China. (NST)

Ranhill Utilities Bhd has appointed five new directors, four of whom are linked to YTL Power International Bhd after the latter completed its takeover of Ranhill and its subsidiary on July 9. (NST)

Solarvest Holdings Bhd has signed five corporate green power agreements (CGPAs) under the corporate green power programme (CGPP) with a Malaysian multi-asset exchange, two global semiconductor giants, and a leading data centre service provider. (TheStar)

OSK Property Holdings Bhd, the property arm of OSK Holdings Bhd (KL:OSK), has partnered with Dindings Corporate Insurance Agency and RHB Insurance Bhd to introduce Assure+, a comprehensive insurance protection plan for OSK Property homebuyers. (TheEdge)

Some 23.36 million shares of Cape EMS Bhd (KL:CEB), representing a 2.37% stake, were traded off-market on Thursday and a large bulk of the shares changed hands at below closing price of 47.5 sen. (TheEdge)

Kenanga Research has a positive outlook on TSH Resources Bhd's decision to retain its 5,398-hectare plantation in Kalimantan, citing the increasing scarcity of oil palm land in Indonesia. (NST)

PublicInvest Research is optimistic about I-Berhad's decision to issue redeemable preference shares (RPS) exclusively to its major shareholder, Tan Sri Lim Kim Hong, totaling RM100 million. (NST)

Analysts are positive on Sunway Real Estate Investment Trust’s (Sunway REIT) acquisition of Kluang Mall located in Kluang, Johor for RM158mil. (TheStar)

Mitrajaya Holdings Bhd (MHB) secured a contract from the Northern Corridor Implementation Authority (NCIA) to construct Phase 2A of the Kedah Science and Technology Park in Bukit Kayu Hitam, Kedah for RM151.99 million. (TheStar)

Analysts expect oil and gas services firm Dialog Group Bhd (KL:DIALOG) to post a strong set of fourth-quarter results, driven mainly by its storage business, and contracting work in the Middle East. (TheEdge)

Source: New Straits TimesThe Edge MarketsThe Star 9 August 2024

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