MQ Market Updates

MQ Market Updates - 03 February 2025

MQ Trader
Publish date: Mon, 03 Feb 2025, 05:24 PM

AMMB Holdings Bhd (AMBANK) and MetLife International Holdings LLC have mutually agreed to terminate the proposed disposal of their jointly owned insurance and takaful businesses to Great Eastern Holdings Ltd, a deal initially valued at about RM1.12 billion.

SD Guthrie Bhd's (SDG) wholly owned downstream arm SD Guthrie International Ltd (SDGI) has acquired a 48% equity interest in Netherlands-based Marvesa Supply Chain Services BV for €54 million (RM250 million) from Dutch private equity firm, Parcom.

Malakoff Corp Bhd (MALAKOF) has acquired the remaining 51% stake in ZEC Solar Sdn Bhd and the remaining 49% stake in TJZ Suria Sdn Bhd from Zelleco Engineering Sdn Bhd.

Datasonic Group Bhd (DSONIC) has been on a positive run of winning contracts, including its recent letter of extension (LoE) from the Home Affairs Ministry worth RM104.78mil.

Steel Hawk Bhd (SKHAWK) has secured a contract extension for the provision of onshore facilities maintenance, construction and modification services from PETRONAS Carigali Sdn Bhd (PCSB).

Regional bulk shipper Hubline Bhd (HUBLINE) is set to invest more in its fleet renewal programme to boost shipment capacity and operational efficiency.

Techstore Bhd (TECHSTORE) is anticipated to see stronger revenue and core profit going forward, underpinned by an unbilled order book of RM104.7mil as at 2024, according to its business expansion plan and healthy industry outlook.

Ramssol Group Bhd (RAMSSOL)'s diversification into a niche online marketplace via Rider Gate creates a new revenue vertical for the group, augmenting its earnings growth potential of its traditional human capital management business, says Maybank Investment Bank Research.

Trading of KJTS Group Bhd's (KJTS) shares has been temporarily suspended from 12pm to 5pm on Monday, at the request of the company, pending an announcement on a "material transaction".

Public Bank Bhd (PBBANK) upcoming fourth-quarter results, scheduled for release on Feb 26, are expected to reflect the financial impact of the goodwill impairment at its subsidiary, Public Financial Holdings (PFH).

CIMB Group (CIMB) Holdings Bhd's upcoming fourth quarter financial year 2024 results (4Q24) are likely to see a contraction in net interest margin (NIM) and softer non-interest income (NOII).

Follow us on i3investor profile page for our latest blog updates:
https://klse.i3investor.com/web/cube/profile/MQtrader

Disclaimer: This information does not represent a BUY or SELL recommendation on the stock covered. Traders and Investors are encouraged to do their own analysis on stocks instead of blindly following any Trading calls raised by various parties on the Internet.

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment