MQ Market Updates

MQ Market Updates - 07 February 2025

MQ Trader
Publish date: Fri, 07 Feb 2025, 08:25 PM

Lotte Chemical Titan Holding Bhd (LCTITAN) shares hit a record low after reporting its largest quarterly loss, dropping 7% to 53.5 sen, marking a significant decline since its listing.

Kinergy Advancement Bhd (KAB) acquired a 47.5% stake in Jati Cakerawala Sdn Bhd for RM35 million.

Inari Amertron Bhd (INARI) shares rose 11.93% to RM2.72, fueled by strong trading volume and optimism over increased orders from key client Broadcom Inc.

Tropicana Corp Bhd (TROP) and Temokin Development completed their residential project, achieving an 85% score in QLASSIC.

Zecon Bhd (ZECON) received approval for an electricity license to generate solar power in Sarawak.

IHH Healthcare Bhd (IHH) faces uncertainty in its legal battle against Daiichi Sankyo Co Ltd, but a report suggesting a higher claim could favor the hospital operator, according to MIDF Amanah Investment Bank.

EG Industries Bhd (EG) proposed a one-for-one bonus issue after its share price reached a record high last month.

Sunway Construction Group Bhd (SUNCON) is expected to report stronger core earnings and a dividend in its upcoming quarterly results, according to MIDF Research.

Matrix Concepts Holdings Bhd (MATRIX) is viewed positively by RHB Research due to steady income from its healthcare business.

Fraser & Neave Holdings Bhd (F&N) received a 'buy' upgrade from CIMB Securities, citing attractive valuations post-share price drop.

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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.

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