MQ Market Updates

Author: MQ Trader   |   Latest post: Wed, 22 Mar 2023, 5:12 PM


MQ Market Updates - 12 January 2023

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Capital A Bhd is optimistic about its potential growth this year following a strong rebound in travel demand post-Covid and expects to be out of the PN17 status by end of this year, said chief executive officer Tan Sri Tony Fernandes. (TheStar)

CGS-CIMB Securities has maintained its “add” rating on Inari Amertron Bhd at RM2.65 with an unchanged target price of RM3 and said it expects RF to remain the major growth driver for Inari, driven by new value-added processes in new generation smartphones beyond 2023. (TheEdge)

Farm Fresh Bhd's outlook and prospects are favourable given that its operating expenses are under control and production constraints have been eliminated, according to Maybank Investment Bank Bhd (IB). (NST)

Electronics manufacturing services (EMS) provider NationGate Holdings Bhd made its debut on the ACE Market at 81 sen a share, which represented a whopping 113% jump over its initial public offering (IPO) price of 38 sen a share. (TheStar)

Alliance Bank Malaysia Bhd (Alliance Bank) is expected to have robust earnings growth and resilient asset quality, while its industry-leading current account and savings account (CASA) mix should allow it to reap maximum benefits from further interest rate hikes. (NST)

CGS-CIMB Research remains positive on KPJ Healthcare Bhd's (KPJ) long-term earnings growth, backed by the contribution of its 29th hospital, Damansara Specialist Hospital (DSH2). (NST)

CAB Cakaran Corporation Bhd will invest US$70million to US$80 million with Indonesia's biggest conglomerate and its second-largest shareholder Salim Group to build 50-60 poultry farms in the republic in the next five years. (NST)

Yinson Production (YP), the offshore production business unit of Yinson Holdings Bhd, has completed the 16-year contract for the floating, production, storage and offloading (FPSO) Adoon, which has been operating at Block OML 123 offshore Nigeria. (NST)

KKB Engineering Bhd’s subsidiary OceanMight Sdn Bhd has secured a contract with limited notice to proceed from Sarawak Shell Bhd for the provision of engineering, procurement and construction of standard wellhead platforms for the MLNG FaS (F27, F22 and Selasih) Gas Field Development. (TheStar)

Kumpulan Kitacon Bhd’s initial public offering (IPO) shares to the Malaysian public have been oversubscribed by 11.46 times. (TheStar)


Source: New Straits Times, The Edge Markets, The Star 12 Jan 2023

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