MQ Market Updates

MQ Market Updates - 09 March 2023

MQ Trader
Publish date: Thu, 09 Mar 2023, 04:53 PM

The share prices of Capital A Bhd and AirAsia X Bhd continued to rise for the fourth consecutive trading day amid positive sentiment spurred by an increase in travelling activities post-pandemic. (TheEdge)

Hong Leong Investment Bank (HLIB) Research has maintained its “sell” rating on Top Glove Corp Bhd at 67.5 sen, with an unchanged target price (TP) of 53 sen and said ehile Top Glove is expecting to raise average selling prices (ASPs) gradually going forward, HLIB was not particularly enthusiastic about it, as this is done in anticipation of rising raw material costs. (TheEdge)

Infomina Bhd has entered into a collaboration with global technology provider Software AG as the latter seeks to expands its presence in the Malaysian market. (TheStar)

Pos Malaysia Bhd has rolled out a sustainability roadmap to reduce its carbon footprint with the target of net zero carbon emission by 2050. Pos Malaysia is the first logistic company in the country to do so. (NST)

Sapura Energy Bhd and 22 of its wholly-owned subsidiaries (collectively known as scheme companies) have obtained new orders from the court today, to summon meetings of each of their respective scheme creditors. (NST)

KESM Industries Bhd's core loss of RM5 million in the first half of its financial year 2023 (1HFY23) comes in below expectations, Affin Hwang Capital said. (NST)

British American Tobacco (Malaysia) Bhd (BAT Malaysia) has unveiled its flagship community farm garden called "Beyond Benih" in Tanjong Karang, Selangor to support vulnerable communities in growing their food using organic agriculture techniques. (NST)

Kenanga Research said Pekat Group Bhd’s share price has been swinging up in an ascending price channel since October 2022, before retracing from the peak of 56.5 sen in early February 2023 to close at 46 sen on Wednesday (March 8). (TheEdge)

CGS-CIMB Securities has upgraded Dialog Group Bhd to “add” at RM2.38, with an unchanged target price (TP) of RM2.74, on valuation grounds after the recent share price correction. (TheEdge)


Source: New Straits Times, The Edge Markets, The Star 09 Mar 2023

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