MQ Market Updates

MQ Market Updates - 18 September 2023

MQ Trader
Publish date: Mon, 18 Sep 2023, 05:11 PM

Kuala Lumpur Kepong Bhd's (KLK) proposal was the "most financially appealling and cleanest" among those that bid to become Boustead Holdings Bhd's strategic partner for the privatisation of Boustead Plantations Bhd (BPlant). (NST)

Citaglobal signs RM15bil MoU with Chinese waste treatment firm. Chinese waste treatment conglomerate Shanghai SUS Environment Co Ltd is looking to inject RM15bil of foreign direct investment into the Malaysian. (TheStar)

Top Glove Corp Bhd has been included on the Dow Jones Sustainability Indices (DJSI) for the fifth consecutive year and achieved an enhanced score in FTSE Russell ESG Ratings. (TheEdge)

Itmax System Bhd has bagged a RM105.3 million contract to provide video surveillance services in the city of Johor Bahru. (NST)

Capital A Bhd’s digital arm, airasia Digital Sdn Bhd, has changed its name to Move Digital Sdn Bhd as a strategic step to emphasise its commitment towards travel. (TheStar)

Rakuten Trade said Bumi Armada Bhd has been on a steady recovery trend after experiencing a gap down and hitting its year-to-date low of 41.5 sen in June 2023. (TheEdge)

Hong Leong Investment Bank (HLIB) Research said that technically, AEON Co (M) Bhd is grossly oversold with indicators on the mend. (TheEdge)

CGS-CIMB has raised its target price (TP) for CelcomDigi Bhd (CDB) to RM5.18, from RM5 prior, after the research house lifted its earnings forecasts for the financial year ending Dec 31, 2023 (FY2023) to FY2025. (TheEdge)

Cypark Resources Bhd shares were heavily traded on Monday’s (Sept 18) morning trade after the renewable energy and solid waste management company announced that Chung Chee Yang was exiting the company as a substantial shareholder, a year after he became the company's largest single shareholder. (TheEdge)

Sime Darby Plantation Bhd’s downstream arm Sime Darby Oils International Ltd (SDO) has inked a memorandum of understanding (MOU) with Guangxi Beibu Gulf International Port Group Ltd (BGP) to expand its presence in China.  (TheEdge)


Source: New Straits Times, The Edge Markets, The Star 18 September 2023

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