MQ Market Updates

MQ Market Updates - 21 September 2023

MQ Trader
Publish date: Thu, 21 Sep 2023, 05:10 PM

Malaysia Airports Holdings Bhd (MAHB) has been given permission from Turkiye to continue operating the Istanbul Sabiha Gokchen (ISG) International Airport. (NST)

Sime Darby Property Bhd has entered into a strategic partnership with Tenanga Nasional Bhd for the exploration and development of sustainable energy initiatives. (TheStar)

Kronologi Asia Bhd registered a slight decline in net profit by 1.93% to RM3.04 million for the second quarter ended July 31, 2023 (2QFY2024), from RM3.10 million for the same period last year, despite higher revenue, dragged by higher expenses across the board.  (TheEdge)

Kinergy Advancement Bhd (KAB) said it remains committed to sustainability, which has been reflected in its strategic collaboration with Mah Sing Group Bhd and Alliance Bank Malaysia Bhd to foster the adoption of environmental, social and governance (ESG) best practices. (TheStar)

The entry ban on Supermax Corp Bhd’s disposable gloves into the United States has been lifted, following the remediation of forced labour indicators in the company’s supply chain. (TheStar)

ACE Market-bound Minox International Group Bhd aims to strengthen its presence in the semiconductor industry to further grow the company. (TheStar)

Capital A Bhd’s wholly-owned subsidiary, Asia Digital Engineering Sdn Bhd (ADE), has entered into a shareholder’s agreement (SHA) with Sivilai Asia Co Ltd (Sivilai Asia) for a subscription of the issued and paid-up capital of ADE (Cambodia) Co Ltd. (TheStar)

Hong Leong Investment Bank (HLIB) Research has maintained its “buy” rating on Focus Point Holdings Bhd at 76 sen with an unchanged target price of RM1.15 and said it remains upbeat on Focus Point's optical segment and reckon that the momentum will continue with store expansion and on-boarding of new corporate clients. (TheEdge)

Analysts have raised their target prices (TPs) for Scientex Bhd after its financial results for the year ended July 31, 2023 (FY2023) met expectations, and as they are more bullish on the company’s property segment due to the stable interest rate environment. (TheEdge)

Source: New Straits Times, The Edge Markets 21 September 2023

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