MQ Market Updates - 05 April 2024 

2024-04-05 18:24:44
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Practice Note 17 company Sapura Energy Bhd's unit, Sapura Subsea Services Sdn. Bhd, has bagged a contract to provide Pan Malaysia underwater services from Sarawak Shell Bhd (SSB) and Sabah Shell Petroleum Company Limited (SSPC). (NST)

The sale of Edotco's Myanmar tower assets could see the removal of a stumbling block for Axiata Group Bhd by alleviating concerns over the group's investments in frontier markets, say analysts. (TheStar)

Shares in Press Metal Aluminium Holdings Bhd continued to trend higher on Friday, on the back of rising aluminium prices. (TheEdge)

Shares in Velesto Energy Bhd declined on Friday, set for their worst day in 10 months, as CGS International told investors to stop buying the stock, amid concerns of Saudi Aramco's broader suspension of jack-up rigs (TheEdge)

Muhibbah Engineering (M) Bhd is poised to win more contracts from the oil and gas services and public infrastructure segments as both enter up-cycles, says Rakuten Trade Research. (TheStar)

Source: NST, TheEdge, TheStar

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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.