MQ Market Updates - 12 April 2024

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2024-04-12 17:47:22

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Gamuda Land, the property arm of Gamuda Bhd, signed a memorandum of agreement on April 6 with Kiddypedia to introduce Kiddypedia Discovery Centres at the developer's townships in Rawang and twentyfive7 in Telok Panglima Garang. (TheEdge)

Yinson Holdings Bhd's Singapore unit Yinson Production Offshore Pte Ltd is looking to raise up to US$500 million through a bonds issuance. (NST)

Astro Malaysia Holdings Bhd’s shares rose to the highest in nearly one month as CGS International reiterated its contrarian call and bet that dividend payouts could rise to 20% by January 2025, as the pay-television operator completes its cost-cutting efforts. (TheEdge)

Mercury Securities Sdn Bhd has recommended investors to subcribe to Main Market-bound MKH Oil Palm (East Kalimantan) Bhd (MKHOP) at 62 sen a share, with a fair value of 80 sen based on 14 times earnings per share forecast for the financial year ending Dec 31, 2024 (FY2024), translating into a 29% upside to the initial public offering (IPO) price. (TheEdge)

AmInvestment Bank Bhd has maintained its ‘buy’ call on Lee Swee Kiat Group Bhd (LSK), with an unchanged fair value of RM1.39 per share, based on financial year ending Dec 31, 2024 (FY2024) target price-earnings (P/E) of 12.8 times. (TheEdge)

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.

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