MQ Market Updates - 19 April 2024
MQ Market Updates - 19 April 2024
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Kimlun Corporation Bhd's pipeline of opportunities looks robust with stronger private sector optimism as well as rollout of basic and big ticket infrastructure projects. (NST)
EG Industries Bhd has signed a second letter of intent with US-based Cambridge Industries Group (CIG) to produce the next-generation 1.6T advanced high-speed optical signal transmitter and receiver for 5G wireless networks at EG Industries’ new Smart Factory 4.0 in Penang (PG2). (TheStar)
The planned merger of Axiata Group Bhd, Malaysia’s largest telecommunications company by revenue, with India’s Bharti Airtel Ltd raises concerns as the latter's subsidiary Airtel Lanka is currently a loss-making company, analysts said. (TheEdge)
Cloudpoint Technology Bhd is well positioned to capitalise the burgeoning demand for cybersecurity solutions post-passage of the new cybersecurity bill. (NST)
MKH Oil Palm (East Kalimantan) Bhd’s (MKHOP) initial public offering (IPO) has been oversubscribed by 8.4 times ahead of its listing on the Main Market of Bursa Malaysia Securities Bhd. (TheStar)
Source: NST, TheEdge, TheStar
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