MQ Market Updates - 17 July 2024
MQ Market Updates - 17 July 2024
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Maxis Bhd (KL:MAXIS), a Malaysian telecommunications firm controlled by billionaire T Ananda Krishnan, is considering buying out U Mobile Sdn Bhd to help it expand in the Asian country, according to people with knowledge of the matter. (TheEdge)
Alliance Bank Malaysia Bhd (KL:ABMB) appears on track to meet its financial targets and investors should continue to accumulate the stock supported by decent dividend yield, said Maybank Investment Bank. (TheEdge)
Chinese glove makers' decision to shift their target markets from the US to European and Asian markets will result in a near-term trade diversion from the US to Malaysia, which will benefit most Malaysian players like Hartalega Holdings Bhd and Kossan Rubber Industries Bhd. (NST)
Rakuten Trade has maintained its 'buy' rating for SNS Network Technology Bhd (KL:SNS) at 84 sen, with a higher target price of RM1.23 (from 54 sen), and rolled over its valuation to the financial year ending Jan 31, 2026 (FY2026), based on price-earnings of 25 times. (TheEdge)
Phillip Capital has initiated coverage of MN Holdings Bhd (KL:MNHLDG) with a 'buy' rating at 97 sen, and a target price of RM1.20, pegged at a 20 times price-earnings multiple on fully diluted calendar year 2025 earnings per share. (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.
