MQ Market Updates - 12 December 2024
MQ Market Updates - 12 December 2024
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Oriental Kopi Holdings Bhd has signed an underwriting agreement with Alliance Islamic Bank Bhd for its IPO on the ACE Market of Bursa Malaysia.
Axiata Group Bhd (AXIATA) is set to merge its Indonesian unit with a Sinar Mas Group subsidiary, with analysts predicting minimal earnings impact of under 2%. The merger aims to create a combined entity valued at US$6.5 billion, though benefits may take time to materialize.
TMK Chemical Bhd (TMK) debuted on the Main Market at RM1.97, a 12.6% increase from its IPO price, driven by strong investor demand.
Analysts have downgraded Astro Malaysia Holdings Bhd (ASTRO) earnings forecasts for FY25-27 due to weak revenue, keeping the stock near record lows.
Privasia Technology Bhd (PRIVA) signed a MoA for a data center project with Mara Inc and Felcra Bhd.
Source: NST, TheEdge, TheStar
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