MQ Market Updates - 13 December 2024

2024-12-13 17:29:10

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Public Investment Bank Bhd (PublicInvest) anticipates that Gamuda Bhd (GAMUDA) will maintain earnings visibility for the next two to three years due to its strong orderbook. The company's shares reached a new all-time high, driven by expected robust performance from contract wins and a solid project pipeline.

T7 Global Bhd (T7GLOBAL) has secured a contract from PETRONAS Carigali Sdn Bhd for offshore maintenance and construction services. This contract is expected to enhance T7 Global's operational capabilities in the region.

CIMB Securities has downgraded its earnings forecasts for Bermaz Auto Bhd (BAUTO) by 12-24% for FY25-FY27 due to lower sales volume expectations, particularly for Mazda. Consequently, Bermaz's shares fell to a 15-month low following disappointing quarterly results.

Yinson Holdings Bhd (YINSON) reported a 19.4% decline in net profit for 3Q FY2025, attributed to reduced revenue and increased costs. Meanwhile, Astro Malaysia Holdings Bhd (ASTRO) faces challenging medium-term prospects amid economic headwinds.

Shares of JF Technology Bhd (JFTECH) rose 13% to an intraday high, indicating strong market interest.

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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