MQ Market Updates - 17 December 2024
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Analysts are optimistic about Gamuda Bhd (GAMUDA) due to its expanding order book and opportunities in renewable energy. The recent Australian contract win has boosted its order book to RM31.8 billion, with a significant RM1.8 billion contract for the Goulburn River Solar Farm from Lightsource bp Renewable Energy Investments Ltd.
Vanzo Holdings Bhd (VANZO) debuted on the ACE Market, raising nearly RM21 million. The shares opened at 17.5 sen, reflecting a 16.7% premium over the IPO price, indicating strong growth potential in the domestic market.
Sapura Energy Bhd (SAPNRG) received a fourth extension to submit its regularisation plan, now due by May 31, 2025, to exit its PN17 status.
Sunway Bhd (SUNWAY) launched the GreenRE-certified Serene Villas in Penang.
Hartalega Holdings Bhd (HARTA) is seeing stock price increases due to higher earnings expectations.
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.
