MQ Market Updates - 3 January 2025
MQ Market Updates - 3 January 2025
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Southern Cable Group Bhd (SCGBHD) is anticipated to secure a contract for cable supply to the national electric utility, with an announcement expected soon, according to Hong Leong Investment Bank (HLIB).
MMC Corp Bhd (MMCCORP)'s Port of Tanjung Pelepas (PTP) has achieved a milestone as Malaysia's first container terminal to exceed 12.25 million TEUs in a year in 2024.
Petronas Chemicals Group Bhd (PCHEM)'s recent share price recovery may be plateauing, as the company faces potential impairment issues with its joint venture, Pengerang Petrochemical Company Sdn Bhd, alongside Saudi Aramco.
Analysts predict Bank Negara will maintain the overnight policy rate (OPR) at 3% through 2025.
Source: NST, TheEdge, TheStar
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