MQ Market Updates - 9 January 2025
MQ Market Updates - 9 January 2025
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Affin Bank Bhd (AFFIN) anticipates Malaysia's economy to grow by 5.2% this year, slightly up from its 5% estimate for 2024. This aligns with the Finance Ministry's forecast of 4.5% to 5.5% growth.
Major shareholders of NPC Resources Bhd (NPC) are contemplating a privatization proposal at RM2.82 per share, following a notable increase in its share price.
Kenanga Investment Bank Bhd (KENANGA) maintains a neutral outlook on the aviation sector, despite predicting a 15% rise in visitors to Malaysia.
T7 Global Bhd (T7GLOBAL) has secured a six-month contract for maintenance and construction services for Hibiscus Petroleum Bhd (HIBISCS), with an option for a six-month extension.
The takeover bid for Malaysia Airports Holdings Bhd (AIRPORT) by Gateway Development Alliance (GDA) could significantly reshape Malaysia's aviation landscape, with GDA holding 84.1% of shares and aiming for a 90% threshold for delisting.
Source: NST, TheEdge, TheStar
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