MQ Market Updates - 26 January 2026
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QL Resources Bhd (QL) has initiated its RM1.3bil QL Innofood Park project, but a recent share price rebound has led to a downgrade by MBSB Research, indicating potential unsustainability.
Tencent Holdings (TENCENT-C36), along with Fidelity International and Temasek Holdings, is set to invest in the IPO of Busy Ming Group Co, a Chinese snack retailer.
KKB Engineering Bhd (KKB) secured contracts worth RM80mil, boosting its order book to RM292mil and outstanding orders to RM347mil.
Mah Sing Group Bhd (MAHSING) completed its M Astra development ahead of schedule, showcasing operational efficiency.
Gamuda Bhd (GAMUDA) maintains a strong growth trajectory with a robust project pipeline expected to elevate its order book to RM50bil by 2026.
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