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MQ Market Updates - 05 Jun 2026

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2026-06-05 17:35:49
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MQ Market Updates - 05 Jun 2026

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The Federal Land Development Authority has signed an MOU with Encorp Bhd (ENCORP) for designing and constructing housing for its employees, potentially leading to a contract.

Oriental Interest Bhd (OIB) has launched the RM294 million Myra Embun, a new freehold mixed development in Jenderam, Dengkil.

The KLCI index change may shift weight from financial services and utilities to real estate, as IOI Properties Group Bhd (IOIPG) replaces Sime Darby Bhd (SIME), according to CIMB Research.

Malakoff Corp Bhd (MALAKOF) has signed an MOU with TNB Repair and Maintenance Sdn Bhd for collaboration through its subsidiary.

Velesto Energy Bhd (VELESTO) has secured a job in Thailand, but analysts predict moderate income due to soft market rates.

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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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