KUALA LUMPUR: Stocks that could see active trading on Friday include Sime Darby, SunREIT, Pecca, United Plantations, FPI, Salutica, MAA, ELK-Desa and Bumi Armada
, said Apex Securities Research.
Sime Darby Bhd's shareholders have given their approval for the proposed acquisition of Permodalan Nasional Bhd's (PNB) 61.2% stake in UMW Holdings Bhd.
Sunway Real Estate Investment Trust’s (Sunway REIT) net property income (NPI) increased by 6.6% to RM136.75 million for the third quarter ended Sept 30, 2023 (3QFY2023), from RM128.24 million a year earlier in line with higher revenue driven by sharp increase in hotel segment’s earnings.
Pecca Group Bhd has reported a 55.8% surge in net profit for its first financial quarter ended Sept 30, 2023 (1QFY2024) at RM13.01 million, from RM8.35 million a year earlier, thanks to higher sales of upholstery car seat covers and improved operational efficiency.
United Plantations Bhd (UP) recorded a net profit of RM235.68 million for its third quarter ended Sept 30, 2023 (3QFY2023), up 19.8% from RM196.72 million in the previous year’s corresponding period, despite lower revenue and share of results from its joint ventures, thanks largely to lower operating and income tax expenses.
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