Trading ideas: Ho Hup, BLand, Tan Chong Motor, Southern Steel, Ann Joo

TheStar Thu, May 28, 2020 08:56am - 3 years View Original


KUALA LUMPUR: HO HUP CONSTRUCTION COMPANY Bhd, BERJAYA LAND BHD (BLand), TAN CHONG MOTOR HOLDINGS BHD, SOUTHERN STEEL BHD and ANN JOO RESOURCES BHD are among the stocks to watch on Thursday, according to JF Apex Research.

Ho Hup Construction has bagged two contracts worth a combined RM102.49mil from China Communications Construction Sdn Bhd to work on the East Coast Rail Link (ECRL).

Berjaya Land has won an arbitration award of 947.07 million renminbi (RM595.45mil) plus costs against the buyer and guarantors of a mall under construction in China.

The Royal Malaysian Customs Department has slapped Tan Chong Motor’s manufacturing unit Tan Chong Motor Assemblies Sdn Bhd with an RM180.11mil bill for excise duties from Nov 1, 2016 to Oct 31, 2019.

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