Trading ideas: Hai-O, NTPM, Reservoir Link

TheStar Mon, Dec 21, 2020 08:24am - 3 months ago


KUALA LUMPUR: There is a long list of stocks to watch for on Monday following the announcement of corporate earnings and activities in the previous week, according to JF Apex Research.

Hai-O’s net profit grew 41.5% year-on-year to RM10.35 million in its 2QFY21 from RM7.32 million last year, thanks to higher sales from its multi-level marketing division.

NTPM returned to the black in the second quarter ended Oct 30, 2020 with a net profit of RM13.74 million from a net loss of RM1.36 million a year earlier.

Reservoir Link Energy has bagged a contract worth US$11.5 million (RM46.3 million) for the provision of perforation and wash for abandonment and decommissioning of Chinguetti and Banda Fields, offshore Mauritania.

Mi Technovation proposed the acquisition of a 99% stake in the Taiwanese firm Accurus Scientific Co Ltd for RM217.01 million.

Accurus is involved in the manufacturing of solder spheres which are widely used in Advanced Packaging such as ball grid array and wafer level packaging in the semiconductor industry.

Pegasus Heights Bhd plans to raise up to RM80.31 million through a private placement of up to 2.92 billion shares or 20% of its total issued share.

PCCS has clarified that its proposed venture into the medical and health sector via a partnership with Chinese firm Shanghai Shenqi Medical Co Ltd does not breach its listing requirements.

PLS Plantation has bought 14.81 acres of land in Raub, Pahang for RM11.5 million to expand its durian cultivation business.

Bursa Malaysia issued an unusual market activity query on Puncak Niaga due to the sharp rise in its share price and trading volume.

Fintec Global said its rights issue with free warrants has been oversubscribed by 24.99%. The group said it will raise about RM114 million from this corporate exercise from which RM65 million will be used to build a new factory in Chemor, Perak for its glove business.

Pecca, which is actively looking for merger and acquisition (M&A) opportunities, expects to conclude a deal in the first quarter of 2021. The deal is related to its core business, which involves automotive leather upholstery components.

Mestron is teaming up with Samdo Smart Solar (M) Sdn Bhd to jointly undertake engineering, procurement, construction and commissioning (EPCC) services for six solar power systems for telecommunication towers in Malaysia.






Related Stocks

APEX 0.955
BURSA 8.880
FINTEC 0.055
MESTRON 0.280
MI 4.290
NTPM 0.595
PCCS 0.545
PECCA 3.940
PHB 0.020
PRKCORP 0.375
PUNCAK 0.535
RL 0.735

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