Trading ideas: Berjaya Corp, Ranhill Utilities, Comintel, Techbond, United Malacca, G Capital and Infomina

TheStar Thu, Dec 29, 2022 08:47am - 1 year View Original


KUALA LUMPUR: Stocks in focus on Thursday incude Berjaya Corp, Ranhill Utilities, Comintel, Techbond, United Malacca, G Capital and Infomina, said Apex Research.

Berjaya Corp Bhd's (BCorp) major shareholder and chairman Tan Sri Vincent Tan Chee Yioun has trimmed his stake at the diversified group, which is in the midst of evaluating a potential acquisition involving a licensed entity governed by Bank Negara Malaysia under the Financial Services Act 2013.

Ranhill Utilities Bhd, via its unit Ranhill Water Services Sdn Bhd, has secured a RM38.5 million contract from the Public Works Department, Minority shareholders of Comintel Corp Bhd have been advised to reject a mandatory takeover offer launched by the company's largest shareholder Datuk Jackson Tan Kak Seng.

Techbond Group Bhd is spending RM57.25 million cash to acquire a company that produces adhesives and its related chemicals under the business empire of tycoon Robert Kuok.

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