Trading ideas: Rapid Synergy, KNM, SSF, Alliance Bank, Catcha Digital, DNeX, AWC, Luster, PetChem, MAA and T7 Global

TheStar Tue, Oct 10, 2023 08:48am - 4 months View Original


KUALA LUMPUR: Companies that recently made headlines include Rapid Synergy, KNM, SSF, Alliance Bank, Catcha Digital, DNeX, AWC, Luster, PetChem, MAA and T7 GLOBAL, said Apex Research.

Rapid Synergy Bhd is disposing of a freehold land in Desa Sri Hartamas, together with a five-storey commercial building, for RM32.39 million.

Datuk Seri Mahmud Abu Bekir Taib, the son of Sarawak Yang di-Pertua Negeri Tun Abdul Taib Mahmud, has emerged as a substantial shareholder of KNM Group Bhd after acquiring 203.47 million shares or a 5.03% stake in the financially-distressed company that is currently embroiled in a boardroom tussle.

SSF Home Group Bhd, which is scheduled to be listed on the ACE Market of Bursa Malaysia on Oct 12, has posted a net profit of RM2.65 million on the back of revenue of RM39.3 million for the first quarter ended July 31, 2023.

Alliance Bank Malaysia Bhd has announced that it will relocate to a new corporate head office after it acquired a 24-floor office suite in Jalan Ampang, Kuala Lumpur, for RM405.84 million.

Catcha Digital Bhd has announced the acquisition of two digital media companies in a bid to complement its mission to build a leading digital group in Southeast Asia.

Dagang Nexchange Bhd (DNeX) expects to expand its revenue through the introduction of its new TradeSwift DagangNet superapp, developed by its wholly-owned unit Dagang Net Technologies Sdn Bhd, which intends to implement a monthly fee ranging from RM25 to RM28 for users starting January next year.

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