KUALA LUMPUR: Stocks in focus on Wednesday include Bermaz Auto
, CapitaLand, SCIB, Unitrade, CI, Malakoff, Kinergy, Sarawak Cable, Yinson and Barakah, said Apex Securities Research.
Bermaz Auto Bhd (BAuto) second quarter ended Oct 31, 2023 net profit rose to RM90.1mil from RM65.67mil in the previous corresponding period, while revenue in the second quarter grew to RM1bil from RM782.97mil a year earlier, underpinned by improvements in the supply chains and vehicle shipments.
Capitaland Malaysia Trust Bhd (CLMT) said it has converted its loan facility of RM693 million from CIMB Bank Bhd into a sustainability-linked loan facility for the funding of the acquisition of Queensbay Mall in Penang.
Sarawak Consolidated Industries Bhd (SCIB) has entered into a memorandum of understanding (MOU) for a potential joint venture residential development project in Bintulu, Sarawak, with a projected gross development value of RM250 million.
Unitrade Industries Bhd has proposed to enter the metal recycling market by acquiring a 51% stake in Intergreen Metals Sdn Bhd for RM66.3 million, in a move aimed at complementing the group's core operations in building materials wholesaling.
Following his appointment to the Cabinet as the Plantation and Commodities Minister, Datuk Seri Johari Abdul Ghani has relinquished his chairman's post at CI Holdings Bhd with immediate effect.
Malakoff Corp Bhd, through its wholly-owned subsidiary, Malakoff Radiance Sdn Bhd has secured a solar agreement with Railway Assets Corp (RAC) and Keretapi Tanah Melayu Bhd (KTMB) for the development, operation and maintenance of carport and rooftop solar systems at railway stations, depots and a park and ride terminal in Perak, Penang, Selangor, Johor and Negeri Sembilan.
Sustainable energy and engineering solution specialist Kinergy Advancement Bhd (KAB) is collaborating with leading fertiliser supplier Agromate Holdings Sdn Bhd to spearhead bioenergy or renewable energy generation across palm oil mills.
Sarawak Cable Bhd (SCB), a Practice Note 17 (PN17) company, had found a white knight in Serendib Capital Ltd to undertake a “resuscitation exercise” to revive the loss-making manufacturer.
Yinson Holdings Bhd’s Singapore unit Yinson Production Offshore Pte Ltd announced in a statement on Tuesday that it has sealed the deal on a five-year corporate facility loan of up to US$500 million (RM2.34 billion).
Barakah Offshore Petroleum Bhd has proposed to undertake an auction to seek a buyer for its vessel for at least US$11.4 million (RM53.28 million) in cash.
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