Trading ideas: Berjaya Land, DXN, Pavilion REIT, Wasco, Alam Maritim, MBSB, Fajarbaru, MISC, IHH, Barakah and Betamek

TheStar Fri, Jan 26, 2024 08:27am - 2 months View Original


KUALA LUMPUR: Companies that recently made headlines include Berjaya Land, DXN, Pavilion REIT, Wasco, Alam Maritim, MBSB, Fajarbaru, MISC, IHH, Barakah and Betamek, said Apex Securities Research.

Berjaya Land Bhd’s (BLand) 70%-owned subsidiary Berjaya Rail Sdn Bhd (BRail) has teamed up with IJM Corp Bhd's unit IJM Construction Sdn Bhd, Malaysian Resources Corp Bhd (MRCB) and national railway company Keretapi Tanah Melayu Bhd (KTMB) to bid for the Kuala Lumpur-Singapore high-speed rail (HSR) project.

DXN Holdings Bhd posted a 16.47% rise in net profit to RM78.36 million in the third quarter ended Nov 30, 2024 (3QFY2024) from RM67.28 million a year ago, underpinned by higher revenue.

Pavilion Real Estate Investment Trust (Pavilion REIT) net property income (NPI) rose 38.97% to RM134.64 million for the fourth quarter ended Dec 31, 2023 (4QFY2023), from RM96.89 million a year earlier, on higher revenue from malls, including newly acquired Pavilion Bukit Jalil.

Wasco Bhd is disposing of a parcel of land together with storage buildings erected on site in Shah Alam for RM40 million to Array Metal (M) Sdn Bhd.

Alam Maritim Resources Bhd said the High Court has granted it a nine-month extension, starting from Jan 25, to hold meetings with creditors in relation to its scheme of arrangement.

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