Trading ideas: Marine & General, Yinson, United Malacca, Kim Loong, Scientex, Glomac, SSF Home, MCE and Keyfield

TheStar Wed, Mar 27, 2024 08:07am - 2 months View Original


KUALA LUMPUR: Companies making headlines recently include Marine & General, Yinson, United Malacca, Kim Loong, Scientex, Glomac, SSF Home, MCE and Keyfield, said Apex Securities Research.

Marine & General Bhd's wholly-owned subsidiary M&G Tankers Sdn Bhd has disposed of a vessel, JM Sutera 5, to Kalianda Permata Transport Pte Ltd, Singapore, for US$5.5mil (about RM26.21mil) cash.

Yinson Holdings Bhd’s major shareholder has triggered an unconditional mandatory takeover offer to acquire the remaining shares it does not own in Icon Offshore after purchasing a 50.2% stake in Icon Offshore Bhd for RM172.2 million cash, or 63.5 sen per share.

Plantation outfit United Malacca Bhd has recorded a 49% jump in net profit for the third financial quarter, lifted by an improvement in its Indonesian operations as well as lower investment losses.

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