Trading ideas: Sime Darby, Pentamaster, Sanbumi, JHM
KUALA LUMPUR: JF Apex Research expects Sime Darby Bhd , Pentamaster Corp Bhd , Sanbumi Holdings Bhd and JHM Consolidation Bhd to be among the stocks to watch on Wednesday.
Sime Darby’s wholly-owned unit, Sime Darby Industrial Holdings Sdn Bhd, has disposed of a 53% stake in Sime Kubota Sdn Bhd to Kubota Corporation for RM25.87mil.
Pentamaster has proposed a one-for-two bonus issue of up to 158.29 million new shares to be undertaken on a date to be determined later.
Sanbumi’s unit Sanbumi Sawmill Sdn Bhd (SSSB) is going to jointly develop a proposed mixed development in Seberang Perai, Penang, worth an estimated RM127.81mil.
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