Trading ideas: Kossan, G Capital, Daibochi, Mah Sing

TheStar Thu, Dec 17, 2020 08:45am - 2 months ago

KUALA LUMPUR: Kossan Rubber Industries, G Capital, Daibochi and Mah Sing are among the companies which could see trading interest on Thursday after their corporate announcements, JF Apex Research says.

Kossan has found 427 out of its total 7,004 employees infected with Covid-19, and it has suspended operations at one of its factories from Dec 4.

This would result in an estimated 25% production loss and 2% annual profit over a two-week period.

G Capital’s 90%-owned subsidiary Gunung Hydropower Sdn Bhd’s has received the Sustainable Energy Development Authority’s (SEDA) nod for a higher feed-in tariff (FiT) rate for its small 10MW hydropower project in Sungai Perak, Salu.

Daibochi’s net profit for the first quarter ended Oct 31,2020 (1QFY21) rose 16.51% to RM12.79mil from RM10.98mil a year ago, driven by higher sales to major consumer brands.

Mah Sing mulls listing its manufacturing division — which includes its new rubber glove business — in Hong Kong.

OKA Corp has temporarily shut its Senai factory in Johor after two of its workers tested positive for Covid-19.

Komarkcorp has entered into a distributorship agreement with LKL International Bhd to sell and distribute its disposable medical grade face masks worldwide.

Lion Industries Corp will take over China-based property developer Well Morning Ltd, in an RM210.35mil debt settlement by Lion Diversified Holdings, which is in liquidation.

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