Trading ideas: Kerjaya, Chin Hin, Hong Seng, NHF

TheStar Tue, Dec 29, 2020 08:46am - 4 months ago

KUALA LUMPUR: Kerjaya Prospek, Chin Hin, Hong Seng Consolidated and New Hoong Fatt are among the stocks which could see trading interest on Tuesday following their corporate announcements, HF Apex Research says.

Kerjaya Prospek won a RM61.9mil contract from Aspen (Group) Holdings Ltd, for a residential project in Penang.

Chin Hin plans to buy a 51.5% stake in Chin Hin Group Property for RM88.86mil from its chairman Datuk Seri Chiau Beng Teik and his family.

It also announced a bonus issue of 278.19 million shares, on the basis of one bonus share for every two ordinary shares held in Chin Hin.

Hong Seng Consolidated is buying a piece of land in Kedah Rubber City (KRC) for RM45.74mil to build a factory which produces nitrile butadiene late used in the making of nitrile gloves.

New Hoong Fatt reported that 94 of its employees tested positive for Covid-19 after a planned screening involving 314 employees at its factory in Meru, Klang.

CN Asia, which was slapped with an unusual market activity (UMA) query, said it is unaware of any reason that could account for the recent sharp rises in its share price and trading volume.

Kotra Industries' unit Kotra Pharma (M) Sdn Bhd announced voluntary product recall for Axcel Mometasone 0.05% w/w Nasal Spray as it "may not have met the Pharmacopeia microbial specifications".

The dormitory for foreign workers belonging to Lii Hen in Muar, Johor has been put under Enhanced Movement Control Order (EMCO) after seven of its employees tested positive for Covid-19.

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