Trading ideas: Deleum, Subur Tiasa, E&O

TheStar Mon, Mar 29, 2021 08:30am - 1 month ago


KUALA LUMPUR: Stocks that are expected to attract investor attention on Monday include Deleum, Subur Tiasa, E&O and Kerjaya Prospek, among others, said JF Apex Research.

In a report, the research house hihglighted that these counters may see prie action following corporate announcements.

Deleum said Petronas has suspended its 60%-owned subsidiary, Deleum Primera Sdn Bhd, from participating in the national oil company's tenders and contracts until further notice.

Subur Tiasa’s 2QFY21 net profit rose 65.7% yoy, on higher crude palm oil (CPO) prices.

E&O said it received notice of a manadatory general offer from Amazing Parade — the private vehicle of the Tee brothers, who control construction firm Kerjaya Prospek.

This comes after Amazing Parade bought a 10.89% stake in E&O from Sime Darby.

Velesto Energy has secured a US$8 million (RM33.17mil) contract from ConocoPhilips Sarawak Ltd and ConocoPhilips Sarawak Oil Ltd for the provision of jack-up drilling services.

Cypark's wholly-owned unit has been granted a 1.100 MW biogas quota at a palm oil mill in Johor.

Malton has signed a memorandum of understanding with Ho Wah Genting to potentially acquire a 14% stake in its wholly-owned electric vehicle (EV) unit HWGB EV Sdn Bhd.

Kimlun's 4QFY20 net profit plunged 71.39% yoy, due to lower contributions from its construction, property and investment divisions.

Hai-O's 3QFY21net profit grew 35.32% yoy, thanks to better contributions from its multilevel marketing and wholesale divisions.

Reach Energy posted a lower net profit of RM64.47 million in its 4QFY20 against RM92.55 million in a year ago no thanks to weaker production.






Related Stocks

APEX 0.915
CYPARK 1.230
DELEUM 0.555
GENTING 4.890
HWGB 0.390
KERJAYA 1.290
KIMLUN 0.895
MALTON 0.470
REACH 0.090
SIME 2.240
SUBUR 0.805
VELESTO 0.145

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