Trading ideas: Kelington, Lagenda Properties, Bina Darulaman

TheStar Wed, Apr 07, 2021 08:51am - 3 years View Original


KUALA LUMPUR: Stocks with news flow that may see price movement today include Kelington, Lagenda Properties, Bina Darulaman, ConnectCounty, AirAsia, Frontken, Genting, Genting Malaysia, Kejuruteraan Asastera, Serba Dinamik, Daya Materials, Cheetah and plantataions counters.

JF Apex Research noted that corporate developments in these counters could attract investor attention in its daily highlights report.

Kelington has proposed a one-for-one bonus issue of up to 322.62 million new shares.

Lagenda Properties is collaborating with Bina Darulaman for an affordable housing development project on five parcels of land in Bandar Amanjaya, Kedah.

ConnectCounty's 51%-owned unit has accepted a RM128.91mil contract to develop a private medical centre in Alor Setar, Kedah.

AirAsia plans to raise as much as US$300mil to expand its digital business arm AirAsia Digital, Bloomberg reported, citing people with knowledge of the matter.

Frontken's Taiwanese unit is purchasing an industrial property in Taiwan for NT$367.5mil (about RM53.29mil), cash, to expand its production capacity there to support increasing demand from its semiconductor customers.

Genting and Genting Malaysia are seeking the green light from shareholders to buy back their own shares.

Kejuruteraan Asastera has secured a RM17.9mil contract from China Construction Yangtze River (Malaysia) Sdn Bhd (CCYRM) to carry out electrical installation and infrastructure works on three buildings along Jalan Tun Razak, Kuala Lumpur.

Serba Dinamik and Membrane Technology (M) Sdn Bhd, a Universiti Teknologi Malaysia spin-off company, signed a memorandum of agreement today to collaborate on the manufacturing and development of advanced membrane technology for haemodialysis treatment, water and waste water treatment.

Plantation counters could be under investors’ radars as Sri Lanka banned imports of the world’s most-consumed cooking oil and told planters to get rid of all the tropical trees in the country.

Daya Materials has bagged a one-year extension for the maintenance of air-conditioning and mechanical ventilation at the Petronas Twin Towers, Masjid Asy-Syakirin, Kompleks Dayabumi and Petrosains.

Cheetah is expecting to generate an additional revenue of RM25mil annually with the launch of its newly-revamped online apparel store.

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