Trading ideas: IGB REIT, Kerjaya Prospek, TCS

TheStar Mon, Apr 12, 2021 08:38am - 3 weeks ago

KUALA LUMPUR: Stocks to watch for on Monday include IGB REIT, Kerjaya Prospek, TCS, MMC, Menang Corp, GFM, Cocoaland, Samchem, TFP SOlutions and UCrest, according to KF Apex Research.

IGB REIT has moved to purchase properties worth RM3.16bil in total from IGB Bhd’s subsidiaries and 50% owned joint ventures (JV) as part of its listing.

Kerjaya Prospek's 49%-owned associate Kerjaya Bina BMK Sdn Bhd has secured an RM153.5mil contract from the Employees Provident Fund (EPF)-linked joint venture (JV) company, BBCC Development Sdn Bhd, for the construction of the main building of a proposed 44-storey serviced apartment project.

TCS has won an infrastructure job worth RM177.19mil for the final section of the West Coast Expressway from WCE Holdings Bhd; MMC is selling 11.07 acres of vacant industrial land at Senai Airport City (SAC) to Shengda New Energy Sdn Bhd (SNESB) for RM24.1 mil.

Menang Corp is undertaking a private placement to raise RM21.4mil in order to repay some of its debts.

GFM has proposed a private placement of up to 20% of its issued shares to raise up to RM47.49mil, which will mainly be used for the group’s working capital and new business opportunity.

Cocoaland has proposed to undertake a bonus issue of 228.8 million shares on the basis of one bonus share for every one existing share held on a date to be announced later.

Samchem has also proposed a bonus issue of 272 million shares on the basis of one bonus share for every share held on an entitlement date to be announced later.

TFP Solutions has signed memorandums of understanding with two firms to provide fintech services.

UCrest has signed a memorandum of understanding (MoU) with Russian Direct Investment Fund (RDIF) to identify and manage contract manufacturers for the production of the Sputnik V vaccine for RDIF.

Related Stocks

APEX 0.920
IGBB 2.820
MENANG 0.455
TFP-WB 0.145
UCREST 0.345
WCEHB 0.460


Login to comment.