Trading ideas: Ipmuda, FGV, Petra Energy, Uzma, BAuto, Kerjaya

TheStar Mon, Jun 21, 2021 09:05am - 2 years View Original


KUALA LUMPUR: Ipmuda Bhd, FGV Holdings Bhd, TDM Bhd, Petra Energy Bhd, Uzma Bhd, Bermaz Auto Bhd and Kerjaya Prospek Group Bhd are among the stocks to watch on Monday, according to JF Apex Research.

Ipmuda announced that it has signed a slew of heads of agreement to acquire several renewable energy (RE) plants and healthcare assets totalling RM192.4mil, in line with the group's growth plan.

FGV Holdings has said it will appoint an independent auditor to conduct an assessment of FGV's operations against the 11 indicators of forced labour provided by the International Labour Organization (ILO), as advised by the US Customs and Border Protection (CBP).

The Indonesian authorities have revoked the plantation business licence (IUP) issued to TDM's Indonesian subsidiary PT Sawit Rezki Abadi for its 10,000ha land located in the municipality of Melawi, West Kalimantan, which is expected to result in a financial impact amounting to RM3.5mil on the group.

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