Trading ideas: IJM Corp, Bioalpha, Rhone Ma, Mercury, Glomac, Gadang

TheStar Thu, Jul 29, 2021 08:54am - 2 years View Original


KUALA LUMPUR: IJM Corp, Bioalpha, Rhone Ma, Mercury Industries, Glomac and Gadang are among the stocks to watch on Thursday after their corporate announcements, JF Apex Research says.

IJM Corp plans to distribute a potential special cash dividend of 15 sen per share or RM542 million to its shareholders after completion of its entire 56.2% stake sale in IJM Plantations Bhd to Kuala Lumpur Kepong Bhd for RM1.53bil.

Bioalpha has partnered a laboratory in South Sudan to undertake a Covid-19 testing programme at the border entry points in the country.

Rhone Ma has been appointed as the exclusive distributor of Canada-based Citest Diagnostics Inc’s Covid-19 antigen rapid test kit in Malaysia.

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