Trading ideas: Southern Steel, Tanco, Bina Darulaman

TheStar Wed, Sep 22, 2021 08:42am - 2 years View Original


KUALA LUMPUR: Companies which could see trading interest on Wednesday are Southern Steel, Tanco, Bina Darulaman, Ekovest and MyEG following their corporate announcements, JF Apex Research said.

Southern Steel posted a 4Q FY21 net profit of RM24.47mil from a net loss of RM48.93mil, on the back of higher revenue.

Tanco has received a letter of award (LoA) for the engineering, procurement, construction and completion of the proposed reclamation of land measuring approximately 120 acres in a Melaka site, which is ancillary to the operation of Tanjung Bruas port.

Bina Darulaman’s joint venture (JV) with Menteri Besar Kedah Inc (MBI Kedah) has entered into a concession agreement for a mixed development of premium brand outlets, with boutique hotels and other amenities in Bandar Padang Mat Sirat, Langkawi.

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