Trading ideas: IHH, Advancecon, Pestech, KNM, Petronas Chemicals, Ta Ann

TheStar Tue, Nov 23, 2021 09:00am - 2 years View Original


KUALA LUMPUR: Stocks on investors' radar screen on Tuesday could include IHH, Advancecon, Pestech, KNM, Petronas Chemicals, Ta Ann, Maybulk, BP Plastics, Revenue Group, Hextar Global, AirAsia, Lay Hong, Guan Chong and Hong Leong Industries, according to JF Apex Research.

IHH Healthcare is considering the potential sale of its China unit, in a deal that could value the chain at as much as US$1bil, according to a news report.

Advancecon has secured a construction project worth RM23.47mil in Klang from Sime Darby Property (Bukit Raja) Sdn Bhd.

Pestech has secured a contract from the National Grid Corp of the Philippines to upgrade the South Luzon substations worth around RM156.91mil.

KNM has proposed a private placement of 10% of its share capital to raise up to RM53.46mil to pare its debt (RM30mil) and working capital (RM22.16mil), five months after its private placement of 30% share capital was rejected by shareholders in June.

Meanwhile, in earnings results, Petronas Chemicals, Ta Ann, Maybulk, BP Plastics, Revenue Group chalked up better y-o-y quarterly earnings while Hextar Global, AirAsia, Lay Hong, Guan Chong, Hong Leong Industries recorded weaker y-o-y quarterly results.

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Related Stocks

ADVCON 0.285
BPPLAS 1.280
GCB 2.710
HEXTAR 0.900
HLIND 10.560
IHH 6.200
LAYHONG 0.395
MAYBULK 0.300
PESTECH 0.205
REVENUE 0.185
SIMEPROP 0.915
TAANN 4.160

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