Trading ideas: Allianz Malaysia, Land & General, Muhibbah Engineering, Ecomate Holdings and Serba Dinamik

TheStar Tue, Jan 11, 2022 08:55am - 2 years View Original


KUALA LUMPUR: Stocks in focus on Tuesday following recent corporate news flow include Allianz Malaysia Bhd, Land & General Bhd, Muhibbah Engineering Bhd, Ecomate Holdings Bhd and Serba Dinamik Bhd, according to JF Apex Research.

Allianz Malaysia Bhd after the group proposed an interim dividend of 63 sen per share for the financial year ended Dec 31, 2021 (FY21).

Land & General Bhd is buying a 3.55-acre leasehold land within the main commercial centre of Bandar Puchong Jaya for RM68.04mil.

Muhibbah Engineering (M) Bhd is planning to raise up to RM128.46mil through a rights issue for partial repayment of the group's revolving credit facilities and its working capital.

Ecomate Holdings Bhd reported a net profit of RM2.62mil for its third quarter ended Nov 30, 2021.

Serba Dinamik Holdings Bhd's securities on Bursa Malaysia will remain suspended until further notice as it has not complied with Bursa Securities' directive to make an announcement on the findings from the factual findings update on the special independent review.

On the local market yesterday, the FBM KLCI rose 7.06 points to 1,550.17.

According to JF Apex, the benchmark index is expected to remain sideways below the resistance of 1,600 points following the overnight retreat on Wall Street.

The US market ended mixed with the Dow Jone and S&P500 falling whil ehte Nasdaq rose amid rising bond yields.

European stocks had declined earlier following concerns over higher interest rates.

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Related Stocks

ALLIANZ 20.880
BURSA 7.360
ECOMATE 0.850
L&G 0.125
MUHIBAH 0.855
SERBADK 0.020

Comments

Khairul
1 Like · Reply
Bursa, cut the chase... let the market determine Serba Dinamik's future...

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