Trading ideas: BCorp, Axiata, TRC, UWC, VS Industry


KUALA LUMPUR: Berjaya Corporation, Axiata, Digi, TRC Synergy, UWC and VS Industry are among the companies which could see trading interest on Wednesday after their corporate news, JF Apex Research said.

Berjaya Corp’s newly appointed group chief executive officer Abdul Jalil Abdul Rasheed has revealed a three-year strategic plan to transform the conglomerate back towards profitability.

Some key initiatives of the plan, including to recategorise and streamline existing operations, institutionalise and monitor performance, and ultimately to unlock value in the group.

Meanwhile, Axiata said the group and Telenor Asia have completed the due diligence works pertaining to the proposed merger between Celcom Axiata Bhd and Bhd, and will be signing definitive agreements soon;

As for TRC Synergy, it has secured a RM43mil maintenance contract from BHIC Submarine Engineering Services Sdn Bhd to maintain the Royal Malaysian Navy Submarine Base in Kota Kinabalu.

UWC saw its 3QFY21 net profit increase by 58% on-year following higher earnings from its semiconductor and life science segments;

VS Industry announced its best-ever quarterly net profit of RM73.38mil for its 3QFY21, thanks to higher contribution across all of its business segments. Revenue doubled to RM1.07bil during the quarter from RM505.66mil in 3QFY20, underpinned by stronger sales.

Minetech Resources has broadened its horizon into the financial technology (fintech) and telecommunications sectors. Through its unit Techmile Resources Sdn Bhd, Minetech won a contract from ARNN Technologies Sdn Bhd to design and fabricate an integrated data centre.

Poh Kong swung back to the black in its 3QFY21 with a net profit of RM24.02mil, compared with a net loss of RM2.31mil a year earlier, due to higher revenue and cost control initiatives.

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