Trading ideas: MAHB, Pharmaniaga, TDM, Cypark Resources, Tuju Setia and Inta Bina


KUALA LUMPUR: Stocks with latest company information stream that would come into concentrate on Friday embody MAHB, Pharmaniaga, TDM, Cypark Resources, Tuju Setia, Inta Bina, WZ Satu, Poh Huat and Sarawak Cable, says JF Apex Research.

MAHB has upsized its Islamic bond or sukuk issuance to RM800mil from the preliminary goal difficulty measurement of RM500mil beneath the group’s RM5bil sukuk wakalah programme on sturdy demand for the agency’s securities.

Pharmaniaga’s providers for the supply of medicines and medical provides to the Ministry of Health’s services has been prolonged for one more 12 months till Dec 31, 2022.

The Indonesian authorities has filed a RM293.67mil lawsuit towards TDM’s oil palm unit PT Rafi Kamajaya Abadi for allegedly performing illegally in relation to a hearth incident on the subsidiary’s land in West Kalimantan province in 2019.

Cypark Resources posted a web revenue of RM25.72mil for its 4QFY21, up 20% yoy, primarily because of financial savings achieved in finance prices and tax bills.

Tuju Setia has secured a RM311.7mil contract to undertake principal contractor work for Sunway d’hill Residences high-rise improvement in Kota Damansara, Selangor.

Inta Bina has bagged a contract price RM79.8mil from Eco Majestic Sdn Bhd to construct 149 double-storey homes of varied sizes for a gated and managed group housing scheme (strata property) in Precinct 6 in Beranang, Hulu Langat, Selangor.

Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah has raised his stake in WZ Satu to 9.8%.

This was after the King transformed 53.62 million Islamic convertible desire shares within the civil engineering and mining group into peculiar shares.

Poh Huat sank into the pink for its 4Q outcomes with a web lack of RM3.54mil, in contrast with a web revenue of RM25.62mil a 12 months in the past primarily because of extended shutdown of each its Malaysia and Vietnam operations resulted in a drastic drop in manufacturing and cargo.

Sarawak Cable has triggered the suspended standards of Practice Note 17 (PN17), however won’t be labeled as a PN17 firm, because of Bursa Malaysia’s aid measures.

Meanwhile, JF Apex mentioned the FBM KLCI is anticipated to hover beneath its resistance stage of 1,500 factors with muted buying and selling quantity on the final day of the buying and selling 12 months.

US markets fell in a single day forward of its penultimate buying and selling day whereas European indices ended the day increased on holiday-thinned buying and selling.

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