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Trading ideas: MCE, MGB, GFM, Dayang

Trading ideas: MCE, MGB, GFM, Dayang

KUALA LUMPUR: Companies which could see trading interest on Tuesday include MCE, MGB, GFM Services and Dayang following their corporate announcements, JF Apex Research said.

MCE has signed a memorandum of understanding (MOU) with China’s Chongqing Beidou Jiean Neo-Energy Technology Ltd (BDJA) to establish a joint venture (JV) for the electric vehicle business.

MGB has secured a turnkey project to develop a 1,006.7 acres industrial park in Kertih, Terengganu.

Also, MGB will take over a piece of land measuring 10,558.9 sqm in Plentong, Johor from its parent company, LBS Bhd for own development.

JF Apex Research said GFM Services said it is partnering Amzass (M) Sdn Bhd to upgrade the northbound and southbound Bemban lay-bys in Melaka. The group said Amzass has been authorised by the Malaysian Highway Authority to upgrade the facilities of the lay-bys, as well as to construct a petrol station on both sides of the proposed rest and service areas.

MAHB has teamed up with Maxis to co-develop a digital transformation road map for Smart Airport operations as the airport operator aims to leverage Maxis as the single telco operator to manage its connectivity services.

Dayang’s net loss for the second quarter ended June 30, 2021 widened to RM21.89mil from RM985,000 a year ago, due to higher operating costs amid the Covid-19 pandemic.

Kimlun’s net profit fell 74% to RM2.38mil in its second quarter ended June 30, 2021 from RM9.12mil in 1Q, despite higher revenue, as the imposition of the Full Movement Control Order affected some of its major business operations.

At Bursa on Monday, foreign funds were net sellers at RM120.8mil, local funds at RM17.9mil but retailer net buyers at RM138.7mil.

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