KUALA LUMPUR: Stocks that might see trading interest on Friday include Yinson, Revenue, Mobilia, Aeon Credit, Mercury Industries, QL Resources, Evergreen Fibreboard and WCT, according to JF Apex Research.
The research house said in its daily highlights report that the companies could see moves in their share price following recent corporate announcements.
A consortium that includes Yinson has been awarded funding from the Singapore government to develop and commercialise a fully electric cargo vessel with interoperable swappable battery infrastructure solutions for the Port of Singapore.
Revenue is acquiring four land plots in Mukim Baru for RM44mil to house its subsidiaries’ administrative and operations as well as technical team under one roof.
The group is also acquiring a 25% stake in VSure Tech Sdn Bhd, which is in the business of digitalising insurance platforms, for RM12mil.
Mobilia has proposed a bonus issue of three new shares for every four held, together with free bonus warrants on the basis of one warrant for every four shares held.
AEON Credit has obtained Bank Negara Malaysia’s approval to acquire insurance and takaful broking firm Insurepro Sdn Bhd for RM1.7mil.
Mercury Industries has inked a deal with Aturan Prisma Sdn Bhd to develop houses on a freehold land in Melaka.
The estimated total gross development value of the project is approximately RM152.3mil with an estimated total gross development cost of RM105.6mil.
QL Resources said its Indonesian subsidiaries, Pipit Mutiara Indah (PMI) and QL Mutiara (S) Pte Ltd, are being sued by a minority shareholder of PMI, PT Pipit Citra Perkasa (PCP), for alleged negligence in management.
Evergreen Fibreboard posted its second consecutive profitable quarter with a 2QFY21 net profit of RM4.21mil, against a net loss of RM11.08 million a year earlier, attributed to higher revenue from panel boards and downstream products, lower operation cost due to better production efficiency and higher foreign exchange gain recorded.
WCT is disposing of 12 pieces of vacant freehold land in Serendah, Selangor for RM214.3mil cash with an estimated disposal gain of RM45.53mil.