KUALA LUMPUR: Stocks to watch on Friday include Sime Darby Plantation Bhd (SDP), Datasonic Group Bhd, MISC BHD, Kejuruteraan Asastera Bhd, Kossan Rubber Industries Bhd and Notion VTEC Bhd, according to JF Apex Research.
Sime Darby Plantation said its unit Sime Darby Plantation Investment (Liberia) Pte Ltd has completed the disposal of its entire interest in Sime Darby Plantation (Liberia) Inc (SDP Liberia) to Mano Palm Oil Industries Ltd (MPOI).
Under the Sale & Purchase Agreement, SDP’s entire equity in SDP Liberia was sold to MPOI for US$1 plus an earn-out payment, which will be determined by the average future crude palm oil (CPO) price and future CPO production of SDP Liberia in 2022.
Datasonic as received a letter of extension (LoE) to supply 6.1 million raw MyKads and MyKad consumables to the National Registration Department (NRD).
The LoE is for a one-year period, from Jan 1, 2020 to Dec 31, 2020.
MISC, Samsung Heavy Industries, Lloyd's Register and MAN Energy Solutions are working on a joint development project for an ammonia-fuelled tanker in efforts towards a decarbonized future.
Kejuruteraan Asastera has proposed to undertake a 2-to-5 share split to increase the affordability and trading liquidity of its shares.
Kossan is disposing of a vacant piece of freehold industrial land in Kuala Langat, measuring 390,397 sq metres, for RM147.75mil.
The sale of the land to Liansheng Paper (Malaysia) Sdn Bhd is expected to bring about a net gain of RM35.4mil to Kossan.
Notion Vtec has been offered a final amount of RM22.22mil from its insurer AXA Affin General Insurance Bhd for the business interruption loss settlement in relation to a fire incident that occurred in its facility in 2017.
Out of the RM22.22mil payment, Notion Vtec has received RM10mil in August 2019, leaving the balance RM12.22mil outstanding.
Meanwhile, US markets climbed to record highs following better-than-expected quarterly earnings and jobless claims.
Earlier, European stocks advanced after the phase one trade deal between the US and China was sealed.
“Following the bullish performances in the US and Europe, the FBM KLCI could climb towards
its resistance of 1,615 points,” JF Apex said.
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