Trading ideas: Serba Dinamik, Sino Hua-An, Key Alliance, Digi, KIP Reit

KUALA LUMPUR: Stocks to watch on Friday include Serba Dinamik Holdings Bhd, Sino Hua-An International Bhd, Bhd, Key Alliance Bhd, KIP Real Estate Investment Trust (KIP REIT), United Plantations Bhd and Solarvest Holdings Bhd.

Serba Dinamik wants to raise up to RM580mil fresh capital via private placement of new shares for repayment of bank borrowings and working capital.

Sino Hua-An has entered into two agreements to acquire the entire stake in MD Labs Sdn Bhd as well as a 70% stake in HumanCapient Consulting Sdn Bhd (HCSB) for a combined total of RM27mil.

MD Labs is involved in data analytics and provision of business intelligence solutions, while HCSB is involved in the provision of services in design, planning and implementation of change management programmes, specialising in systems integration projects.

Key Alliance’s unit Progenet Innovations Sdn Bhd has inked a reseller agreement with Singapore firm Storm Front Pte Ltd, under which it will offer post-Movement Control Order business reboot solutions.

Digi's 1QFY20 net profit fell 2.78% year-on-year, as other expenses jumped, while it recorded a net loss from its foreign currency and fair value movement currency forward contracts.

KIP REIT’s 3QFY20 net property income rose 41.9% year-on-year, underpinned by higher gross revenue following the acquisition of AEON Mall Kinta City last July as well as better cost management.

United Plantations’ 1QFY20 net profit rose 21% year-on-year, thanks to higher average selling prices for crude palm oil (CPO) and palm kernel (PK).

Also, the lower operating expenses and higher other operating income during the quarter helped to lift earnings.

Solarvest has secured a rooftop solar project worth RM29.2mil from Petronas-linked NE Suria Satu Sdn Bhd (NESS), involving 15 stores of a hypermarket chain here.

Meanwhile, US markets ended mixed overnight after weekly jobless claims surged to 4.4 million.

Earlier, European stocks advanced after oil prices rebounded.

“Following the mixed performances in the US and Europe, the FBM KLCI could remain sideways above its support of 1,370 points,” JF Apex said.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3

Serba Dinamik , Sino Hua-An , Key Alliance , Digi


Next In Business News

Human error and shaky grid spark new global-chip supply concerns
Grab’s SPAC vehicle Altimeter near record low
Singapore stocks tumble as strict virus curbs return
Foxconn sees 2Q surge on WFH boom
Ant leapfrogs banks to top China fund sale rankings
Wider vaccination and herd immunity are vital to the recovery
Oil extends loss on India Covid-19 cases, U.S. pipeline restart
Stocks rebound as Fed officials calm inflation fears, for now
Japan Q2 economic growth forecasts cut sharply on coronavirus restrictions
Subang Airport car park upgrading to complete by 3Q, 200 extra parking bays

Stories You'll Enjoy