Trading ideas: Bioalpha, Alam Maritim, Peterlabs, Comintel Corp, Careplus, Xidelang


  • Analyst Reports
  • Thursday, 23 Jul 2020

KUALA LUMPUR: JF Apex Research expects Bioalpha Holdings Bhd, Alam Maritim Resources Bhd, Peterlabs Holdings Bhd, Comintel Corp Bhd, Careplus Group Bhd, Xidelang Holdings Ltd and CepatWawasan Group Bhd to be among the stocks to watch on Thursday.

Bioalpha has secured a five-year contract worth 3.5 billion yuan (RM2.1bil) to supply ingredients for health food and nutritional meals to private and public sectors in China.

The contract, which is subject to annual renewal, is expected to contribute 700 million yuan (RM426.7mil) to the group's revenue per year, with the first batch of supply to kick off in September.

Alam Maritim has won a RM9.93mil work order for underwater services from IPC Malaysia BV for works related to FPSO Bertam underwater inspection in lieu of dry-docking activities.

Peterlabs said it is venturing into distribution of consumer goods, through the acquisition of a 60% stake in Thye on Tong Trading Sdn Bhd.

PN17 company Comintel Corp has roped in businessman Datuk Seri Dr S Subramaniam Pillai, who will be injecting his railway infrastructure business into the company.

Subramaniam is the founder and executive director of Dhaya Maju Infrastructure (Asia) Sdn Bhd, a joint venture partner in the RM4.47bil Klang Valley Double Track 2 rehabilitation project.

Careplus is buying a 90% stake in a property development firm for RM3.42mil cash, which will see the group consolidating its workers' hostels into a central location.

This will be done by converting the property developer's hotel property and shoplots in Seremban into hostels.

Xidelang is proposing a par value reduction by cancelling 3.9 US cents out of the par value of every existing share of 4 US cents each, to facilitate the implementation of an employees' share option scheme.

Cepatwawasan saw a more-than-fivefold jump in its net profit for the second quarter ended June 30, 2020 to RM4.46mil, from RM699,000 a year ago, on higher selling prices of palm oil products and lower production cost.

Microlink Solutions is partnering Scicom to collectively bid for e-government solution jobs.

Overnight, US markets rose after developments in a coronavirus vaccine and progress in unemployment benefits negotiations.

Earlier, European stocks declined as renewed concerns of rising coronavirus cases overshadowed the EU's recovery fund.

“Following the mixed performances in the US and Europe, the FBM KLCI could continue to hover below the resistance of 1,615 points,” JF Apex said.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 18
Cxense type: free
User access status: 3

Bioalpha , Alam Maritim , Peterlabs , Comintel Corp

   

Did you find this article insightful?

Yes
No

100% readers found this article insightful

Across the site