Trading ideas: Hibiscus, AirAsia, Pansar, Dutch Lady

  • Analyst Reports
  • Thursday, 10 Sep 2020

KUALA LUMPUR: Hibiscus Petroleum, AirAsia, Pansar and Dutch Lady are among the stocks which could see trading interest on Thursday following their corporate announcements, JF Apex Research says.

Hibiscus Petroleum is raising up to RM2bil via a private placement as part of its accelerated plans to acquire good-value and high-quality producing assets.

AirAsia has set up a unit which aims to be Asia’s leading provider of engineering services for AirAsia’s group of airlines and other commercial airlines.

As for Pansar, it plans to diversify its business to include construction and civil engineering by acquiring Sarawak-based builder Perbena Emas Sdn Bhd for RM151mil cash.

Omesti has ceased to be a shareholder of Diversified Gateway Solutions, after disposing of its entire 40.14 million shares in the latter.

JF Apex Research said Dutch Lady is assessing the prospects of a potential sale of its current factory land in Petaling Jaya.

The assessment came as the group had received shareholders’ approval last July for the purchase of land in Bandar Enstek, Negeri Sembilan for a new manufacturing plant.

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Hibiscus Petroleum , AirAsia , Pansar , Dutch Lady


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