Trading ideas: Southern Cable, FGV, Mah Sing, EcoFirst, Homeritz

KUALA LUMPUR: Southern Cable, FGV Holdings, Mah Sing Group, Ecofirst Consolidated, Homeritz and Powerwell are among the stocks which could see trading interest on Friday, JF Apex research says.

Southern Cable will make its debut on the ACE Market on Friday with an offer price of 34 sen.

FGV Holdings has received an expression of interest from Perspective Land (M) Sdn Bhd (PLSB), which is wholly-owned by Tan Sri Syed Mokhtar Albukhary’s privately-held Restu Jernih Sdn Bhd.

The research house said PLSB intends to participate in FGV via an injection of plantation assets in exchange for shares. PLSB owns the Tradewinds group of companies, which include Tradewinds Plantation Bhd and Central Sugars Refinery Sdn Bhd.

JF Apex Research pointed out Mah Sing has proposed a diversification into the manufacturing and trading of gloves and related healthcare products, which will in turn provide the group access to the global market, thus reducing over-reliance on the domestic market for its property business.

The group is also considering listing its manufacturing division to unlock the segment’s value;

As for EcoFirst Consolidated, the company has proposed to expand its footprint in the Klang Valley by acquiring a 4.76-acre piece of land in Cahaya SPK, Shah Alam for RM42 million;

Homeritz has proposed a bonus issue with free warrants, which will involve up to 93.75 million bonus shares and 93.75 million warrants.

The bonus issue will be on the basis of one bonus share for every four existing shares held, and one free warrant for every four existing shares held by shareholders on an entitlement date to be announced later;

Powerwell secured two contracts from Sunway Group totalling RM9.1mil, bringing its outstanding order book to RM80mil.

AWC and its partners have secured a water infrastructure project in Sarawak worth RM7.33mil from Real Teamtrade Sdn Bhd;

Amtel Holdings, whose share price has surged 54% in the past one week, said it is unaware of the reason behind the sudden jump in its share price.

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

Did you find this article insightful?


Next In Business News

AirAsia proposes RM454mil private placement
Bintai Kinden plans fresh private placement to fund property venture
SC expands grant scheme to promote sustainable devt fund raising
Lower demand for oil pipes and valves hurts Pantech 3Q earnings�
Semicon, glove stocks losing their grip
Sources: Ant’s Malaysian e-wallet venture with CIMB in talks to raise US$150mil
Tenaga: 10,768 commercial customers to benefit from 10% Permai discount
RAM expects corporate bonds issuance of up to RM110b
Celcom introduces Celcom Cloud Suite to accelerate digital adoption
CIMB Thai FY20 net profit dips on higher provisions

Stories You'll Enjoy