KUALA LUMPUR: GDex, Tropicana, Sime Plantation, Focus Dynamics and Comfort Gloves are among the stocks which could see trading interest on Wednesday, JF Apex Research says.
GDex has received the approval from the Malaysian Investment Development Authority (MIDA) for a second round of integrated logistics services (ILS) tax incentive, via pioneer status, of up to 70% on statutory income for each year of assessment for a period of five years.
As for Tropicana Corp, it is buying two pieces of contiguous freehold land next to its Tropicana Grandhill development in Bentong, Pahang for RM400mil to expand its landbank and enhance its property development profile in the Genting Highlands.
Sime Darby Plantation has appointed PricewaterhouseCoopers (PwC) and an independent international NGO specialising in migrant worker rights to further strengthen its human rights commitments and compliance.
Focus Dynamics bought 16.67% of Hong Kong-listed food and beverage (F&B) group Top Standard Corp for RM7.85mil as this is in line with its expansion plans with Oversea Enterprise to bring the Oversea brand onto the international stage.
Minetech Resources secured a RM15.04mil sub-contract from KH Communication Sdn Bhd to supply and instal traffic signs and overhead signboards for Phase 1 of the Pan Borneo Highway project in Sarawak.
Spring Art has proposed a bonus issue of 166.27 million free warrants on the basis of two warrants for every five existing shares held to reward existing shareholders.
Sarawak Energy and Petronas signed an MoU on green hydrogen commercial production and its value supply chain exploration in Asia.
RCE Capital’s 2Q net profit rose to RM33mil from RM27.2mil a year ago due to an increase in early settlement income arising from higher refinancing activities by customers.
Nestle saw its 3QFY20 net profit drop 13.16% on-year as the Covid-19 pandemic impacted the food and beverage manufacturer’s hotel, restaurant and café (HORECA) channel sales coupled with higher operational expenses.
KLCCP Stapled’s 3Q net profit fell 13.6% to RM156.66mil due to lower revenue, amid the prolonged pandemic and the various phases of lockdown that came into effect since March 18.
Careplus has suspended factory operations for two days as employees tested positive for Covid-19.
The independent auditor of Daya Materials has expressed a disclaimer of opinion in the group’s audited financial statements for the 18-month period ended June 30,2020.
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