Trading ideas: Vizione, UWC, Samaiden, Uzma, Top Glove

KUALA LUMPUR: Vizione, UWC, Samaiden, Uzma and Top Glove are among the stocks to watch on Wednesday following their corporate announcements, JF Apex Research says.

Vizione has allocated RM30mil to capital expenditure for its recently acquired glove manufacturer, to boost its annual production capacity more than three-fold to 1.6 billion pieces of gloves over the next 18 months, from 500 million pieces currently.

The research house said as for UWC, its 1Q profit nearly doubled on-year, lifted by strong demand from semiconductor, Covid-19 test equipment clients.

Samaiden Group has won the bid to develop a 1.2 megawatt biogas power plant in Bachok, Kelantan — its second power plant contract for the month of November.

Berjaya Corp’s unit has won exclusive distribution rights for Peugeot vehicles in Malaysia.

Uzma has secured a one-year contract from SEA Hibiscus Sdn Bhd for the provision of integrated well services.

AME Elite Consortium is looking at establishing and listing a real-estate investment trust (AME REIT) on Bursa Malaysia’s Main Market.

Sime Darby is divesting its entire interest in three joint venture companies operating three river ports in Jining in the Shandong Province, China, for a net amount of 293.9 million renminbi (RM181.6mil), to be realised over a period of three years.

Tiong Nam Logistics said there is no material financial and operational impact resulting from the halt in operations of a warehouse in Johor for the purpose of Covid-19 testing of its workers.

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