Trading ideas: Public Bank, FGV, Gamuda, Inix

KUALA LUMPUR: Public Bank, FGV, Gamuda and Inix are among the stocks to watch on Wednesday following their corporate announcements, JF Apex Research said.

Public Bank proposed a historic four-for-one bonus issue, which is a record for banks in Malaysia as it seeks to reward its shareholders and boost the liquidity of its shares.

The Federal Land Development Authority (Felda) is planning to make a mandatory offer of RM1.30 per share for FGV Holdings.

Inix has signed a memorandum of agreement with World Gloves International Group Sdn Bhd (WGI) to acquire a 51% stake in the latter, as part of its continuous efforts to penetrate into the lucrative rubber glove industry.

G Capital said it has received approval in principle from Cambodia's central bank to set up a full-fledged commercial bank in the country with other partners.

Johan said its board is in the midst of discussion on a potential new business venture involving glove-related products. However, there are no definitive terms and conditions that are firmed and agreed upon by the company at this juncture.

MAHB is extending its customised relief package to all its retailers with up to 30% rental rebates beginning January 2021.

Pestech has bagged a contract worth RM104.23 million in the Philippines for a 138kV transmission line project.

GDEX and Tasco have inked an MoU to enhance logistics delivery services between end consumers in Malaysia with domestic and international destinations.

Gamuda is aiming for new order book of about RM10bil for 2021, involving a combination of international and domestic infrastructure projects.

AirAsia is looking to clinch the final approval for its lending business BigPay by the first quarter of next year.

Serba Dinamik is looking to raise about RM515.35 million from its private placement to repay bank borrowings and to partly finance its projects.

G3 Global has announced a bonus issue of up to 1.86 billion shares, on the basis of three new shares for every one share held.

Hong Seng's unit and RP Integrated Bhd have mutually terminated their medical drugs and vaccines joint venture just two months after signing the deal.
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Bursa Malaysia , FBM KLCI , Public Bank , FGV , Gamuda , Inix


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