Trading ideas: Sime Plantation, Uzma, AME Elite, Stella Holdings


KUALA LUMPUR: Sime Darby Plantation, Uzma, AME Elite Consortium and Stella Holdings are among the stocks which could see trading interest on Thursday following their corporate news, JF Apex Research says.

A news report states the US has banned imports of palm oil from Sime Darby Plantation over allegations of forced labour in the production process, according to the US Customs and Border Protection.

Uzma plans to raise up to RM300mil via a perpetual sukuk musharakah programme for working capital, capital expenditure and to refinance its existing borrowings.

AME Elite targets to generate more than RM1.5bil in gross development value (GDV) through its 169.8-acre land acquisitions in the Southern Industrial and Logistics Clusters (SiLC) in Iskandar Puteri, Johor Bahru. It bought the plots of land from UEM Sunrise for RM434.3mil.

Stella Holdings secured a RM20.97mil contract involving water and electricity infrastructure work in Negeri Sembilan.

Willowglen MSC bagged a RM20.2mil contract from Singapore’s Public Utilities Board to replace and enhance supervisory control and data acquisition system and ancillary works at the Tuas South desalination plant.

As for K-One, it has received theMedical Device Authority of Malaysia’s (MDA) approval to manufacture and supply five additional variants of nasal swabs for use in Covid-19 testing.

STYL Associates PLT has resigned as the auditor of G Capital. The group said it received a notice in writing for the auditor's voluntary resignation, with the latter citing the unavailability of resources to manage the engagement.

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