Trading ideas: AT Systematization, Eonmetall, Kpower, Cymao, Euro

KUALA LUMPUR: AT Systematization Bhd, Eonmetall Group Bhd, Kpower Bhd, Cymao Holdings Bhd, Euro Holdings Bhd, Minho (M) Bhd and ATA IMS Bhd are among the stocks to watch on Wednesday, according to JF Apex Research.

AT Systematization is suing the shareholders of Pearl Glove (Malaysia) Sdn Bhd to recover RM4.4mil, after abandoning its planned purchase of the glove maker.

AT Systematization said AT Glove had signed an agreement dated June 26, 2020, with the shareholders to purchase their shares in Pearl Glove for RM3.44mil.

A deposit of RM687,800 was initially paid to the shareholders; Ecobuilt has secured a RM72.32mil contract to undertake the construction of a retail and commercial suites project in Kota Kinabalu, Sabah.

Eonmetall plans to dispose of a parcel of land in mainland Penang with a building erected on it for RM58.8mil. The group said it expects to incur a gain of RM4.34mil.

KPower inked an agreement to supply polymerase chain reaction (PCR) tests for Covid-19 in Indonesia for a minimum contract price of US$6mil (RM24.05mil).

The group also said it would be acquiring a 70% stake in Granulab (M) Sdn Bhd for RM1mil from Sirim Bhd’s wholly-owned subsidiary Sirim Tech Venture Sdn Bhd.

Granulab is a medical device manufacturing company for gradual synthetic bones graft “Granumas”.

Cymao, whose shares jumped 28% yesterday, has received an unusual market activity (UMA) query from Bursa Malaysia.

Euro Holdings, whose share price surged to an all-time high of RM3.84 at the midday break yesterday, triggering an unusual market activity (UMA) query from Bursa Malaysia.

Minho said its paper manufacturing subsidiary temporarily halted operations for four days, after 21 workers at its premises tested positive for Covid-19 on Dec 31, 2020.

ATA IMS has temporarily shut down operations of all its factories in Johor, due to a high daily number of Covid-19 infections.

Kimlun plans to buy an 11.12-acre freehold commercial land in Bandar Seri Alam, Johor Baru for RM40.5mil.

Meanwhile, US markets rose overnight and ended slightly higher as investors waited for results from Georgia's runoff elections.

Earlier, European stocks ended lower amid concerns over the spreading of coronavirus.

“Following the mixed performances in the US and Europe, the FBM KLCI could remain sideways above the support of 1,590 points,” JF Apex said.

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AT Systematization , Eonmetall , Kpower


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