Trading ideas: Solution, Reservoir Link Energy, Ranhill Utilities


KUALA LUMPUR: Stocks that may see investor interest on Friday include Solution Group, Reservoir Link Energy, Ranhill Utilities, Solarvest, MyEG, Green Packet, GHL System and Seni Jaya and T7 Global, according to JF Apex Research.

Solution Group has signed a term sheet agreement with the government to supply 3.5 million doses of the Recombinant Ad5-nCoV vaccine for Covid-19, jointly developed by China's CanSino Biologics Inc and Beijing Institute of Biotechnology under the Academy of Military Medical Sciences.

Reservoir Link Energy has proposed a bonus issue of up to 71.25 million warrants on the basis of one warrant for every four existing shares, of which the entitlement date and exercise price of the warrants will be determined later.

Ranhill Utilities has been awarded a contract for pipe works in Muar, Johor, worth RM7.54mil.

Solarvest plans to buy power inverters from Huawei Technologies (M) Sdn Bhd and Sungrow Power Supply Co Ltd.

The group today signed a MOU with Huawei and Sungrow for the planned supply of the estimated 100 megawatt inverters to Solarvest.

MyEG said it will introduce an at-home saliva-based Covid-19 testing service in the Philippines this month – the first of its kind in the Philippines market.

Green Packet’s shareholders have approved the acquisition of Singapore-based electronic know-your-customer (e-KYC) firm Xendity Pte Ltd for US$10mil (RM40.59mil).

GHL System said the group is currently investigating e-pay data breach allegations.

Bursa Malaysia Securities has frozen the upper limit of Seni Jaya with effect from Friday after its share price hit limit-up for two consecutive days.

T7 Global said its contract with Petroliam Nasional Bhd to provide splash zone structural repairs and maintenance has been extended by another one year.

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Bursa Malaysia , FBM KLCI , equities

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