Trading ideas: Sapura Energy, BAT, Texchem, Yi-Lai, Permaju


KUALA LUMPUR: Sapura Energy, BAT, Texchem Resources, Yi-Lai and Permaju Industries are among the stocks which could see trading interest on Thursday, JF Apex Research said.

Sapura Energy said that its units and joint venture company secured RM1.85bil worth of contracts and contract extensions, comprising engineering and construction, and drilling works in Saudi Arabia, Thailand, Brunei and Malaysia.

As for BAT, its 4QFY20 net profit fell 25.5% on-year as it recorded lower revenue and higher operating expenses, while cost of sales grew.

Texchem warned its operations in Myanmar may be disrupted by the volatile political situation there.

KAB proposed to undertake a share split of every 10 existing shares into 18 split shares, followed by a one-for-two bonus issue of warrants.

Yi-Lai proposed a bonus issue of 97.05 million shares on the basis of two bonus shares for every three existing shares held, and a name change to YB Ventures Bhd.

Permaju Industries decided to acquire 30% equity interest in Hardie Development Sdn Bhd representing for RM21.8mil.

Hardie is a property developer which is developing the Princess Heights Project in Sabah.

The group also proposed to place out up to 30% of its issued shares to third-party investors to be identified later.

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