Trading ideas: Sime Plantation, Iris, MFM, Opcom, Puncak Niaga

KUALA LUMPUR: Sime Darby Plantation, Iris Corporation, Malayan Flour Mills, Puncak Niaga and TDM are among the stocks which could see trading interest on Monday, according to TA Securities Research.

Sime Plantation says there has been no systemic issues in its operations based on the company’s recent internal assessments conducted on its entire operations in Malaysia, quashing the forced labour allegations in its production process.

As for Iris Corporation, it is in talks with banks to raise funds for its RM1.2bn project to upgrade the country’s immigration system known as the National Integrated Immigration System.

US-based Tyson Foods, which is one of the world’s largest food production companies, is buying a 49% stake in Malaysian Flour Mill’s unit, Dindings Supreme Sdn Bhd for RM420mil.

Datuk Seri Mukhriz Mahathir and his wife Datin Norzieta Zakaria have ceased to be substantial shareholders in Opcom Holdings Bhd after they sold 24.6 million shares and 18 million shares respectively in the company.

The Court of Appeal has allowed Puncak Niaga Holdings Bhd's appeal to reinstate its RM14bil case against former Selangor Menteri Besar Tan Sri Abdul Khalid Ibrahim and the Selangor Government.

TDM Bhd’s chief financial officer Amir Mohd Hafiz Amir Khalid has tendered his resignation, effective Feb 28 to pursue other career opportunities.

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