Trading ideas: MyEG, Time dotCom, United Malacca, BCorp, FGV, Daya Materials

KUALA LUMPUR: JF Apex Research expects My E.G Services Bhd, TIME Dotcom Bhd, United Malacca Bhd, Complete Logistic Services Bhd, Berjaya Corp Bhd, Daya Materials Bhd and FGV Holdings Bhd to be among the stocks to watch on Wednesday.

MyEG has proposed to undertake a one-for-one bonus issue of up to 4.15 billion new shares.

It has also proposed the diversification to include healthcare-related businesses, namely medical screening services, distribution of vaccines, other pharmaceutical products and medical devices, and the provision of quarantine and quarantine-related services.

Time dotCom has proposed a two-for-one bonus issue of its shares.

Superlon’s net profit for the third quarter ended Jan 31, 2021 leapt 63.2% year-on-year due to higher gross profit margin, lower selling and distribution expenses.

United Malacca's 3QFY21 net profit rose 326.14% year-on-year, as the plantation group enjoyed higher production, higher selling prices and lower costs.

Complete Logistic Services has acquired 18 million shares representing 14.94% stake in Classic Scenic from Lim Ket Leng Holding Sdn Bhd (LKLH) for RM1.63 per share or RM29.34mil cash.

Berjaya Corp has appointed Abdul Jalil Abdul Rasheed as its new chief executive officer. The former CEO of Permodalan Nasional Bhd will take over from Datuk Seri Robin Tan, who was promoted to executive deputy chairman of the conglomerate.

Daya Materials inked a series of agreements as part of its debt restructuring scheme, following the approval in principle from its creditors in July last year.

FGV Holdings said its controlling shareholder, the Federal Land Development Authority (Felda), needs more time to formulate a "firm plan" on the plantation group's listing status, following the unsuccessful attempt to take it private.

Top Glove’s unit Top Glove Sdn Bhd was charged in the Sessions Court with 10 counts of failing to provide workers’ accommodations certified by the Labour Department (JTK) last November.

Pansar has secured a RM485.99mil construction contract for the development of Universiti Malaysia Sarawak's (Unimas) Teaching Hospital in Kota Samarahan.

Meanwhile, the US market ended mixed overnight as investors wait for the outcome of the two-day Federal Reserve policy meeting.

Earlier, European stocks advanced on hopes of economic recovery and progress in vaccination.

“Following the mixed performance in Wall Street, the FBM KLCI could remain sideways above the support of 1,615 points,” JF Apex said.

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MyEG , Time dotCom , United Malacca , BCorp , FGV


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