Trading ideas: Gagasan, Uzma, telcos, HSL, Jaycorp


KUALA LUPUR: Gagasan Nadi Cergas, Uzma, Axiata, DiGi.Com, Maxis, Hock Seng Lee, Datasonic and Jaycorp are among the companies which could see trading interest on Friday following their latest corporate announcements.

Gagasan Nadi Cergas was awarded a RM97.39mil contract from the Public Works Department to build an MRSM campus in Dungun, Terengganu.

Uzma has secured a three-year contract to provide hydraulic workover unit (HWU) services in Thailand's Bualuang field.

Hock Seng Lee bagged a RM130.7mil contract to construct the proposed Leadership Training Institute for the Sarawak Civil Service in Kuching.

Axiata and DiGi.Com through their subsidiaries, and Maxis, have concluded a definitive agreement to jointly develop and share fibre infrastructure. The collaboration, which is effective for 20 years, comes a year after the three telcos signed an MoU to explore leveraging each other's resources to deploy a wider, more efficient fibre network.

Berjaya Corp has joined forces with London-based merchant bank and investment firm New World Capital Advisors Ltd to provide advisory services in Malaysia.

The two groups will set up a new company called New World Capital Advisors Sdn Bhd, with BCorp subscribing for 40% or US$240,000 (RM989,160) of the company’s founding share capital of US$500,000.

Datasonic clarified that it is in no way involved in the corruption charge faced by its deputy managing director Chew Ben Ben in relation to a ship chartering contract.

Chew was alleged to have paid a bribe of RM321,350 last year for a subcontract for ship chartering involving Pristine Offshore Sdn Bhd, where he is a 49% shareholder.

Jaycorp’s net profit in the quarter ended Jan 31,2021 rose 88.04% yoy, largely supported by higher profit from its furniture and carton box manufacturing business.

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