Trading ideas: Deleum, Subur Tiasa, E&O


KUALA LUMPUR: Stocks that are expected to attract investor attention on Monday include Deleum, Subur Tiasa, E&O and Kerjaya Prospek, among others, said JF Apex Research.

In a report, the research house hihglighted that these counters may see prie action following corporate announcements.

Deleum said Petronas has suspended its 60%-owned subsidiary, Deleum Primera Sdn Bhd, from participating in the national oil company's tenders and contracts until further notice.

Subur Tiasa’s 2QFY21 net profit rose 65.7% yoy, on higher crude palm oil (CPO) prices.

E&O said it received notice of a manadatory general offer from Amazing Parade — the private vehicle of the Tee brothers, who control construction firm Kerjaya Prospek.

This comes after Amazing Parade bought a 10.89% stake in E&O from Sime Darby.

Velesto Energy has secured a US$8 million (RM33.17mil) contract from ConocoPhilips Sarawak Ltd and ConocoPhilips Sarawak Oil Ltd for the provision of jack-up drilling services.

Cypark's wholly-owned unit has been granted a 1.100 MW biogas quota at a palm oil mill in Johor.

Malton has signed a memorandum of understanding with Ho Wah Genting to potentially acquire a 14% stake in its wholly-owned electric vehicle (EV) unit HWGB EV Sdn Bhd.

Kimlun's 4QFY20 net profit plunged 71.39% yoy, due to lower contributions from its construction, property and investment divisions.

Hai-O's 3QFY21net profit grew 35.32% yoy, thanks to better contributions from its multilevel marketing and wholesale divisions.

Reach Energy posted a lower net profit of RM64.47 million in its 4QFY20 against RM92.55 million in a year ago no thanks to weaker production.
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