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.
Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Next In Business News

Kenanga Research urges investors to seek refuge in domestically-driven sectors
Perodua surpasses 250,000-unit mark, beats 2022 sales target
Asian shares tentative ahead of U.S. payrolls data, dollar nurses losses
U.S. Fed policy now more hawkish than policy rules suggest is needed
Ringgit opens higher vs US dollar for third day running
Quick take: Ranhill slips despite RM50mil contract win
FBM KLCI slips in early trade on profit taking
Trading ideas: AMMB, QL Resources, KNM, Sime Darby Plantation, Ireka, KPS, Ranhill Utilities
US economy grew slightly, inflation and rates cloud outlook
Wall St preps for year-end stock rally

Others Also Read