Trading ideas: Sime Darby, Sapura Energy, Top Glove


KUALA LUMPUR: Stocks with news flow that might see trading interest on Wednesday include Sime Darby, Kumpulan Perangsang Selangor, Sapura Energy, Top Glove, TH PLantations, Gamuda, LB Aluminium, Widad, Ta Win and Mihubbah Engineering, said JF Apex Research.

Sime Darby is considering several options for the proceeds from the sale of its remaining 10.89% stake in Eastern & Oriental Bhd, including a special dividend to its shareholders.

Kumpulan Perangsang Selangor said it has approved a dividend policy under which the company intends to pay at least 30% of its normalised profit after taxation and minority interest annually.

Sapura Energy's wholly-owned unit Sapura TMC Sdn Bhd has executed multi-currency financing facilities to raise over RM10.3bil.

Top Glove said it is unable to, at this juncture, ascertain the quantum of the financial and operational impacts arising from the US Customs and Border Protection's (CBP) directive to its personnel at all US ports of entry to begin seizing disposable gloves produced in Malaysia by Top Glove over forced labour allegations.

TH Plantations is facing a lawsuit over its decision not to proceed with its proposed disposal of two plantation units to Sabah-based private firm Tamaco Plantation Sdn Bhd for RM170mil.

Gamuda posted a 30% yoy decline in its 2QFY22 net profit, no thanks to the "Covid-19 effect".

LB Aluminium's 3QFY21 net profit surged to RM14.88 million, more than triple of RM4.27mil posted a year ago due mainly to the increase in sales volume and better margins from the aluminium segment, coupled with higher share of profit contribution from the associate.

Widad will collaborate with Bin Zayed International LLC (BZI) to jointly undertake a RM40bil mixed development known as Widad@Langkasuka in Langkawi.

Ta Win is embarking into the global electric vehicle (EV) market following the appointment of its subsidiary as a vendor in the global automotive supply chain by a New York Stock Exchange-listed company.

Muhibbah Engineering saw its net loss widen to RM60.47 million in its 4QFY20 against RM58.41 million a year ago as hit by lower top line and impairment.
Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
   

Next In Business News

Bank Negara maintains OPR at 1.75%
Malaysia Airlines offers training opportunity in aviation industry
Singapore Press to spin off media Into non-profit entity
March manufacturing sales at 44-month high of RM126.9b
Hong Seng partners Pow Pocket for Johor immigration registration platform
MISC posts RM429.8m net profit in 1Q, div 7c
FBM KLCI extends decline for fifth day, gloves slide
March industrial output surges 9.3% on-year, highest since mid-2013
Asia shares, commodities firm on recovery bets; A$ hit by China move
HSBC Malaysia launches mobile app EZInvest

Stories You'll Enjoy


Vouchers