KUALA LUMPUR: Stocks that may receive investor attention on Thursday following recent corporate announcements include MCE, Berjaya Corp
, Ta Win, LBS Bina, Cypark, Widad, Paragon Glove, Dancomech
, Sunway and Brahim, said JP Apex Research. MCE said its wholly-owned subsidiary Multi-Code Electronics Industries (M) Bhd has secured contracts to supply various mechanical parts for new Toyota car models. Berjaya Corp’s CEO Abdul Jalil Abdul Rasheed has bought an additional 66 million shares, raising his stake in the loss-making diversified group to 2.71% or 136 million shares. Ta Win has ventured into the global electric vehicle market, following the appointment of its subsidiary Cyprium Wire Technology Sdn Bhd (CWT) as a global vendor in international technology and mobility company Aptiv plc’s global automotive supply chain. LBS Bina said it has inked a Joint-Venture Agreement (JVA) with the Cameron Highlands District Council for a mixed development project with a gross development value (GDV) of RM1.5bil in Tanah Rata, Cameron Highlands. Cypark’s net profit rose 2.98% to RM14.98 million for the first quarter ended Jan 31, 2021 from RM14.55mil a year ago, on the back of interest cost savings and lower staff expenses. Widad saw a smaller quarterly loss of RM488,000 or 0.02 sen per share for the fourth quarter ended Dec 31, 2020 from RM6.12mil or 0.25 sen per share a year earlier, supported by a swing to tax gains. This was despite revenue falling 65.22% to RM23.94 million from RM68.84 million previously, due to lower recognition of revenue for the existing project under the construction segment, while contribution from its integrated facilities management rose. Paragon Globe, whose share price hit limit up today, has received an unusual market activity (UMA) query from Bursa Malaysia over the sharp rise in the company’s share price. Dancomech has revised its dividend policy to reflect a payout ratio of up to 40% of its annual consolidated profit attributed to shareholders, from up to 30% previously. Sunway’s net profit rose 5% to RM193.07mil in the fourth quarter ended Dec 31, 2020, from RM183.47 million a year earlier, thanks to the recognition of a balance of development profits of RM182.5mil. Brahim’s net loss widened 771% to RM120.53mil in the fourth quarter ended Dec 31, 2020 from RM13.84mil a year earlier, due to the impairment of goodwill exercise.