Trading ideas: MCE, Berjaya Corp, Ta Win


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.
Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3

MCE , Berjaya Corp , Ta Win

   

Next In Business News

Tenaga, plantations power KLCI sharply higher
Malaysia maintains CPO export tax at 8% for July
FDI slips to lowest since 2009 due to pandemic
Vehicle sales in May doubled on-year but minimal sales seen in June
Malaysia's Carsome weighs US listing with SPAC as option
Pound tumbles as virus resurgence clouds hope for UK recovery
China advises US on inflation: Remove punitive tariffs
Crude oil extends slump as traders weigh dollar against demand
National Budget Office: Safer to open economy in stages
MIDF Amanah AM launches ESG Mustadamah fund

Stories You'll Enjoy


Vouchers