Trading ideas: Central Global, Dynaciate Group, Transocean Holdings

KUALA LUMPUR: Stocks with corporate announcements that may see investor interest include Central Global, Dynaciate Group, Transocean Holdings, Tropicana, Top Glove, Berjaya Corp, Berjaya Land, Magna Prima, MAHB, CMMT, according to JF Apex Research.

Central Global said its unit has secured a contract worth RM100.54mil to upgrade the water supply system in Lahad Datu, Sabah, known as 'Projek Menaiktaraf Sistem Bekalan Air Di Lahad Datu Fasa 1'.

Dynaciate Group plans to venture into industrial and commercial warehousing.

Transocean Holdings is proposing a second share placement one day after the first proposed share placement.

Transocean said the second proposed share placement of up to 10% of the existing issued shares of the company.

Tropicana sold 1.85 million shares or about 0.02% in Top Glove Corp Bhd at a loss.

Top Glove is currently in the third stage of the US Customs and Border Protection (US CBP) Withhold Release Order (WRO) modification process.

Managing director Datuk Lee Kim Meow said the company has remediated the remaining five forced labour indicators, pending verification by UK based ethical trade consultant firm, Impactt.

Berjaya Corp’s boss Tan Sri Vincent Tan has continued to trim his stake in Berjaya Land.

Magna Prima’s independent auditor has raised a material uncertainty related to the property developer’s ability to continue as a going concern.

MAHB’s network of airports registered 5.9 million passenger movements in its1Q21, down 76.8% from the same period last year, due to the re-imposition of the Movement Control Order (MCO) effective Jan 13 in Malaysia.

CMMT saw its net property income (NPI) for its 1QFY21 drop 26.79% qoq. The company said its gross revenue came in 15.36% lower against 4QFY20, mainly due to lower gross rental income.
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