Trading ideas: HLT Global, Boustead Holdings, Sunway


KUALA LUMPUR: Following related corporate announcements, there could be investor interest in HLT Global, Boustead Holdings, Sunway, Magna Prima, Iskandar Waterfront City, AmFIRST Real Estate Investment Trust, Homeritz Corp, M3 Technologies (Asia) and Artroniq, says JF Apex Research.

HLT Global Bhd is acquiring a 2.55-acre land in Kuala Langat, Selangor for RM16.25mil to boost its glove-dipping production capacity.

Boustead Holdings Bhd is selling a 6.59-acre piece of freehold land on Jalan Cochrane in Kuala Lumpur to Sunway Bhd for RM233.39mil.

Magna Prima Bhd is disposing of a four-storey commercial building in Kuala Lumpur for RM56mil to settle its debts.

Iskandar Waterfront City Bhd (IWCity) announced a share placement which will see businessman Ong Yoong Nyock emerging as a substantial shareholder in the group, AmFIRST Real Estate Investment Trust (AmFIRST REIT) saw its net property income (NPI) for the fourth quarter ended March 31, 2021 declined 33.72% to RM12.55mil.

Homeritz Corp Bhd announced a one-week suspension of operations across all of its factories and administrative office due to Covid-19.

M3 Technologies (Asia) Bhd's shareholders rejected the mobile solutions provider’s proposed private placement at its EGM, and a group of Artroniq Bhd (formerly Plastrade Technology Bhd) shareholders wants to have the company's entire board of directors removed.
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

Ringgit ends lower against greenback as oil prices decline
Axiata declares special dividend of 4c/share from proceeds of Celcom-Digi merger
Pikom names Ong Chin Seong as new chairman
No merger but a separate entity to be formed - Capital A clarifies
Bursa Malaysia ends mixed amid weakness in most regional markets
Scientex Packaging records 1Q net profit of RM12.28mil
K-One made exclusive distributor of Diversey products in Malaysia
SC to bolster defence against cyber attacks
Pos Malaysia appoints Raja Ahmad Hidzir as chief people officer
FBM KLCI to hit 1,560 by year-end on feel-good post-GE15 boost - Rakuten

Others Also Read