Trading ideas: Inta Bina, M3 Technologies, AT Systemization

KUALA LUMPUR: Stocks in focus on Wednesday include Inta Bina, M3 Technologies, AT Systemization, GHL Systems, Yinson, Bina Pury, Genting, Kossan, KIP REIT, Ajiya and HIL Industries.

JF Apex Research highlighted that these companies have made corporate announcements that might attract investor interest.

Inta Bina has bagged a RM106mil contract for the construction of serviced apartments in Klang.

M3 Technologies’ memorandum of collaboration with AT Systematization to provide digital signage hardware and software enhancements for large scale Covid-19 disinfection chambers, has fallen through.

GHL Systems has enabled GrabPay e-wallet acceptance at Shell petrol stations nationwide in Malaysia;

Yinson has launched its green technologies division, marking its foray into the technology sectors that drive the global transition to a net carbon-zero future.

Bina Puri said its 20% joint venture company has bagged a contract worth 5.2 billion Nepali rupee (RM183mil) for a new construction project in Nepal.

Genting Bhd-owned Resorts World Las Vegas in the US will officially open its doors on June 24, 2021.

Kossan reported a record high net profit of RM1.04 billion for its 1QFY21.

The glovemaker will pay out roughly one-third of its quarterly net profit as interim dividend.

Earnings per share ballooned to 40.76 sen compared with 2.53 sen for 1QFY20, while revenue for the quarter soared more than three times to RM2.19bil from RM611.47mil a year ago.

KIP REIT’s net property income for its 3QFY21 fell 5.9% yoy, on the back of lower revenue.

Ajiya's 1QFY21 net profit more than doubled to RM6.48mil from RM3.11mil a year ago, thanks to lower operating costs.

HIL Industries has entered into four conditional joint venture agreements to undertake residential development on five parcels of land in Sungai Buloh, Klang and Jugra in Selangor.

The company said the JVAs were entered with Unik Sejati Sdn Bhd, Pembinaan Kesentosaan Sdn Bhd and Amverton Carey Golf & Island Resort Sdn Bhd, involving a total of 41.60 hectares.
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