Trading ideas: MMHE, Tasco, Luxchem

KUALA LUMPUR: Stocks to watch for on Thursday include MMHE, Tasco, Luxchem, Widad, CIMB and Telekom Malaysia, said JF Apex Research in its daily highlights.

MMHE disclosed that the value for the engineering, procurement, construction, transportation and installation, and hook-up and commissioning services (EPCIC) contract secured from SapuraOMV Upstream (Sarawak) Inc is RM1 bil.

Tasco said its unit is investing in a Sabah-based cold chain logistics company as part of its move to expand its presence in East Malaysia.

The group said its 70%-owned unit, Tasco Yusen Gold Cold Sdn Bhd, is teaming up with Swift Integrated Logistics Sdn Bhd to jointly acquire Hypercold Logistics Sdn Bhd.

The two buyers will pay RM10.55 mil each for the acquisition, said Tasco.

Luxchem's 1QFY21 net profit surged 129% yoy, due mainly to its trading and manufacturing segments.

Widad has secured a contract worth RM89.8mil from the Kedah State government to upgrade the Sungai Limau water treatment plant in Baling.

CIMB’s 94.8%-owned subsidiary CIMB Thai Bank PCL saw its net profit for its 1QFY21 fall by 68.4% yoy due to a jump in credit losses.

Telekom Malaysia is partnering Madrid-headquartered Telefónica Tech to strengthen its digital infrastructure solutions, which would enable TM ONE to offer global cybersecurity solutions for the Malaysian enterprise and public sector.
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Trading ideas , JF Apex Research , MMHE , Tasco , Luxchem


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