Trading ideas: Ekovest, UEM Sunrise, Sarawak Oil Palms, IHH, Iris, DPIH

KUALA LUMPUR: Stocks to watch today include Ekovest Bhd, Sarawak Oil Palms Bhd, IHH Healthcare Bhd, Iris Corp Bhd and DPI Holdings Bhd, according to JF Apex Research.

Ekovest has aborted plans to purchase the 96.27 acres of freehold land in Pulai, Johor for RM944.62mil from Iskandar Waterfront Holdings Sdn Bhd (IWH) for the second time.

The group cited the rising Covid-19 cases and nationwide lockdown as justification for the decision.

UEM Sunrise announced that it had acquired 6.86 acres of prime freehold land in Cheras, Kuala Lumpur for RM197mil.

Sarawak Oil Palms is acquiring four parcels of land from Shin Yang Construction Sdn Bhd for RM14mil to expand its landbank.

Ministry of Health (MoH)-backed ProtectHealth Corp Sdn Bhd has appointed IHH Healthcare to provide Covid-19 vaccination to the public at the Setia City Convention Centre in Shah Alam, Selangor.

Iris Corp announced that it has entered a contract extension with the Republic of Senegal’s Ministry of Interior (MOI) for the supply and production of three million new biometric smart national identity cards and voter cards.

DPI Holdings has proposed to undertake a bonus issue of new shares on the basis of one bonus share for every two existing DPI shares.

Heineken Malaysia said it has temporarily suspended operations of its Sungei Way brewery along Jalan Klang Lama in Selangor in line with the government’s total lockdown from Tuesday till June 14 to curb the sharp rise in Covid-19 infections in the country.

Meanwhile, the US market ended mixed overnight with the Dow and S&P slipping while the Nasdaq rose as investors monitor the inflation situation.

Earlier, European stocks ended higher after the G7 nations agreed on a global tax reform for large corporations to pay 15% tax.

“Following the recent flattish trend, the FBM KLCI could continue to hover sideways above the support of 1,550 points,” JF Apex said.

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Ekovest , UEM Sunrise , Sarawak Oil Palms , IHH , Iris , DPIH


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