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.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

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

   

Next In Business News

F&N posts higher sales in Q3, but rising costs dent earnings
Political turmoil weighs on Bursa
As China's recovery wobbles, economists expect more policy easing
Thai c.bank holds key rate at record low amid COVID-19 surge
Sony posts Q1 profit jump on pandemic demand for devices and content
LBS Bina records property sales of RM684m as at end-July
Airline industry statistics confirm 2020 as worst year on record
Merchantrade Asia, NPCI offer real-time remittances to India
DNeX’s SilTerra bags RM1.69b long-term contract from China’s Chipone
Solarvest bags RM66m contract for solar PV plant in Perak

Stories You'll Enjoy


Vouchers