Trading ideas: Nestcon, AE Multi, MAG, Aeon Credit


KUALA LUMPUR: Companies which could see trading interest on Thursday after their corporate news include Nestcon, AE Multi, MAG Holdings and Aeon Credit, according to JF Apex Research.

Nestcon secured a RM230mil contract to build serviced apartments in Sungai Buloh, Selangor.

AE Multi bagged a RM65.18mil contract from Green Ocean to design, install and commission eight double former dipping lines for rubber glove production.

MAG Holdings sold a 20.91% stake of its 40.77% shareholding in associate Henan XingHe Oil and Fat Company Ltd (HXOF) for RM37.8mil to reduce its losses from the investment.

Kronologi Asia is still looking for merger and acquisition plans to bring it up to the next level of growth.

BHIC has received a one-year contract extension from the Ministry of Home Affairs effective July 1, 2021, with the revised value of RM95.98mil.

AEON Credit and its parent company AEON Financial Service Co Ltd have submitted a joint application to Bank Negara Malaysia for a digital bank licence.

A consortium comprising Paramount Corp, Star Media Group, RCE Capital, Prosper Palm Oil Mill Sdn Bhd and a technology partner also has submitted an application to Bank Negara Malaysia for a digital banking licence.

Cypark Resources’ 2Q net profit slid 2.55% yoy, as a slowdown in its construction and engineering division more than offset the additional work progress recognised from its waste-to-energy projects.

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