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.

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

Next In Business News

US posts weakest growth of pandemic recovery on supply woes
Top Glove cuts targeted Hong Kong listing proceeds again, to US$473mil
Drilling business lifts Icon Offshore Q3 earnings
EP Manufacturing appoints two new directors
UOB Malaysia provides financing to Ericsson Malaysia
Bursa Malaysia ends lower
Warrant of arrest Issued against ex-CEO of Transmile
PMB Investment targets RM10-15mil fund size for Shariah Global Equity Fund by year-end
Shell sets tougher climate targets, Q3 profit below expectations
Bank Pembangunan, MDEC collaborate to catalyse Malaysia's digital economy growth

Others Also Read