Trading ideas: Yinson, T7 Global, Green Packet, Samaiden


KUALA LUMPUR: Yinson, T7 GLOBAL, Green Packet and Samaiden are among the stocks which could see trading interest on Friday following their corporate announcements, JF Apex Research said.

Yinson said its floating production storage offloading (FPSO) vessel Lam Son has secured another extension for the charter offshore Vietnam for an estimated US$18.1mil (RM75.17mil).

T7 Global is teaming up with Singapore-based Siemens Logistics Pte Ltd to collaborate for business opportunities in Malaysia, especially the growing logistics sector.

Green Packet has called off its proposed three-for-five rights issue to raise RM328.37mil, citing prevailing market conditions and its volatile share price since the proposal was announced.

In a separate filing, the group proposed a private placement of not more than 20% of its issued share capital to raise between RM30.45mil and RM48.96mil, at an indicative price of 23.4 sen per share.

Power Root said it has temporarily halted operations at its plant in Johor to sanitise the factory sanitisation to prevent the spread of Covid-19. The move is expected to result in the deferment of shipment to its export customers.

Samaiden has accepted a contract for a proposed 10MWac solar power plant in Penang for a contract price of RM46.4mil.

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Yinson , T7 Global , Green Packet , Samaiden

   

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