Trading ideas: Serba Dinamik, Media Prima, UEM Sunrise, GUH, MAG

KUALA LUMPUR: Stocks to watch on Monday include Serba Dinamik Holdings Bhd, Media Prima Bhd, UEM Sunrise Bhd, GUH Holdings Bhd and Mag Holdings Bhd, according to JF Apex Research.

Serba Dinamik has formally appointed Ernst & Young Consulting Sdn Bhd as the special independent reviewer to assist the board in undertaking the special independent review on the issues raised by its former external auditor KPMG PLT.

Media Prima is paying RM156.4mil to buy back Balai Berita Bangsar, one of two properties it sold to Permodalan Nasional Bhd (PNB) for RM280mil in 2018.

UEM Sunrise has sold three parcels of freehold agriculture land in Mersing, Johor to Lagenda Properties for RM45.1mil, translating to RM2.40 per sq ft for the plots measuring 431.1 acres.

GUH Holdings and fellow shareholders of Straits International Education Group Sdn Bhd are disposing of their stakes in the education group to Tenby Educare Sdn Bhd for RM52.5mil.

Shareholders of MAG Holdings have approved the acquisition of a 100% equity interest in North Cube Sdn Bhd for RM200mil at the extraordinary general meeting.

China Automobile Parts is making another attempt at regularising its Practice Note 17 condition by inking a Memorandum of Understanding with several vendors for the acquisition of Singapore-based Tenda Construction Equipment Pte Ltd and Tenda Equipment & Services Pte Ltd.

Following the recent lacklustre performance, JF Apex said the FBM KLCI is expected to remain sluggish with support at 1,530 points.

“After the selldown in March 2020, the FBM KLCI hit the lowest since May 2010 but staged a sharp rebound to almost 1,700 points in December.

“Since January, the index has been trending sideways but last month’s decline broke the support of 1,550 points,” it 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

Serba Dinamik , Media Prima , UEM Sunrise , GUH , MAG


Next In Business News

KPMG to pay RM333mil to M’sian govt as 1MDB settlement, says Finance Ministry
China stocks down over 1% on Evergrande fallout fears
Tobacco firm Philip Morris seals deal for UK's Vectura with 75% support
Asian shares fall on Chinese developers' woes
Japan cuts economic view on weaker production, spending due to Covid revival
HK stocks drop 2% to 2021 low on Evergrande contagion fears
Indonesia's Telkom to pursue IPO of unit in Q4, plans spinoffs
Malaysia's Kimanis oil exports to fall on issue at Shell field
Oil prices extend gains after draw in U.S. stocks
Asian shares fall again, dollar drifts

Stories You'll Enjoy