Trading ideas: MI Technovation, T7, Stella, Focus Dynamics, MR DIY


KUALA LUMPUR: JF Apex Research expects MI Technovation Bhd, T7 Global Bhd, Stella Holdings Bhd, Focus Dynamics Group Bhd and Mr DIY Group M Bhd to be among the stocks to watch on Friday.

Mi Technovation has subscribed for a 45 million yuan (RM29.36mil) increase in the capital of Talentek Microelectronics (Hefei) Ltd, as part of its efforts to set its foothold in the semiconductor final test segment in China.

The deal will see Mi Technovation, through its wholly-owned unit Suzhou Mi Equipment Co Ltd (Mi Equipment China), becoming a 22.64% shareholder in Talentek for nine million yuan, whereas another 36 million yuan will be utilised as capital expenditure and working capital.

T7 Global’s 60% unit T7 Kilgour Sdn Bhd has secured multiple purchase orders from overseas manufacturers to provide metal surface treatment services for aerospace parts.

Stella Holdings has secured an RM12.78mil contract to provide operations and maintenance services at the leachate treatment plant in Taman Beringin, Kepong.

The contract, awarded by the National Solid Waste Management Department, is for six years.

Bursa Securities has rejected Focus Dynamics' proposed one-to-three share split, in view of the group's low adjusted share price of 1.5 sen.

The group, which had 6.15 billion issued shares on Dec 29, 2020, proposed in January to split each of its shares into three to improve its trading liquidity.

MR DIY's 2QFY21 net profit was down 34.18% quarter-on-quarter, as total transactions for the home improvement retailer fell 10.4% due to the FMCO imposed in June.

Sentral REIT saw its net property income fall 7.8% year-on-year, on lower revenues generated from its properties.

LPI Capital recorded a higher 2QFY21 net profit of RM83.92mil, up 8.4% year-on-year, mainly contributed by the increase in the gross earned premiums.

The company also declared a first interim dividend of 29 sen per share compared with 28 sen per share in FY20.

Meanwhile, the US market rose overnight ahead of today's labour market report.

Earlier, European stocks also climbed amid corporate earnings and the Bank of England's decision to keep its monetary policy unchanged.

“Following the recent lacklustre performance, the FBM KLCI is expected to remain sideways above the support of 1,475 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

MI Technovation , T7 , Stella , Focus Dynamics , MR DIY

   

Next In Business News

Techna-X to temporarily cease metallurgical coke business
Hong Leong Industries profit jumps in FY21
European shares slide 2% as China Evergrande's troubles cast shadow
MGB lands turnkey project to develop industrial estate in Kertih
After June quarter loss, Dayang expects Covid-19 easing and higher oil prices to lift Q3 results 

KLCI tumbles 20.62 points; over 950 stocks in red
RHB contributes ICU ventilators to two Covid-19 hospitals
AmBank Islamic wins three at Global Banking & Finance Awards 2021
Indonesia clings to coal despite green vision for economy
Oil down on stronger greenback, rising U.S. rig count

Stories You'll Enjoy


Vouchers