Trading ideas: MGB, Comintel, Paramount

KUALA LUMPUR: Stocks that saw recent news flow and could be the target of investor trading on Tuesday include MGB, Comintel, Paramount, UCrest, BSL, Hubline, Foundpac and Teladan Setia, said JF Apex Research.

In its daily highlights report, the brokerage noted the following corporate developments.

MGB has received a contract for a housing development in Dengkil worth RM112.5mil from a unit of its major shareholder LBS Bina Group Bhd.

Comintel said its unit has secured a subcontract for earthwork and rock hacking works in Damansara Perdana worth RM7.2mil.

Paramount intends to hold up to a 30% stake in the consortium that is bidding for one of five digital banking licences which Bank Negara Malaysia will be granting next year.

UCrest has entered into a one-year master service agreement with Russian Direct Investment Fund (RDIF) for the production of Sputnik V Covid-19 vaccine.

BSL has signed a memorandum of understanding to acquire Singapore-based SD Unify Pte Ltd as part of its effort to increase its exposure in the semiconductor sector.

Hubline has secured a RM25.67mil contract from the Election Commission to provide helicopter and fixed wing rental services for the Sarawak state election.

FoundPac has inked a conditional share sale agreement to acquire a 70% stake in SDKM Technologies Sdn Bhd for a cash consideration of RM8.4mil.

Teladan Setia is acquiring five parcels of leasehold land in Jasin, Melaka measuring a combined 136.92ha for RM117.9mil, cash.
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Trading ideas , MGB , Comintel , Paramount


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