Trading ideas: Sedania, IOI Properties Rhone Ma, Vizione, SCIB

KUALA LUMPUR: Stocks to watch on Thursday include Sedania Innovator Bhd, IOI Properties Group Bhd, Rhone Ma Holdings Bhd, Vizione Holdings Bhd and Sarawak Consolidated Industries Bhd (SCIB), according to JF Apex Research.

Sedania Innovator said its 51%-owned health tech subsidiary Offspring Inc Sdn Bhd is expanding into the Middle East, starting with Bahrain.

IOI Properties' wholly-owned subsidiary Boulevard View Pte Ltd has submitted a S$1.508bil (RM4.68bil) bid to buy an estimated 0.78ha (7,817.6 square metres) leasehold land known as the White site in Singapore's Marina View enclave under the country's Urban Redevelopment Authority's invitation to tender, which saw Boulevard View become the sole bidder.

Rhone Ma, via its subsidiary A2 Fresh Sdn Bhd, has entered into a joint venture agreement with Kulim (Malaysia) Bhd to develop, operate and manage a potential dairy project.

TAFI, the furniture maker which has diversified into property development, has entered into five joint-venture agreements to develop mixed housing projects in Pahang with an estimated total gross development value of RM621.5mil.

Vizione has entered into an agreement to develop 2,500 affordable apartment units with related infrastructure in Putrajaya.

SCIB has been awarded a RM137mil contract to build housing for civil servants.

Heitech Padu has bagged a RM36.25mil contract to provide maintenance and technical support for ICT infrastructure and mySIKAP system at all Road Transport Department offices.

LFE Corporation has proposed to diversify into property development by entering into a joint venture (JV) with Aziho Trading Sdn Bhd to develop a housing project in Kuala Muda, Kedah.

Meanwhile, the US market rallied overnight as the Federal Reserve kept interest rates unchanged and indicated no intention to taper its bond buying programme.

Earlier, European stocks rose sharply after easing concerns of China Evergrande.

“Following the recent decline, the FBM KLCI could remain sideways and consolidate above the support of 1,500 points,” JF Apex said.

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Sedania , IOI Properties Rhone Ma , Vizione , SCIB


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