Trading ideas: ATA IMS, AME Elite, Fitters Diversified, BCorp

KUALA LUMPUR: ATA IMS Bhd, AME Elite Consortium Bhd, Fitters Diversified Bhd and Berjaya Corp Bhd are among the stocks to watch on Friday, according to JF Apex Research.

ATA IMS confirmed that it had received notices of termination from Dyson Operations and Dyson Manufacturing on Wednesday, while the effective date of termination is June 1, 2022.

Until the termination date, Dyson and ATA shall continue to fully perform their respective obligations under the contracts. Dyson contributes 80% to the EMS player’s revenue.

AME Elite Consortium is planning to list RM557mil worth of industrial and industrial-related real estate assets via its upcoming real estate investment trust, AME REIT.

Fitters Diversified’s major shareholder Datin Goh Hooi Yin, who is also the managing director, sold her entire stake in the company that was founded by her late husband Datuk Wong Swee Yee.

BCorp has divested its 30% stake in Razer Fintech Holdings Pte Ltd (Razer Fintech) to Razer Midas Pte Ltd for a cash consideration of US$53.57mil (about RM223.89mil).

Meanwhile, the group announced that it has also divested its 70% stake in Berjaya China Motor Sdn Bhd (Berjaya China Motor) for a cash consideration of approximately RM13.28mil and disposed of its printing business, Graphic Press Group Sdn Bhd for approximately RM26.1mil.

MSM, Dutch Lady, Genting Malaysia, UEM Edgenta, KPS chalked up better year-on-year quarterly earnings while Maybank, Sunway, Genting Bhd, 7-Eleven, Tambun Indah, Matrix Concepts, TM, Boilermech, HIL Industries, Litrak, AwanBiru, Magnum, WCT recorded weaker year-on-year quarterly results.

The US market was closed for Thanksgiving holiday. Meanwhile, European stocks advanced amid political developments in Germany and Sweden and rising Covid-19 infections.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 0
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Next In Business News

Sony Q3 profit down 7.8%, but beats analysts' estimates
Adani group's market losses hit US$100bil as stocks sink after botched share sale
DNeX secures maintenance job for IRB tax system
Oil climbs as dollar slumps, Opec+ keeps output cut policy
Kerjaya Prospek subsidiary bags RM135.41mil design-and-build job
Tech counters surge on Bursa
Oppstar signs IPO underwriting deal with Affin Hwang Investment Bank
Ringgit stronger after smaller US rate hike
Pavilion REIT to see further footfall recovery on China reopening
Bursa jumps as Fed's optimistic remarks send global equities higher

Others Also Read