Trading ideas: Opcom, Maybank, Greatech Technology, MISC, Luster Industries, Aimflex, AirAsia and YB Ventures

KUALA LUMPUR: Stocks with recent corporate news flow that could see investor interest on Tuesday include Opcom, Maybank, Greatech Technology, MISC, Luster Industries, Aimflex, AirAsia and YB Ventures, says JF Apex Research.

Opcom’s subsidiary Opcom Cables Sdn Bhd has secured an award worth RM26.51mil from Telekom Malaysia Bhd to supply fibre optic cables for the telco from Dec 23, 2021, until Dec 31, 2023.

Maybank has dismissed allegations that it will face major financial trouble on exposure to Genting Hong Kong Ltd as "baseless".

Greatech Technology has secured new orders for production line systems worth RM160mil, mainly from a “customer” from the solar industry.

Haily Group has won a RM41.28mil contract to build resort villas in Iskandar Puteri, Johor.

Malaysian Deepwater Floating Terminal (Kikeh) Ltd (MDFT), a joint venture (JV) company between MISC and SBM Holdings Inc SA, has secured an extension for floating production storage and offloading (FPSO) Kikeh charter contract.

Luster Industries is acquiring 100 million shares representing an 8.169% stake in ACE Market-listed Aimflex for a total consideration of RM22 million or 22 sen per share.

Raya Airways Sdn Bhd denies that AirAsia has approached its shareholder Datuk Ishak Ismail wanting to take over the air cargo carrier.

YB Ventures has proposed to give out 749.32 million free warrants on the basis of one warrant for every two existing shares held by the entitled shareholders on an entitlement date to be determined and announced later.
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