Trading ideas: PA Resources, Bintai Kinden, Cypark Resources, Bintai Kinden, Datasonic, Solarvest and CIMB

KUALA LUMPUR: Stocks that could see price movement on Friday include PA Resources, Bintai Kinden, Cypark Resources, Bintai Kinden, Datasonic, Solarvest, CIMB, Time dotCOm, MyNews, Poh Huat, Wong Engineering and Poh Kong, said JF Apex Research.

PA Resources has received a further one-year extension of its agreement to supply raw materials to the First Solar group for the production of photovoltaic modules.

The extended contract is worth about RM550mil, and will be effective until July 1, 2014.

Cypark Resources has bagged an RM74.3mil contract from TTDI KL Metropolis Sdn Bhd to undertake road upgrading and associated works along Jalan Dutamas 2 here.

Bintai Kinden has secured RM57.4 million worth of power substation and power transformer contracts in Pahang and Selangor from Tenaga Nasional Bhd.

Datasonic has received an RM22.5mil contract to design, print, supply and deliver various security documents to the National Registration Department.

Solarvest has been appointed by NEFIN Group as the engineering, procurement, construction, and commissioning solutions provider for a rooftop solar photovoltaic project involving hypermarket chain Lotus's Malaysia.

The total contract price for the project is fixed at RM20.1mil.

Sun Life Financial Inc is nearing an agreement to expand its partnership in Indonesia with CIMB, based on a news report.

Under such an agreement, an insurer typically pays an upfront amount to sell its products in the bank’s branches.

A pact could be valued at about US$400mil (about RM1.69bil).

Time Dotcom is working with financial advisers on a strategic review for Aims Data Centre that may lead to a stake sale, based on a news report.

This could raise about US$500mil to US$600mil for the company.

MyNews’s net loss narrowed to RM7.86mil in its 1QFY22, from RM8.94mil a year ago, on higher revenue achieved, thanks to the increase in number of outlets and footfall upon relaxation of the full lockdown in October 2021.

Poh Huat's net profit for 1QFY22 surged 59.43% yoy, driven by better profit margins; Wong Engineering’s 1QFY22 net profit slumped 87.92% yoy after its construction and property development segment slipped into losses due to lower billings and share of loss from an associate company.

Poh Kong reported a 159% yoy jump in net profit for the second quarter ended Jan 31, 2022 to RM29.35mil, contributed by the uptrend in gold prices.