Trading ideas: BCorp, Ranhill Utilities, Comintel, Techbond, United Malacca

KUALA LUMPUR: Berjaya Corp Bhd (BCorp), Ranhill Utilities Bhd, Comintel Corp Bhd, Techbond Group Bhd, United Malacca Bhd, G Capital Bhd and Infomina Bhd are among the stocks to watch on Tuesday, according to Apex Securities.

BCorp major shareholder and chairman Tan Sri Vincent Tan Chee Yioun has trimmed his stake at the diversified group, which is in the midst of evaluating a potential acquisition involving a licensed entity governed by Bank Negara Malaysia under the Financial Services Act 2013.

Ranhill Utilities, via its unit Ranhill Water Services Sdn Bhd, has secured a RM38.5mil contract from the Public Works Department.

Minority shareholders of Comintel Corp Bhd have been advised to reject a mandatory takeover offer launched by the company's largest shareholder Datuk Jackson Tan Kak Seng.

Techbond is spending RM57.25mil cash to acquire a company that produces adhesives and its related chemicals under the business empire of tycoon Robert Kuok.

United Malacca's net profit for its second quarter financial year ended Oct 31, 2022 fell 56.5% to RM15.71mil from RM36.1mil.

G Capital’s 96%-owned Gunung Hydropower Sdn Bhd has signed a 21-year renewable energy power purchase agreement with Tenaga Nasional Bhd (TNB).

Infomina’s subsidiary Infomina (Thailand) Co Ltd has received a purchase agreement from Siam Commercial Bank Public Co Ltd (SCB).

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