Trading ideas: Sentoria, Lebtech, Country Heights, HLT Global, Uzma, Petra Energy, Poh Huat Resources and Pentamaster

KUALA LUMPUR: Investors could be seeing trading opportunities in Sentoria, Lebtech, Country Heights, HLT Global, Uzma, Petra Energy, Poh Huat Resources and Pentamaster, said Apex Research.

Sentoria Group is selling several plots of land Kuching for RM8.19 million.

Lebtech Bhd has secured a RM29.53 million construction contract for a project in Section U13, Shah Alam, Selangor.

Country Heights Holdings Bhd has failed to complete the acquisition of a 10-storey office tower.

The Heritage Tower @ Mines Wellness City, for RM44.1 million.

HLT Global Bhd is proposing a capital reduction exercise as a set-off against its nearly RM100 million of accumulated losses.

Uzma Bhd is proposing a private placement of up to 10% of its share capital to raise an estimated RM21.79 million to partially fund the group’s development of a 50MW Large Scale Solar 4 project in Sungai Petani, Kedah.

Petra Energy Bhd has received two contracts for the provision of accommodation workboats from Petronas Carigali Sdn Bhd.

Poh Huat Resources Holdings Bhd saw its 1QFY24 net profit drop by 55% to RM6.83 million.

Pentamaster Corp Bhd is withdrawing from subscribing for a 29.9% stake in the enlarged capital of Taiwan-based Everready Precision Industrial Corp (Epic) for RM29.89 million.

Meanwhile, Apex said the FBM KLCI could retrace Friday's gains and decline towards the support of 1,384 points.

The US market plunged on Friday amid ongoing concerns over the banking sector.

Similarly, European stocks tumbled as financial aid for Credit Suisse and First Republic Bank failed to calm investors.

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