Trading ideas: SAM Engineering, KNM, TSH Resources, MPHB, Dialog, Senheng, D&O

KUALA LUMPUR: Stocks to watch today include Sam Engineering & Equipment (M) Bhd, KNM Group Bhd, TSH Resources Bhd, MPHB Capital Bhd, Dialog Group Bhd and Senheng New Retail Bhd, according to Apex Securities.

The research house also expects Bina Darulaman Bhd, Bumi Armada Bhd, D&O Green Technologies Bhd and NTPM Holdings Bhd to see trading interests today.

SAM Engineering is acquiring aircraft structure parts and precision engineering components manufacturer Aviatron (M) Sdn Bhd for US$43.4mil cash.

KNM will hold a court-convened creditors meeting in relation to its proposed scheme of arrangement (SOA) on Oct 12, days prior to an extraordinary general meeting (EGM) to decide on the fate of its board,

FM Global Logistics, a logistics solutions provider, has acquired Singapore-based CAC Logistics Services Pte Ltd for RM18.86mil cash.

TSH Resources will be admitted to the official list of the Singapore Exchange Securities Trading Limited (SGX-ST) on Sept 26, under the stock code “TSH”.

Ernst and Young PLT (EY) has resigned as auditors for MPHB and its subsidiaries after being appointed as the group’s auditor since its incorporation in 2012.

Dialog, via its wholly owned indirect subsidiary Dialog Malic Sdn Bhd, will build, own and operate a RM374.8mil speciality chemical plant producing malic acid in Gebeng, Kuantan, Pahang.

Senheng New Retail Bhd is acquiring its currently leased central distribution centre (CDC) for a purchase consideration of RM75.8mil to strengthen the group’s supply chain.

The Kedah government’s investment holding company Bina Darulaman Bhd (BDB), via its newly set up renewable energy unit BDB Energy Sdn Bhd.

Bumi Armada Bhd's wholly-owned Armada Akia BV has signed a production sharing contract (PSC) with the Ministry of Energy and Mineral Resources of Indonesia for exploration in the Tarakan Basin of the North Kalimantan province of Indonesia (Akia PSC),

The Employees Provident Fund has emerged as a substantial shareholder of automotive light emitting diode (LED) maker D&O Green Technologies Bhd, with a 5.06% stake,

Paper products manufacturer NTPM Holdings Bhd reported an 84.7% decline in net profit for its first quarter ended July 31, 2023 (1QFY2024) to RM165,000.

Overnight, the U.S. stock market staged a mild rebound to snap a 4-day losing streak with investors keeping a close tab onto the budget resolution in Washington. European stocks were mostly negative on concerns that interest rates may stay elevated for a longer period.

The Dow Jones Industrial Average rose 0.13% to 34,006.88. The S&P 500 rose 0.4% to 4,337.44. The Nasdaq Composite climbed 0.45% to 13,271.32.

Apex said the the FBM KLCI broke down from the possible bullish ascending triangle pattern and rest above the 200-day moving average yesterday.

“Going forward, the KLCI could move further to test the resistance of 1,481 points, if the index maintains above the support of 1,433 points,” it added.

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SAM Engineering , KNM , TSH Resources , MPHB , Dialog , Senheng , D&O


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