Trading ideas: Bina Puri, Sarawak Cable, PTT Synergy, LKL International, Digistar, Focus Lumber, Itmax, Kerjaya Prospek, Perak Transit, Time dotCom and Sapura Energy

KUALA LUMPUR: Investors could be seeing trading opportunities in companies with recent corporate announcements including Bina Puri, Sarawak Cable, PTT Synergy, LKL International, Digistar, Focus Lumber, Itmax, Kerjaya Prospek, Perak Transit, Time dotCom and Sapura Energy, said Apex Research.

Bina Puri Holdings Bhd announced that its wholly owned subsidiary Bina Puri Sdn Bhd (BPSB) has been served with a winding-up petition from the lawyers of Thai Soon Hang (Sabah) Sdn Bhd at the High Court of Sabah and Sarawak, due to a default payment amounting to RM198,116.60.

Sarawak Cable Bhd faces a similar situation, with subsidiaries Leader Cable Industry Bhd and Universal Cable (M) Bhd receiving winding-up petitions served by OCBC Bank (M) Bhd on Oct 9.

PTT Synergy Group Bhd has entered into a sale and purchase agreement (SPA) to acquire two parcels of freehold development land for RM70.56 million via indirect wholly-owned subsidiary Projek Tetap Teguh Sdn Bhd (Projek TT) on Tuesday.

LKL International Bhd, whose share price has halved since the start of the year, is selling a parcel of land in Serdang, Selangor for RM6.65 million.

Digistar Corp Bhd is selling two parcels of freehold land in Melaka for RM7.76 million cash.

Focus Lumber Bhd announced that it has entered into an industrial tree planting agreement (ITPA) with Rakyat Berjasa Sdn Bhd (RBSB) to plant, rehabilitate and harvest forests in a 5,000-hectare area in Sabah’s Sungai Pinangah Forest Reserve.

ITMax System Bhd has secured a RM79.6 million contract from the Pasir Gudang City Council in Johor to design, install and maintain a smart command centre, a closed-circuit camera system with artificial intelligence (AI) features as well as a smart traffic lights system within the district.

Kerjaya Prospek Group Bhd has bagged a RM226 million contract from Aspen Vision City Sdn Bhd for the development of a 37-storey residential building in Batu Kawan, Penang.

Perak Transit Bhd has secured approval from the Ministry of Finance (MOF) for an investment tax allowance (ITA) on qualifying capital expenditure in relation to the development of an integrated public transportation terminal in Bidor, Perak.

Khazanah Nasional Bhd via its associate Pulau Kapas Ventures Sdn Bhd (PKV) has disposed of its 3.7% stake, equivalent to 67.5 million shares, in TIME Dotcom Bhd, whose share price climbed to an all-time high of RM5.56 last week.

Sapura Energy Bhd said the contract for the engineering, procurement, construction and installation (EPCI) of the single buoy mooring (SBM) Pipeline Rejuvenation Phase II Project in Singapore has been terminated.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

CPO futures likely to trade lower on profit-taking next week
Oil notches weekly gains ahead of Opec+ decision
Hektar-REIT focuses on strengthening portfolio
Timber furniture sales cool as demand softens in US, Europe
Fading population dividend
CTOS eyes new overseas markets to drive growth
Big wins for billionaire Ambani in Disney tie-up
HAS inks deal for five new Airbus helicopters
Positive outlook for luxury condo market
China quants making big cap bets weather turmoil

Others Also Read