Trading ideas: Zhulian, APB, Tropicana, TSR Capital, Straits Energy, Nextgreen and DRB-Hicom

KUALA LUMPUR: Stocks that should see trading interest include Zhulian, APB, Tropicana, TSR Capital, Straits Energy, Nextgreen and DRB-Hicom, said Apex Research.

Zhulian Corp Bhd posted a net profit of RM6.2 million for its third quarter ended Aug 31, 2023, down 14.36% from RM7.24 million in the previous year’s corresponding quarter, as revenue came in at RM34.2 million, compared with RM32.96 million previously.

APB Resources Bhd has proposed to acquire a 16-storey Serba Dinamik building in Shah Alam, Selangor for RM38 million, subject to the approval from the High Court.

Tropicana Corp Bhd is seeking to strike out a claim filed by RHB Trustees Bhd, Sunway REIT Management Sdn Bhd and Sunway Education Group Sdn Bhd over its breach of agreement and alleged double-dealing pertaining to the sale of shares and a stake in the St Joseph International School.

TSR Capital Bhd has bagged a RM104 million contract which is nearly double its market value of RM56 million — involving infrastructure works at the Kwasa Damansara township development in Sungai Buloh, Selangor.

Straits Energy Resources Bhd has bagged a contract worth RM27.7 million for the installation, testing and commissioning of aluminium XLPE underground cables and accessories for asset development for Tenaga Nasional Bhd (TNB).

Nextgreen Global Bhd's wholly-owned subsidiary Nextgreen Resources Sdn Bhd has entered into a joint venture with P Teguh Services Sdn Bhd via a special purpose vehicle for the purpose of trading in biodiesel products.

DRB-Hicom Bhd has entered into a Master Collaboration Agreement (MCA) with Zhejiang Geely Holding Group Co Ltd (Geely) pertaining to the development of the Automotive High-Technology Valley (AHTV) in Tanjong Malim, Perak.

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