Trading ideas: Seni Jaya, EP Manufacturing, DNeX, Sarawak Cable, Destini, SunCon, YGL, AWC, AMMB, Impiana, Meta Bright, Eversendai, Alliance and Hua Yang


KUALA LUMPUR: Companies that made recent headlines include Seni Jaya, EP Manufacturing, DNeX, Sarawak Cable, Destini, SunCon, YGL, AWC, AMMB, Impiana, Meta Bright, Eversendai, Alliance and Hua Yang.

Seni Jaya Corp Bhd plans to place out up to 29.12m shares, or 10% of its issued share capital, to third-party investors who have yet to be identified.

EP Manufacturing Bhd (EPMB) has signed a Memorandum of Understanding (MOU) with the Malaysian unit of China’s Great Wall Motor Co Ltd (GWM) to look into the production and assembly of selected GWM vehicles locally.

Dagang Nexchange Bhd's (DNeX) subsidiary, Dagang Net Technologies Sdn Bhd has accepted RM18.08m contract for Malaysia Maritime Single Window Phase 1 (MMSW) project from the Port Klang Authority.

Sarawak Cable Bhd said its external auditor Baker Tilly Monteiro PLT has issued a disclaimer opinion on the group's financial statements for the year ended May 31, 2023 (FY2023).

Valiant First Sdn Bhd has filed a suit against aviation and defence company Destini Bhd, seeking specific performance for the completion of the sale of two plots of land in Glenmarie and Bukit Jelutong.

Sunway Construction Group Bhd’s (SunCon) wholly-owned subsidiary Sunway Construction Sdn Bhd has accepted the letter of initial appointment (LOIA) from K2 Strategic Infrastructure Malaysia Sdn Bhd to commence and complete the proposed development of a data centre in Johor worth RM192.88m.

YGL Convergence Bhd’s wholly-owned unit, YGL Intelligent Technology Sdn Bhd, has received a RM1m grant from the Malaysia Digital Economy Corporation Sdn Bhd (MDEC) for the development of a smart halal monitoring system.

AWC Bhd and Universiti Sains Malaysia (USM) have entered into a Memorandum of Understanding (MOU) to explore opportunities in a smart and green campus with focus on e-mobility and related services and solutions.

AMMB Holdings Bhd has provided a RM450m financing facility to Eastern & Oriental Bhd’s (E&O) unit Tanjung Pinang Development Sdn Bhd to fund the development of the Andaman Island project in Penang.

Impiana Hotels Bhd's recently-appointed executive director Datuk Seri Lee Hock Seng has raised his direct and indirect stake in the company to 21.97%, after acquiring 25.03m shares in the company.

Meta Bright Group Bhd has secured four conditional letters of offer for a solar programme involving mosques in Kuantan, Pahang.

Eversendai Corp Bhd shares rose as much as six sen or 34% to a two-year high of 23.5 sen on news that it has inked a Memorandum of Understanding (MOU) with Saudi-based conglomerate Algihaz to form a joint venture to execute structural steel projects in Saudi Arabia.

Alliance Bank Malaysia Bhd and SME Corp Malaysia have signed a memorandum of understanding to jointly assist micro, small and medium enterprises (MSMEs) to adopt environment, social and governance (ESG) practices through a combination of relevant financing and non-financing solutions.

Hua Yang Bhd’s net profit rose 58.75% to RM535,000 for the second quarter ended Sept 30, 2023 (2QFY2023) from RM337,000 a year earlier, amid a surge in revenue.

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