Trading ideas: KNM, Bintai Kinden, Hextar Industries, Marine & General, Apollo Food and Petra Energy

KUALA LUMPUR: Stocks to watch for on Monday include KNM, Bintai Kinden, Hextar Industries, Marine & General, Apollo Food and Petra Energy, said Apex Securities Research.

KNM Group Bhd has denied claims that its premises were raided by the police recently, saying the authorities had only sought its assistance for an investigation.

Bintai Kinden Corp Bhd has filed a police report against IFZ Oil & Gas (M) Sdn Bhd after the latter denied receiving an initial advance amounting to RM4.5 million for a project back in May 2022.

Datuk Eddie Ong Choo Menghas injected Hextar Mitai Sdn Bhd (HMT) — an engineering solutions company controlled by his family — into ACE Market-listed Hextar Industries Bhd in a related party transaction (RPT).

Marine & General Bhd's net profit fell 50.68% to RM8.22 million for the second quarter ended Oct 31, 2023 (2QFY2024) compared with RM16.67 million a year ago, after a non-recurring depreciation adjustment was made.

Apollo Food Holdings Bhd has requested for a trading suspension of its shares, which has been granted and will take effect next Monday, pending the release of “a material announcement”.

Petra Energy Bhd's unit Petra Marine Sdn Bhd is divesting an accommodation work barge for US$3.95 million (RM18.45 million) to Great Sky Investments Corp.

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