Trading ideas: UWC, APB, Apollo, NTPM, United Malacca, Majuperak and Supermax

KUALA LUMPUR: Companies that recently made headlines include UWC, APB, Apollo, NTPM, United Malacca, Majuperak and Supermax, said Apex Securities Research.

UWC Bhd’s net profit dropped 85.12% to RM4.35 million in the first quarter ended Oct 31, 2023 (1QFY2024) from RM29.25 million a year earlier due to lower revenue.

APB Resources Bhd is acquiring 70 million shares in Globetronics Technology Bhd, representing a 10.41% stake in the Penang-based semiconductor manufacturer for RM140 million cash.

Keynote Capital Sdn Bhd, controlling shareholder of Apollo Food Holdings Bhd, is confirmed to be exiting the group after Scoop Capital Sdn Bhd, the franchisee of Baskin-Robbins, proposed to acquire Keynote's entire 51.31% stake in the confectionary maker for RM238.08 million in cash.

NTPM Holdings Bhd saw its net loss in the second quarter ended October 31, 2023 (2QFY2024) widen to RM4.03 million from RM3.49 million in the previous year.

United Malacca Bhd’s net profit in the second quarter ended October 31, 2023 (2QFY2023) fell by 12.64% to RM13.72 million from RM15.71 million in the previous year, mainly due to higher expenses and investment losses.

Majuperak Holdings Bhd is disposing of 2.01 acres of land in Ipoh to a wholly-owned unit of the Perak State Agriculture Development Corporation (PPPNP) for RM18.4 million as part of its business regularization plan.

Supermax Corp Bhd, which came under the spotlight recently as a strain within the Thai family resurfaced over the purchase of a private jet, has announced a new chief executive and senior executive director, Tan Chee Keong, also known as CK Tan, who is the nephew of both Supermax's co-founders Datuk Seri Stanley Thai Kim Sim and his wife Datuk Wira Cheryl Tan Bee Geok.

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Apex , Trading ideas , UWC , APB , Apollo , NTPM , United Malacca , Majuperak , Supermax


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