Trading ideas: Borneo Oil, Fajarbaru Builder, Atlan, Hume Cement, UEM Sunrise, JAG and EVD

KUALA LUMPUR: There could be investor attention on the companies including Borneo Oil, Fajarbaru Builder, Atlan, Hume Cement, UEM Sunrise, JAG and EVD, said Apex Securities Research.

Sabah-based gold miner Borneo Oil Bhd has ended its gold-mining venture with Syarikat Ratna Pura Sdn Bhd (SRP) and Ricco Mining Sdn Bhd in Mukim Keratong, Rompin, Pahang, as part of its plans to downsize its mining operations in the state.

The value of Fajarbaru Builder Group Bhd’s contract for the planning phase of the redevelopment of military facilities at the Royal Malaysian Air Force base in Butterworth, Penang has been revised to a higher sum of RM16.26 million from RM7.36 million previously.

Atlan Holdings Bhd's net profit rose 9.48% to RM6.47 million in the third quarter ended Nov 30 (3QFY2024) from RM5.91 million a year ago on the back of higher revenue from the automotive segment.

Hume Cement Industries Bhd (HCIB) has accepted an offer to sell its plot of land in the Prai Industrial Estate in Penang for RM39.8 million cash that will bring it an estimated net gain of RM32 million.

UEM Sunrise Bhd unveiled an enhanced version of its virtual concierge app named hUb prop at Kiara Bay Sales Gallery, Kepong here on Thursday.

JAG Capital Holdings Bhd’s mandatory general offer (MGO) for KUB Malaysia Bhd is not due to any valuation issues, according to Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani.

EVD Bhd has suspended executive director of operations Mah Seong Huak from his duties with immediate effect in the specific areas of project management and engineering; project tender and budget; project system engineering; and business development.

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