Trading ideas: YNH Property, YTL Power, Lotte Chemical Titan, Irekam, Sunsuria, Varia and Telekom

KUALA LUMPUR: The trading stock of companies with recent announcements include YNH Property, YTL Power, Lotte Chemical Titan, Irekam, Sunsuria, Varia and Telekom, said Apex Securities Research.

YNH Property Bhd is planning to sell its Mont Kiara shopping mall, 163 Retail Park, to Sunway Real Estate Investment Trust (Sunway REIT) for RM215 million, cash.

YTL PowerSeraya Pte Ltd, a unit of YTL Power International Bhd, has won the right to build, own and operate a hydrogen-ready combined cycle gas turbine unit with a capacity of at least 600 megawatts in Singapore. The power plant is estimated to cost S$800 million (RM2.82 billion) and is targeted to be completed by Dec 31, 2027.

Lotte Chemical Titan Holding Bhd (LCTitan) booked its seventh consecutive quarter in the red in the quarter ended Dec 31, 2023 (4QFY2023), which saw its losses narrow year-on-year amid lower feedstock costs and forex gains.

Ireka Corp Bhd is transferring its 30% stake in two associates linked to The RuMa Hotel and Residences to joint venture partner Aseana Properties Ltd, as part of a settlement to a suit filed by Aseana Properties’ subsidiary last October.

Sunsuria Bhd is raising its stake in Bangsar Hill Park Development Sdn Bhd, the developer of the eight-block high-rise residential property Bangsar Hill Park, by another 33% for RM71.42 million, cash.

Varia Bhd, formerly known as Stella Holdings Bhd, has secured a RM94.86 million contract for the Klang River flood mitigation project in Shah Alam, Selangor.

Telekom Malaysia Bhd (TM) is said to be exploring plans to build a new hyperscale data centre (HDC) in Malaysia, expanding its capacity from the existing Klang Valley Data Centre and Iskandar Puteri Data Centre.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

China set to keep lending benchmark LPRs unchanged in April
Gold rises as safe-haven appeal boosted by Israel's attack on Iran
MKH Oil Palm IPO oversubscribed by 8.4 times
Bank Negara adds four companies to Financial Consumer Alert list
Nissan cuts annual operating profit estimate by 14.5% on lower sales
Oil surges as reports of Israeli strike on Iran roil markets
Bitcoin slides below US$60,000 on reports Israel strikes Iran
Stocks sink, oil jumps after Israeli attack on Iran
Yinson Production successfully places US$500mil bond issue
EG Industries expands partnership with US-based R&D firm

Others Also Read