Trading ideas: KNM, KPJ, BHIC, MRCB. SNS Network, ICT Zone and MYEG


KUALA LUMPUR: Stocks that could see increased trading interest include KNM, KPJ, BHIC, MRCB. SNS Network, ICT Zone and MYEG, said Apex Securities Research.

KNM Group Bhd has received two "binding and irrevocable offers” for the proposed disposal of KNM Europa BV's entire stake in FBM Hudson Italiana SpA (FBM Hudson) for a total "indicative consideration” of up to 16.5 million euros (one euro = RM5.14).

KPJ Healthcare Bhd's net profit rose nearly 16% in the fourth quarter ended Dec 31, 2023 from a year earlier thanks to higher patient numbers and tax writeback.

The proposed disposal of Boustead Heavy Industries Corp Bhd (BHIC)'s 20.77% stake in the troubled Boustead Naval Shipyard Sdn Bhd (BNS) to the Ministry of Finance (Inc) for RM1 has been extended for the fifth time, to March 31.

Malaysian Resources Corp Bhd (MRCB) confirmed it was appointed by Menteri Besar Selangor Inc (Selangor MBI) to undertake the demolition works of the Shah Alam Stadium at a provisional contract value of RM35 million. Selangor Menteri Besar Datuk Seri Amirudin Shari had said earlier this month that the stadium is expected to be fully demolished by mid-2025.

SNS Network Technology Bhd (SNS Network) secured a contract from Esri Malaysia Sdn Bhd to offer geographical information system (GIS) solutions for an undisclosed value.

ICT Zone Asia Bhd is considering transferring from the LEAP Market to the ACE Market on Bursa Malaysia, following a letter of request from its 72.85%-shareholder ICT Zone Holding Bhd.

MyEG Services Bhd’s (MyEG) joint venture company MYEG Philippines Inc (MYEG PH) has partnered with the Social Security System of Philippines (SSS PH) to facilitate online payment of loans and contributions.

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