Trading ideas: Hextar, CTOS, Microlink, Eversendai, SCIB, Sapura Energy and UEM Sunrise


KUALA LUMPUR: Companies that recently made headlines include Hextar, CTOS, Microlink, Eversendai, SCIB, Sapura Energy and UEM Sunrise, said Apex Securities Research.

Hextar Technologies Solutions Bhd (HexTech) has entered into a sale and purchase agreement (SPA) with Dataran Ehsan Sdn Bhd to dispose of land in Klang for RM8.78mil cash.

CTOS Digital Bhd said it is business as usual for the group as the recent court decision against its subsidiary does not prevent it from continuing to provide credit score services.

Microlink Solutions Bhd, whose share price plunged to its lowest in more than two years on Monday, said it is not aware of any possible explanation for the unusual market activity (UMA).

Eversendai Corp Bhd said its unit is currently in talks with the Inland Revenue Board (IRB) to withdraw the winding-up petition initiated by the IRB, following the settlement of the amount allegedly owed.

Sarawak Consolidated Industries Bhd’s (SCIB) RM97.75 million contract with Landasan Kapital (M) Sdn Bhd has fallen through following a mutual termination between the two parties.

Financially troubled Sapura Energy Bhd has been granted a three-month extension by the Corporate Debt Restructuring Committee (CDRC) to push the deadline of its standstill period, which shields it from actions from its multi-currency financing creditors, to June 10.

UEM Sunrise Bhd has appointed Datuk Azmar Talib as one of its independent non-executive directors, effective March 11.

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