Trading ideas: Bermaz Auto, CTOS, Eversendai, LSK and Reservoir Link Energy


KUALA LUMPUR: Companies that made the headlines include Bermaz Auto, CTOS, Eversendai, LSK and Reservoir Link Energy, said Rakuten Trade in its daily market report.

Bermaz Auto, which mainly assembles Mazda-branded vehicles, reported its 3QFY10/24 net profit fell 19.23% YoY to RM70.5m compared with RM87.29m dragged by lower sales.

Retirement Fund Inc (KWAP) emerged as a substantial shareholder in CTOS Digital amid heavy selling pressure on March 12 following an unfavourable outcome towards the group in a legal dispute.

Eversendai Corp has announced that its subsidiaries have secured new projects worth a combined RM5.4bn in Saudi Arabia, the UAE and India.

Lee Swee Kiat Group (LSK) announced that it is proposing a bonus issue of up to 83.91m new shares where shareholders will get one bonus share for two existing shares held.

Reservoir Link Energy via its wholly-owned subsidiary Reservoir Link SB has secured a contract from PETRONAS Carigali SB for the provision of well leak repair equipment and services (sealant based).

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