Trading ideas: Gamuda, Cypark, Mudajaya, Poh Huat, Sapura Resources, LYC, MKHOP, Capital A and Yinson

KUALA LUMPUR: Companies spurring investors interest include Gamuda, Cypark, Mudajaya, Poh Huat, Sapura Resources, LYC, MKHOP, Capital A and Yinson, said Apex Securities Research.

The government has offered Gamuda Bhd’s 60%-owned SRS Consortium Sdn Bhd civil works contracts on the first segment of the Penang Light Rail Transit (Penang LRT) and hopes to conclude talks with the company within six months.

The board of directors of Cypark Resources Bhd has requested selected key senior management officers, including its group chief executive officer Datuk Daud Ahmad, to go on unrecorded leave in order to facilitate a fully independent and transparent review process.

Mudajaya Group Bhd has redesignated its group managing director and chief executive officer James Wong Tet Foh as executive chairman, effective April 1, 2024.

Stronger furniture demand from North America lifted Poh Huat Resources Holdings Bhd's net profit for its first quarter up 50.94% to RM10.3 million from RM6.83 million in the corresponding quarter a year ago.

Sapura Resources Bhd swung into the red in the financial year ended Jan 31, 2024 with a net loss of RM35.85 million, versus a net profit of RM79.62 million a year ago as higher revenue was more than offset by smaller reversal on impairment and reduction of other income.

Confinement centre operator LYC Healthcare Bhd said its 64.5%-owned subsidiary LYC Medicare Singapore Ltd has lodged a new preliminary offer document with Singapore Exchange Ltd (SGX) for its listing proposed on the SGX’s Catalist board.

Oil palm plantation player MKH Oil Palm (East Kalimantan) Bhd began taking orders from investors for its IPO on the Main Market that would raise up to RM155.43 million.

Capital A Bhd’s digital arm, Move Digital and BigPay, has partnered strategically with Ant International to explore integrating Alipay+ payment solutions into its platform, allowing users to pay for services using Alipay+.

Yinson Holdings Bhd has raised RM283.2mil in proceeds following the completion of an accelerated book-building exercise, which will go towards expanding Yinson’s renewables and green technology businesses.