Trading ideas: AZRB, Betamek, MISC, Meridian, BHIC, Kerjaya Prospek, EVD, Berjaya Corp and K-One


KUALA LUMPUR: Companies with corporate announcements include AZRB, Betamek, MISC, Meridian, BHIC, Kerjaya Prospek, EVD, Berjaya Corp and K-One, said Apex Securities Research.

Ahmad Zaki Resources Bhd (AZRB) ’s wholly-owned subsidiary, Ahmad Zaki Sdn Bhd, has received the letter of acceptance from the Malaysian Government for upgrading and renovation works for the Abu Bakar Palace in Pekan, Pahang, for RM315.90mil.

Electronic manufacturing services firm Betamek Bhd said it is acquiring tuner and car stereo maker Sanshin (Malaysia) Sdn Bhd for RM13.44 million from its Japanese owner, which is expected to broaden its product offerings and profit margins.

MISC Bhd, which owns one of the world's largest fleets of petroleum shipping vessels, announced that it has secured long-term contracts for three liquefied natural gas (LNG) carriers from QatarEnergy.

Meridian Bhd faces a trading suspension for its shares and warrants starting April 8 if it doesn't submit its 2023 annual report by April 5, having missed the March 31 deadline for its annual audited financial statements.

Boustead Heavy Industries Corp Bhd (BHIC) has extended the planned disposal of its 20.77% stake in the troubled Boustead Naval Shipyard Sdn Bhd (BNS, now known as Lumut Naval Shipyard Sdn Bhd) to the Ministry of Finance (MOF) for RM1 for another month until April 30.

Construction outfit Kerjaya Prospek Group Bhd has secured a RM33.19 million contract for piling and earthworks for a proposed service apartment in Pulau Andaman, Penang from Persada Mentari Sdn Bhd, a subsidiary of property developer Eastern & Oriental Bhd (E&O).

EVD Bhd has secured two contracts worth RM19.5 million for mechanical and engineering (M&E) works involving the construction of a wastepaper warehouse and a power generation facility in Kuala Langat, Selangor.

Berjaya Corp Bhd (BCorp) has finalised the acquisition of eight parcels of freehold land totaling 20,977.15 sq meters in Yokohama, Japan for ¥12.61 billion (RM407.3 million).

K-One Technology Bhd, known for its significant share price surge back in 2020 due to a Nasa JPL licence for ventilator production during the Covid-19 pandemic, is proposing a diversification into the healthcare industry to lessen dependency on existing segments.

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