Trading ideas: Nestcon, TAS, Dnex, GFM, Dolphin, KPJ and Sersol

KUALA LUMPUR: Companies making headlines include Nestcon, TAS, Dnex, GFM, Dolphin, KPJ and Sersol, said Apex Securities Research.

Construction company Nestcon Bhd is proposing to diversify its business to include engineering, procurement, construction and commissioning of solar photovoltaic (PV) systems, project management of renewable energy (RE) activities, as well as owning and operating solar PV assets.

TAS Offshore Bhd (TAS) has secured shipbuilding contracts for two units of tugboat with a total value of approximately RM15.3mil.

Dagang Nexchange Berhad's UK upstream oil and gas arm, Ping Petroleum UK plc (Ping UK), has expanded its portfolio with three additional North Sea oilfield licences, with two obtained under the UK's 33rd licensing round, while another licence was acquired through the acquisition of equity from Orcadian Energy (CNS) Ltd.

Integrated facilities management company GFM Services Bhd has secured contracts to provide operations and maintenance services for three facilities in the Pengerang Integrated Complex in Johor.

Dolphin International Bhd has scrapped its planned rights issue, opting to explore alternative funding methods.

Private hospital operator KPJ Healthcare Bhd has appointed former chief secretary to the government Tan Sri Ismail Bakar as its new non-independent and non-executive chairman, effective immediately.

Chemical manufacturer Sersol Bhd plans to raise up to RM8.5 million through a private placement of 85 million new shares, representing not more than 10% of its issued shares, for working capital purposes.

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Trading ideas , Apex , Nestcon , TAS , Dnex , GFM , Dolphin , KPJ , Sersol


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