Trading ideas: Chin Hin, Farm Fresh, UEM Edgenta, KLCC, MMAG, TDM, Mah Sing, Haily and Fast Energy


KUALA LUMPUR: Bursa Malaysia companies with recent developments include Chin Hin, Farm Fresh, UEM Edgenta, KLCC, MMAG, TDM, Mah Sing, Haily and Fast Energy, said Apex Securities Research.

Chin Hin Group Bhd has increased its stake in Chin Hin Group Property Bhd (CHGP) by 3.39% to 57.13% for RM29.26 million, buying 22.39 million shares at an average price of RM1.305 each between March 19 and April 4, 2024.

Retirement Fund Inc (KWAP) has increased its stake in Farm Fresh Bhd by purchasing an additional four million shares, totaling a 5.07% stake.

UEM Edgenta Bhd has secured contracts for hospital support services in Singapore for five years, valued up to RM963.49 million.

KLCC Property Holdings Bhd (KLCCP) has issued Sukuk Wakalah worth RM1.95 billion to finance the acquisition of a 40% stake in Suria KLCC Sdn Bhd.

MMAG Holdings Bhd's subsidiary, MJets Air Sdn Bhd, has been appointed to provide a regional cargo feeder network using narrowbody freighters for MAB Kargo Sdn Bhd (MASKargo) starting May 1, 2024, for a six-month period.

Plantation and healthcare group TDM Bhd clarified that it has no intention of listing its healthcare arm, KMI Healthcare Sdn Bhd.

Property developer Mah Sing Group Bhd has acquired a parcel of land in Pulai, Johor Bahru for RM103.75 million in cash through its subsidiary, Venice View Development Sdn Bhd.

Haily Group Bhd has secured a contract valued at RM59.46 million for a terrace house construction project in Johor Bahru.

Fast Energy Holdings Berhad, a loss-making oil bunkering services provider, has become a significant shareholder in Vsolar Group Bhd by subscribing to 140 million shares in Vsolar's rights issue at 10 sen each, totaling RM14 million.

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