Trading ideas: Sunzen Biotech, NationGate, Awantec, Inta Bina, SCIB, Aeon Credit, EVD and Topmix


KUALA LUMPUR: Corporate news makers this morning incude Sunzen Biotech, NationGate, Awantec, Inta Bina, SCIB, Aeon Credit, EVD and Topmix, said Rakuten Trade.

Sunzen Biotech Bhd has commenced the closure of its loss-making animal health division in efforts to bring up the group's financial performance.

Nationgate Holdings (NatGate) is seeking to transfer its listing and quotation for the entire issued share capital of the company from the ACE Market to the Main Market of Bursa Malaysia.

Awanbiru Technology Bhd's (Awantec) wholly-owned unit Prestaring Skin Sdn Bhd (PSKIN) has filed an appeal against the High Court’s decision. This comes after winning RM231.55mil in its lawsuit against the government over the termination of the RM3.5bil National Immigration Control System (SKIN) project,

Inta Bina Group has secured a contract worth RM348.92m for a mixed development project in Shah Alam, Selangor.

Sarawak Consolidated Industries Bhd (SCIB) has accepted a revised contract worth RM162mil for the construction of high-rise residential units in Kota Bharu, Kelantan, under the PR1MA Corp Malaysia affordable homes scheme.

Aeon Credit Service (M) Bhd reported a 24.7% increase in net profit to RM118.92 million for the fourth quarter ended Feb 29, 2024 (4QFY2024), driven by higher revenue, with earnings per share rising to 22.32 sen.

EVD’s wholly-owned subsidiary, EV-Dynamic SB, has been awarded a sub-contract worth RM59.64m from Sunway Construction SB to design, supply, deliver, install, test and commission of smart building and security services.

Topmix, slated for a listing on the ACE Market of Bursa Securities on April 23, has seen its initial public offering (IPO) oversubscribed by 58.61 times.

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