Trading ideas: Westports, MyEG, HeiTech Padu, Apex Healthcare, GDEX, Globetronics, Jentayu, Comfort Gloves, Serba Dinamik, Alpha IVF and Kossan

KUALA LUMPUR: Corporates making headlines on Wednesday include Westports, MyEG, HeiTech Padu, Apex Healthcare, GDEX, Globetronics, Jentayu, Comfort Gloves, Serba Dinamik, Alpha IVF and Kossan, according to TA Securities Research.

Westports Holdings Bhd is all set to go green with the development of the Westports 2 container terminal as it is actively testing and evaluating the electrification of port vehicles and equipment as part of its commitment to sustainability.

E-government services providers MyEG Services Bhd and Heitech Padu Bhd have formed a partnership to collaborate on IT projects in Malaysia.

Apex Healthcare Bhd has committed to reinvest 5% of its total manufacturing revenue into the research and development of new products moving forward.

Express carrier GDEX Bhd is set to diversify into the IT services sector to augment its revenue streams and is aiming for it to contribute over 25% of its net profit in the future.

Globetronics Technology Bhd is in advanced discussions with two potential clients interested in utilising advanced packaging technology.

Jentayu Sustainables Berhad is hoping to ink its power purchase agreement with the Energy Commission of Sabah by the middle of the year and believes the company is on track to execute the PPA for its 170 MW run-of-river hydropower plant in Sipitang worth RM2.8bn.

Two subsidiaries of Comfort Gloves Bhd have commenced legal action against the Inland Revenue Board over an additional tax demand of RM99.3mn.

Practice Note 17 company Serba Dinamik Holdings Bhd has been granted an extension until May 15 by Bursa Malaysia to submit its regularisation plan, marking the second extension after missing the initial deadline on July 5, 2023.

Newly-listed fertility care company Alpha IVF Group Bhd made a net profit of RM13.6mn for its 3QFY2024, on a revenue of RM40.7mn.

Kossan Rubber Industries Bhd has proposed a final dividend of two sen per share for the FY2023. The final dividend will be paid on July 18, with June 20 as the ex-date and June 21 as the entitlement date, the glove maker said.

Tomei Consolidated Bhd has declared a first and final dividend of four sen per share for the FY2023, which will be paid on June 6.

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