Trading ideas: RHB, Axiata, Yinson, Affin, Kimlun, AWC, Pansar, DC Healthcare, AwanBiru, Systech, Auro, Bursa Malaysia, HeiTech Padu, AmFirst REIT and Sin-Kung Logistics


KUALA LUMPUR: Here are the corporate highlights, according to TA Securities Research.

RHB Bank has raised its target for sustainable financing to over RM50bn by 2026, after cumulatively mobilising RM23.8bn in sustainable financial services by the end of the financial year 2023, surpassing its initial goal of RM20bn.

Axiata Group Bhd's unit Dialog Axiata PLC will acquire the entire stake of rival telco Airtel Lanka in Sri Lanka from Bharti Airtel Limited in exchange for 10.4% of the total issued shares in Dialog.

Yinson Holdings Bhd’s green technologies business unit, Yinson GreenTech has signed a Letter of Intent with Eastern Pacific Shipping to collaborate towards cleaner and more sustainable maritime operations in Singapore.

Affin Group has launched a cashless initiative tailored for Lembaga Muzium Negeri Terengganu, aiming to digitalise the ticketing process and provide added convenience to museum visitors.

Kimlun Corporation Bhd has bagged a construction contract worth RM150mn for a serviced apartment development project in Johor Bahru.

AWC Bhd has bagged two contracts worth a total of RM19.4mn for plumbing works.

Pansar Bhd has secured a contract worth RM269.1mn to upgrade the capacity of a water treatment plant in Sibu, Sarawak.

DC Healthcare Holdings Bhd opened new Dr. Chong Clinic and DC Body locations in KL Publika Shopping Gallery, and DC Body in Johor Bahru Bukit Indah, expanding its presence nationwide.

Awanbiru Technology Bhd said trading in its shares will be suspended from April 26, after the group failed to submit its regularisation plan to the regulators for approval within the stipulated timeframe that ended on April 13.

AmanahRaya Real Estate Investment Trust is aiming to achieve a portfolio occupancy rate of at least 90% by the FY2025 and is counting on Vista Tower to bolster its earnings potential.

Systech Bhd forges ahead with its transformation plan as the company received shareholders’ nod for its capital exercise proposals at its extraordinary general meeting yesterday.

Timber products manufacturer Auro Holdings Bhd (formerly known as NWP Holdings Bhd) is proposing to venture into the food and beverage business, more than a year after it diversified into the sand dredging business.

Bursa Malaysia Securities Bhd has approved the transfer of UMediC Group Bhd’s listing status from the ACE Market to the Main Market, under the 'health care' sector.

Datuk Farhash Wafa Salvador, former political aide to Prime Minister Datuk Seri Anwar Ibrahim, has ceased to be a substantial shareholder of Heitech Padu Bhd, just one month after acquiring a 15.9% stake via a private vehicle in the company.

AmFirst REIT’s fourth quarter net property income fell 7.8% YoY to RM14.5mn mainly due to higher property expenses.

Sin-Kung Logistics Bhd aims to raise RM26mn from its initial public offering en route to a listing on the ACE Market of Bursa Malaysia.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

AirAsia can withstand rising oil prices, says Fernandes
Recto pegs 1Q GDP growth at below 6%
S’pore manufacturing, services firms upbeat about next two quarters
China Ouhua uncertain on land transfer completion
Curb on DBS’ non-essential banking activities ends
Huawei’s consumer CEO Richard Yu shifts role
Haleon posts tepid quarterly result
Britain’s Next keeps profit guidance after 1Q sales rise
Positive outlook for Dnex
More Fed officials ready to say goodbye to low-rate world

Others Also Read