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Semicon, tech stocks and glove makers rebound
KUALA LUMPUR: Semiconductor and tech related stocks and glove makers rebounded on Friday as market sentiment improved slightly but the FBM KLCI failed to close above the key 1,600 level.
Ageson appoints Cymao unit as main contractor
KUALA LUMPUR: Plywood product maker Cymao Holdings Bhd’s wholly-owned subsidiary, Billion Apex Sdn Bhd (BASB) has received an offer from Ageson Bhd’s unit, Ageson Development Sdn Bhd to be the main contractor in a proposed mixed development project.
Ageson appoints BASB as main contractor in mixed development project
KUALA LUMPUR: Plywood product maker Cymao Holdings Bhd’s wholly-owned subsidiary, Billion Apex Sdn Bhd (BASB) has received an offer from Ageson Bhd’s unit, Ageson Development Sdn Bhd to be the main contractor in a proposed mixed development project.
Quick take: Cymao slumps to low of RM1.55
KUALA LUMPUR: Cymao Holdings Bhd’s share price came under pressure on Thursday as it fell to a low of RM1.55, the lowest since Jan 12, as investors took profit after the recent rally.
SEEKING A SUSTAINABLE PATH FORWARD
THE issue of raw material shortage is a major trouble facing the timber industry, but industry players are working hand-in-hand with the government to address the situation - a vital step forward, as plywood products were the second largest contributor (RM3.4bil) to Malaysia’s RM22.5bil wood-based products export in 2019.
Quick take: Samaiden rises on power plant contract
KUALA LUMPUR: Samaiden Group Bhd’s shares rose marginally in early trade Monday after securing a RM25.8mil biomass power plant project.
Trading ideas: Top Glove, Kanger, Daya, Samaiden, MESB, Seacera
KUALA LUMPUR: Stocks to watch on Monday include Top Glove Corp Bhd, Kanger International Bhd, Daya Materials Bhd, Samaiden Group Bhd, MESB Bhd and Seacera Group Bhd, according to JF Apex Research.
Oil palm planting halt in Sarawak for timber firms
Failure to comply may result in severe consequences
Samaiden bags biomass power plant project
PETALING JAYA: Samaiden Group Bhd has clinched a contract from Gimzan Plywood Sdn Bhd for the engineering, procurement, construction and commissioning works (EPCC) of a 2 MWac biomass power plant in Hulu Terengganu.
Samaiden bags RM25.8mil biomass power plant projectÂ
KUALA LUMPUR: Samaiden Group Bhd has won a contract to build a 2.0 MWac biomass power plant in Hulu Terengganu.