Estimate Reading Time: 3 minutesKUALA LUMPUR: Stocks that could be seeing increased trading interest include IJM, Propel Global, Sam Engineering & Equipment, Wasco, HIL Industries, SSF Home, OpenSys, Capital A, KNM, Eversendai, CJ Century Logistics and Kitacon, said Apex Research.
IJM Corp Bhd’s wholly owned subsidiary, IJM Construction Sdn Bhd has secured a RM1.1bil contract from Malaysia Rapid Transit System Sdn Bhd (MRTS) for the proposed design, construction and completion of Package 2A Immigration Customs and Quarantine Complex (ICQC) and Package 2B ICQC External Works for Rapid Transit System Link Johor Bahru – Singapore (RTS Link Project).
Propel Global Bhd is to purchase two parcels of land in Kuala Kuantan, Pahang for RM14.7 million to undertake a commercial development project with a gross development value of RM68 million.
SAM Engineering & Equipment (M) Bhd plans to inject another RM200 million into its equipment business in Thailand in its current financial year ending March 31, 2024 (FY2024) and the following year.
Wasco Bhd’s indirect wholly-owned subsidiary, Wasco AgroTech Sdn Bhd, has disposed of a piece of freehold land in Klang, Selangor for RM40 million.
HIL Industries Bhd has proposed to acquire a company that owns land near the Shah Alam-Klang border that has been earmarked for residential development, in a related party transaction.
Newly listed SSF Home Group Bhd ended its maiden trading day at 26.5 sen on Thursday, up 1.5 sen or 6% from its initial public offering (IPO) price of 25 sen, making its market debut one of the most lacklustre IPOs this year.
Opensys (M) Bhd has secured a RM105 million contract from Malayan Banking Bhd (Maybank) to process the bank’s outward cheque clearing for all branches nationwide.
Budget carrier AirAsia, a part of the Capital A Bhd group, is seeking a US$400 million (RM1.8 billion) loan, half of it from private credit funds, to refinance debt, according to people familiar with the matter.
KNM Group Bhd and its indirect wholly-owned subsidiaries Deutsche KNM GMBH and Borsig GMBH have sued Flavio Porro and Terence Tan Koon Ping, after KNM called off the disposal of Borsig to Vorsprung Industries GMBH for €220.8 million (RM1.107 billion) in December 2022.
Eversendai Corp Bhd has submitted active tenders for more than RM15 billion worth of structural steel projects in Saudi Arabia which are highly complex, befitting Eversendai’s technical capabilities.
Founder of CJ Century Logistics Holdings Bhd Datuk Phua Sin Mo has emerged as a substantial shareholder of Kumpulan Kitacon Bhd with a 14% stake.
In the previous session, the benchmark FBM KLCI was up 0.5% for a fifth straight session of gains ahead of the tabling of Budget 2024.
According to Apex, the lower liners extended their gains with the construction sector, up 1.6%, as the biggest winner among the sectors.
-TheStar