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February 26, 2024
PI Global Investments

Trading ideas: Capital A, Eupe, Silver Ridge, Jentayu, Betamek, Edelteq, TSA, LB Aluminium, Tanco, KAB, Heitech Padu and YNH Property

KUALA LUMPUR: Companies that recently made headlines include Capital A, Eupe, Silver Ridge, Jentayu, Betamek, Edelteq, TSA, LB Aluminium, Tanco, KAB, Heitech Padu and YNH Property, said Apex Securities Research.

Capital A Bhd now has up till June 30, 2024 to submit its proposal to regularise its Practice Note 17 (PN17) condition after getting Bursa Malaysia’s approval for another six-month extension.

Property developer Eupe Corp Bhd is purchasing two additional parcels of freehold land in Sungai Petani, located in the Kuala Muda district of Kedah, for RM40.68 million, which will increase the land area around its proposed township for investment.

Silver Ridge Holdings Bhd, whose shares price hit limit down again for a second consecutive day on Friday, revealed that the group is discussing several business proposals in its response to the unusual market activity query issued by Bursa Securities.

Bursa Malaysia Securities Bhd has put a freeze on the lower limit share price for Jentayu Sustainables Bhd after the stock hit the limit down circuit breaker for two days in a row.

Betamek Bhd said investigations by the Malaysian Anti-Corruption Commission (MACC), which summoned its managing director Mirzan Mahathir for questioning, have nothing to do with the company.

Edelteq Holdings Bhd has signed Memoranda of Understanding (MOU) with a Chinese company and a Malaysian outfit to start semiconductor-related businesses locally and abroad.

TSA Group Bhd, which is scheduled to make its ACE Market debut on Feb 2, said its initial public offering (IPO) was oversubscribed by 8.62 times by the Malaysian public.

LB Aluminium Bhd is acquiring two factories and an office on a 4.56-acre freehold parcel of land in Beranang, Selangor, for RM30.42 million cash.

While Tanco Holdings Bhd’s share price had been on a downward spiral, a total of 6.07 million warrants were converted at the exercise price of 31 sen per share.

Sustainable energy specialist Kinergy Advancement Bhd (KAB) will team up with the Philippines’ LCS Holdings Inc to jointly develop and operate a 20 megawatts-peak (MWp) solar photovoltaic (PV) plant in Santa, Ilocos Sur, the Philippines.

Selling pressure has struck technology services provider Heitech Padu Bhd on last Friday, as its share price plunged 29.9% to hit limit-down.

YNH Property Bhd, in which prominent investor Datuk Dr Yu Kuan Chon is the largest shareholder with a 32.6% stake, shared details of a turnkey construction contract (TCA) in relation to a RM150 million land deal in Desa Sri Hartamas in response to a query from Bursa Malaysia.

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