Trading ideas: PA Resources, Bintai Kinden, Cypark Resources, Bintai Kinden, Datasonic, Solarvest and CIMB

Audrey J. Powers

KUALA LUMPUR: Shares that could see price tag movement on Friday include things like PA Assets, Bintai Kinden, Cypark Resources, Bintai Kinden, Datasonic, Solarvest, CIMB, Time dotCOm, MyNews, Poh Huat, Wong Engineering and Poh Kong, said JF Apex Exploration.

PA Methods has acquired a further more 1-year extension of its arrangement to offer raw elements to the To start with Solar team for the manufacturing of photovoltaic modules.

The prolonged deal is truly worth about RM550mil, and will be successful till July 1, 2014.

Cypark Sources has bagged an RM74.3mil agreement from TTDI KL Metropolis Sdn Bhd to undertake road upgrading and associated works along Jalan Dutamas 2 listed here.

Bintai Kinden has secured RM57.4 million worthy of of energy substation and electrical power transformer contracts in Pahang and Selangor from Tenaga Nasional Bhd.

Datasonic has been given an RM22.5mil contract to design and style, print, offer and produce several protection paperwork to the Countrywide Registration Section.

Solarvest has been appointed by NEFIN Team as the engineering, procurement, construction, and commissioning methods service provider for a rooftop photo voltaic photovoltaic task involving hypermarket chain Lotus’s Malaysia.

The whole deal rate for the task is set at RM20.1mil.

Sunlight Existence Money Inc is nearing an arrangement to increase its partnership in Indonesia with CIMB, based on a information report.

Underneath these kinds of an settlement, an insurer normally pays an upfront volume to sell its solutions in the bank’s branches.

A pact could be valued at about US$400mil (about RM1.69bil).

Time Dotcom is doing the job with money advisers on a strategic overview for Aims Info Centre that may perhaps guide to a stake sale, dependent on a news report.

This could elevate about US$500mil to US$600mil for the corporation.

MyNews’s web decline narrowed to RM7.86mil in its 1QFY22, from RM8.94mil a 12 months back, on bigger earnings attained, thanks to the improve in quantity of stores and footfall upon rest of the comprehensive lockdown in Oct 2021.

Poh Huat’s net revenue for 1QFY22 surged 59.43% yoy, pushed by much better earnings margins Wong Engineering’s 1QFY22 internet revenue slumped 87.92% yoy immediately after its building and assets advancement phase slipped into losses due to decreased billings and share of decline from an associate corporation.

Poh Kong reported a 159% yoy leap in web revenue for the second quarter ended Jan 31, 2022 to RM29.35mil, contributed by the uptrend in gold rates.

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