Buying and selling concepts: Barakah Offshore Petroleum, Laptop Kinds, JAG, MQ Know-how, Astro and Cypark

KUALA LUMPUR: Buyers could also be eyeing worth actions in Barakah Offshore PetroleumLaptop Kinds, JAG, MQ Know-how, Astro and Cypark, in keeping with JF Apex Analysis.

Barakah Offshore Petroleum and its subsidiary PBJV Group Bhd have failed of their RM1.02bil declare within the Excessive Courtroom towards Petronas and its exploration arm Petronas Carigali Sdn Bhd.

Laptop Kinds has acquired a discover of an unconditional obligatory takeover supply from main shareholder Datuk Seri Pang Chow Huat to accumulate the remaining shares in Laptop Kinds not owned by Pang for 60 sen per share.

JAG has entered into an settlement with Financial institution Negara Malaysia (BNM) for the acquisition and meltdown of cupronickel and nickel uncooked metals as scrap from the Central Financial institution.

JAG mentioned the whole worth of the settlement is “vital” when it comes to the procurement worth to the corporate for the monetary 12 months ending Dec 31, 2022, but it surely didn’t state any quantity.

MQ Know-how plans to boost RM14.3mil by inserting out as much as 357.46 million new shares representing 40% of its whole issued shares, at a difficulty worth to be decided later.

Astro’s internet revenue for the monetary 12 months ended Jan 31, 2022, fell 24.57% yoy as a consequence of greater license, copyright and royalty charges, employees associated and financing prices.

Cypark’s internet revenue for the primary quarter ended Jan 31, 2022 elevated 5.56% yoy, on decrease recognition of deferred tax bills.

In the meantime, JF Apex mentioned the FBM KLCI may lengthen its positive aspects in the direction of the resistance of 1,620 factors following the constructive momentum.

The US market rose on Friday regardless of March jobs information coming in beneath expectations whereas oil costs dipped beneath US$100 per barrel.

Equally, European shares climbed after March inflation hit a document excessive.


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