Buying and selling concepts: IHH Healthcare, Supermax, Unisem, United Malacca Plantataions, Wah Seong and Kejuruteraan Asastera

KUALA LUMPUR: Shares that might be the main focus of buyers on Wednesday embody IHH Healthcare, Supermax, Unisem, United Malacca Plantations, Wah Seong and Kejuruteraan Asastera, mentioned JF Apex Analysis.

IHH Healthcare has submitted a confidential, conditional, non-binding and indicative proposal to amass 100% of Ramsay Sime Darby Well being Care Sdn Bhd for RM5.67bil.

Supermax mentioned manufacturing of its first ever manufacturing plant within the US is now anticipated to start someday within the second quarter of 2023, as a substitute of the fourth quarter of 2022 as indicated earlier.

Unisem held a groundbreaking ceremony to commemorate the beginning of building of its new semiconductor manufacturing facility on a chunk of commercial land in Gopeng, Perak.

Unisem mentioned Part 1 of the brand new Gopeng Plant with an mixture constructed up space of ​​about 57,000 sq m with cleanroom amenities, is anticipated to be accomplished in April 2023 at an approximate price of RM300mil.

United Malacca’s web revenue within the third quarter ended Jan 31, 2022 nearly doubled to RM30.24mil in comparison with RM13.73mil in the identical interval final yr, on the again of upper crude palm oil costs.

Wah Seong is promoting its remaining 30% stake in pipe manufacturing unit Spirolite (M) Sdn Bhd to Lesso Malaysia Holdings Sdn Bhd for RM30.8mil, money, as a part of its plan to divest non-core companies throughout the group to streamline its operations and sources.

Kejuruteraan Asastera has inked 5 Rooftop Photo voltaic Energy Producing System Development and Energy Buy Agreements price RM46.8mil with an estimated mixture capability of 4,284 kilowatt-peak (kWp) in Thailand.

In the meantime, JF Apex mentioned the FBM KLCI may climb in the direction of the resistance of 1,620 factors following the optimistic efficiency on Wall Road.

The US market continued to rise after the Federal Reserve chairman’s touch upon inflation and rate of interest hikes.

Equally, European shares superior with banks main the positive aspects following potential charge hikes.


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