Buying and selling concepts: PA Assets, Bintai Kinden, Cypark Assets, Bintai Kinden, Datasonic, Solarvest and CIMB

KUALA LUMPUR: Shares that might see worth motion on Friday embrace PA Assets, Bintai KindenCypark Assets, Bintai Kinden, Datasonic, Solarvest, CIMB, Time dotCOm, MyNews, Poh Huat, Wong Engineering and Poh Kong, mentioned JF Apex Analysis.

PA Assets has obtained an extra one-year extension of its settlement to produce uncooked supplies to the First Photo voltaic group for the manufacturing of photovoltaic modules.

The prolonged contract is value about RM550mil, and might be efficient till July 1, 2014.

Cypark Assets has bagged an RM74.3mil contract from TTDI KL Metropolis Sdn Bhd to undertake street upgrading and related works alongside Jalan Dutamas 2 right here.

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

Datasonic has obtained an RM22.5mil contract to design, print, provide and ship numerous safety paperwork to the Nationwide Registration Division.

Solarvest has been appointed by NEFIN Group because the engineering, procurement, building, and commissioning options supplier for a rooftop photo voltaic photovoltaic venture involving hypermarket chain Lotus’s Malaysia.

The overall contract worth for the venture is mounted at RM20.1mil.

Solar Life Monetary Inc is nearing an settlement to broaden its partnership in Indonesia with CIMB, primarily based on a information report.

Beneath such an settlement, an insurer usually pays an upfront quantity to promote its merchandise within the financial institution’s branches.

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

Time Dotcom is working with monetary advisers on a strategic overview for Goals Knowledge Middle which will result in a stake sale, primarily based on a information report.

This might elevate about US$500mil to US$600mil for the corporate.

MyNews’s web loss narrowed to RM7.86mil in its 1QFY22, from RM8.94mil a 12 months in the past, on greater income achieved, due to the rise in variety of shops and footfall upon rest of the total lockdown in October 2021.

Poh Huat’s web revenue for 1QFY22 surged to 59.43% yoy, pushed by higher revenue margins; Wong Engineering’s 1QFY22 web revenue slumped 87.92% yoy after its building and property growth section slipped into losses as a result of decrease billings and share of loss from an affiliate firm.

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 costs.


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