Buying and selling concepts: Press Metallic, Ancom, Nylex, LBS Bina, Gabungan AQRS, TDM, Sumatec Sources, Greenyield and Jankun Worldwide

KUALA LUMPUR: Shares to observe for on Tuesday embody Press MetallicAncomNylex, LBS Bina, Gabungan AQRS, TDM, Sumatec SourcesMILF Greenyield and Jankun Worldwide, stated JF Apex Analysis.

Press Metallic plans to lift as much as RM1bil, via the position of as much as 163.4 million new shares or 2% of its issued shares to 3rd get together traders, for use as working capital, capital expenditure and to repay its borrowings.

Ancom has teamed up with its subsidiary Nylex, property developer LBS Bina and two different events to suggest a light-weight rail transport (LRT) system linked with the railway shuttle hyperlink at the moment being constructed from Singapore to Johor Bahru.

Gabungan AQRS has secured a sub-contract value RM31.85mil to hold out sewer pipe relining works underneath sub-package 2 for open excavation and pipe jacking works in Klang and Kuala Langat, Selangor.

TDM has accepted a suggestion from Ikhasas CPO Sdn Bhd to amass two loss-making Indonesian subsidiaries for RM115mil.

Observe Notice 17 (PN17) firm Sumatec Sources shall be delisted from Bursa Malaysia’s Most important Market on Thursday (March 24).

The Tham household, founder and main shareholder of Greenyield, plans to inject their non-public plantation belongings in Papua New Guinea into the agricultural and horticultural product and repair supplier for RM87.81mil.

Jiankun Worldwide stated the three way partnership settlement it had inked with Menara Rezeki Sdn Bhd, associated to the redevelopment of Flat PKNS Jalan Tun Razak in Kampung Baru, has been terminated.

In the meantime, JF Apex expects the FBM KLCI to take a breather and consolidate under the resistance of 1,620 factors following the earlier week’s rebound.

The US market declined in a single day after the Federal Reserve chariman stated larger rates of interest might be wanted to fight inflation.

In Europe, shares ended combined because the Russia-Ukraine conflict coninued to weigh on sentiment.


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