Trading ideas Infomina Techna X Cuscapi Advancecon SCIB TDM Favelle Favco
Trading ideas Infomina Techna X Cuscapi Advancecon SCIB TDM Favelle Favco

Trading ideas: Infomina, Techna-X, Cuscapi, Advancecon, SCIB, TDM, Favelle Favco, Jentayu, APB, Globetronics, Rapid Synergy, YNH Property, Leform and Mercury Securities

KUALA LUMPUR: Companies that could be seeing active trading interest include Infomina, Techna-X, Cuscapi, Advancecon, SCIB, TDM, Favelle Favco, Jentayu, APB, Globetronics, Rapid Synergy, YNH Property, Leform and Mercury Securities, said Apex Securities Research.

Technology solutions provider Infomina Bhd’s net profit for the second quarter ended Nov 30, 2023 (2QFY2024) jumped 77.23% to RM8.95 million from RM5.05 million in the previous year, fuelled by lower administrative expenses and higher revenue.

Techna-X Bhd has acquired a 51% stake in Netsec Sdn Bhd and formed a joint venture with the company, as part of Techna-X’s efforts to improve the cyber security landscape in the country and beyond.

Cuscapi Bhd’s executive chairman Datuk Jayakumar Panneer Selvam has ceased to be a substantial shareholder of the point-of-sale systems provider, after he disposed of 55 million shares or a 5.821% stake.

Advancecon Holdings Bhd has secured RM21.19 million in subcontract works from China Communications Construction (ECRL) Sdn Bhd (CCC-ECRL).

Sarawak Consolidated Industries Bhd (SCIB) is in talks with the Sarawak state government over a potential land acquisition, the company said in response to an unusual market activity (UMA) query issued on Wednesday.

Hillcove Sdn Bhd has ceased to be a substantial shareholder in Excel Force MSC Bhd after it disposed of 24.70 million shares or a 4.42% stake in the financial services business solutions provider.

Plantation and healthcare outfit TDM Bhd, a subsidiary of the Terengganu state government, has invested RM29.1 million to build two hospitals this year.

Construction crane manufacturer Favelle Favco Bhd (FFB) has secured five contracts for the supply of cranes to machinery replacements, worth a combined RM79.4 million.

Besides SCIB, Jentayu Sustainables Bhd, Artroniq Bhd, APB Resources Bhd and Globetronics Technology Bhd also succumbed to heavy selling pressure on Wednesday, making them among Bursa’s top losers of the day.

At the same time, Bursa froze the lower limits of Rapid Synergy Bhd, SCIB and YNH Property Bhd, after they hit limit-downs for two consecutive trading days.

Steel products maker Leform Bhd, which lost over 60% of its share price in the last two days, also told Bursa it has no idea what happened to have caused the UMA.

Mercury Securities Bhd, whose share price plunged as much as 40% to 45 sen from 75 sen on Wednesday, before closing at 45.5 sen, was also issued an UMA query.

Sila Baca Juga

China cracks down on short sales quants

China cracks down on short sales, quants

BEIJING: China took some of its most extreme steps yet to restrict short selling and …