Malaysia: Stocks to watch
Sam Engineering has proposed a bonus issue of 406.05 million shares on the basis of three new shares for every share held.
Reach Energy said its unit Emir-Oil LLP which is located in the Republic of Kazakhstan might be affected by the country’s recent state of emergency declaration.
It said the cumulative effects might contribute to a shortfall and impact the company financially and operationally. However, it is unable to ascertain the full financial and operational impact at this juncture due to the uncertain situation in Kazakhstan.
Samaiden has teamed up with a Sarawak-based firm to provide solutions for the renewable energy market in East Malaysia.
Samaiden said that under the three-year deal with Sinowaja (Malaysia) Sdn Bhd, the two parties will initially focus on projects related to solar photovoltaic, as well as smart or microgrid systems.
SMTrack says it is in the early stages of negotiation with a government-linked company (GLC). No agreement had been reached at this juncture it says. It was responding to a news report that a GLC is eyeing a 10% stake in the radio-frequency identification (RFID) company.
Serba Dinamik has slipped into Practice Note 17 (PN17) status after its external auditor Nexia SSY PLT expressed a disclaimer of opinion on its audited financial statements for the 18-month period ended June 30, 2021.
Company Development and Outlooks
- Pecca plans three-for-one bonus issue
- SMTrack confirms it is in talks with a GLC eyeing a stake in the company
- Reach Energy says Kazakhstan’s state of emergency might affect unit
- Samaiden partners with Sinowaja to tap into East Malaysia’s renewable energy space
- Sam Engineering proposes three-for-one bonus issue
- Daibochi to trade under new name Scientex Packaging (Ayer Keroh) Bhd from Jan 7
- Lion Industries buys leasehold agriculture land in Sepang for RM23m
- FGV issues first tranche of RM500m sukuk programme
- Serba Dinamik slips into PN17 status as auditor expresses disclaimer of opinion on accounts