Malaysia Stocks to watch

Pharmaniaga‘s unit Pharmaniaga Logistics Sdn Bhd has received a letter from the Ministry of Health, agreeing in principle for the continuation of medical supply logistics services to the ministry’s facilities for a period of 10 years.

HLT Global has proposed a private placement of between RM66.5 million and RM76.84 million to fund its rubber glove business expansion and for working capital requirements.

Sunway plans to launch a tertiary medical centre as well as a shopping mall in the 1,350-acre integrated Sunway City Ipoh township by 2025.

Luster Industries has said it will subscribe for 81.58 million shares or a 5.55% stake in Aimflex, at 12.67 sen per share or a total sum of RM10.34 million.

Willowglen MSC has been awarded a RM7.7 million contract by Prasarana Malaysia Bhd, for works relating to a supervisory control and data acquisition (SCADA) and closed-circuit television (CCTV) system.

Genetec Technology has inked a memorandum of understanding (MoU) with Thailand-based Asia Precision Public Company Ltd (APCS) to study the feasibility of jointly developing factory automation for energy storage system business in Thailand.

Malaysia News & Highlights

Economics

• EPF investment income for 9M21 up 7.7% y-o-y to RM48b

Company Development and Outlooks

• Genetec inks MoU for proposed partnership in energy storage system business in Thailand
• Jan 27 fixed for decision on Bursa’s bid to compel Serba Dinamik to disclose review findings
• Luster Industries to buy 5.6% stake in Aimflex for RM10.3m
• HLT Global plans to raise up to RM77m via private placement
• Ahead of CNY season, Resorts World Genting announces reopening of vehicle access via Genting Sempah
• TIME plans to buy EPF’s Changkat Raja Chulan building for RM62m
• Sunway to open new hospital, shopping mall in Ipoh by 2025
• Willowglen wins contract from Prasarana for SCADA, CCTV system works

Change in Boardroom and Management

• Top Glove’s Lim Wee Chai resigns as Tropicana chairman
• Nur Jazlan resigns as Fast Energy chairman

Source: https://www.apexsec.com.my/