Trading ideas: Gamuda, MYEG, Ranhill Utilities, Chin Teck, Barakah, BAT, KNM, Sasbadi, Mitraya and Dnex

TheStar Tue, Oct 31, 2023 08:46am - 6 months View Original


KUALA LUMPUR: Companies recently making headlines include Gamuda, MYEG, Ranhill Utilities, Chin Teck, Barakah, BAT, KNM, Sasbadi, Mitraya and Dnex, said Apex Securities.

Gamuda Bhd has inked a joint venture (JV) agreement with Sabah Energy Corporation Sdn Bhd and Kerjaya Kagum Hitech JV Sdn Bhd to form a JV company, UPP Holdings Sdn Bhd.

MyEG Services Bhd has received a three-year contract extension from the Road Transport Department (JPJ) of its appointment as a collecting agent for the provision of vehicle registration services, driver and vehicle licensing, and electronic payment of summons services.

Ranhill Utilities Bhd plans to team up with China Energy International Group Co Ltd (CEIG) for the proposed development of a public-private regional drinking water supply facility project in Indonesia.

Chin Teck Plantations Bhd’s net profit for the full year ended Aug 31, 2023 (FY2023) dropped 50.36% to RM53.37 million, compared with RM107.52 million in the previous year, underpinned by higher administrative expenses and lower revenue.

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