Trading ideas: Borneo Oil, Fajarbaru Builder, Atlan, Hume Cement, UEM Sunrise, JAG and EVD

TheStar Fri, Jan 12, 2024 08:29am - 3 months View Original


KUALA LUMPUR: There could be investor attention on the companies including Borneo Oil, Fajarbaru Builder, Atlan, Hume Cement, UEM Sunrise, JAG and EVD, said Apex Securities Research.

Sabah-based gold miner Borneo Oil Bhd has ended its gold-mining venture with Syarikat Ratna Pura Sdn Bhd (SRP) and Ricco Mining Sdn Bhd in Mukim Keratong, Rompin, Pahang, as part of its plans to downsize its mining operations in the state.

The value of Fajarbaru Builder Group Bhd’s contract for the planning phase of the redevelopment of military facilities at the Royal Malaysian Air Force base in Butterworth, Penang has been revised to a higher sum of RM16.26 million from RM7.36 million previously.

Atlan Holdings Bhd's net profit rose 9.48% to RM6.47 million in the third quarter ended Nov 30 (3QFY2024) from RM5.91 million a year ago on the back of higher revenue from the automotive segment.

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