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apple developer account for sale :Trading ideas: Press Metal, MNC Wireless, Genetec, Censof, UEM Sunrise, UMW

admin2021-05-1978

KUALA LUMPUR: Stock to watch on Thursday include Press Metal Aluminium Holdings Bhd, MNC Wireless Bhd, Genetec Technology Bhd, Censof Holdings Bhd, UEM Sunrise Bhd, Hartalega Holdings Bhd, UMW Holdings Bhd, according to JF Apex Research. Press Metal has proposed to undertake a bonus issue of 4.04 billion new ordinary shares on the basis of one bonus share for every one existing share held on an entitlement date to be announced later. MNC Wireless plans to raise about RM20.26mil through a private placement to develop a lifestyle e-commerce platform and for working capital. Genetec Technology said it has secured new orders worth approximately RM59.5mil from new and existing customers. Censof has bagged a RM17.86mil contract to develop a commercial vehicle licensing system for the Transport Ministry. UEM Sunrise has entered into a conditional sale and purchase agreement to buy a 9.93-acre leasehold piece of factory land and the buildings thereon from Dutch Lady in Section 13, Petaling Jaya for RM200mil, with plans to build a RM1.3bil mixed-use development there. Hartalega will be investing RM7bil to build 16 new glove factories in Malaysia's northern region over the next 20 years. UMW Holdings' vehicle sales rose 4.4% month-on-month in February 2021, as sales of UMW Toyota Motor jumped and supported a minor decline in Perodua sales. Bermaz Auto’s net profit in its third quarter ended Jan 31, 2021 rose 21.85% to RM33.08mil from RM27.15mil a year ago on higher local sales of vehicles. Chin Hin Group Property is looking to diversify its business to include construction through the acquisition of a 45% stake in Aima Construction Sdn Bhd for RM31.5mil. Vizione has secured three construction contracts with a cumulative value of RM801mil which it said "considerably enhances" its outstanding order book. Meanwhile, US markets were mixed overnight with the Dow rallying to a record high while the S&P and Nasdaq were flat amid falling bond yields, tame inflation and a new coronavirus stimulus package. Earlier, European stocks advanced as US inflation data eased concerns of higher prices. “Following the positive performances in the US and Europe, the FBM KLCI's bullish momentum could test the resistance of 1,645 points,” JF Apex said.
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