Trading ideas: Yinson, MISC, Vantris Energy, Favelle Favco, Insas, Inari, Kinergy Advancement, ETA Group, TSH Resources, EWI Capital, Teck Guan
KUALA LUMPUR: Yinson Holdings Bhd
, MISC Bhd
, Vantris Energy Bhd, Favelle Favco Bhd
, ETA Group Bhd, TSH Resources Bhd
, EWI Capital Bhd and Teck Guan Perdana Bhd
are among the stocks to watch today following their latest corporate developments.
Yinson Legacy Sdn Bhd (YLSB), MISC and the Employees Provident Fund (EPF) remain in talks to privatise Yinson Holdings at an indicative RM2.35 per share.
If completed, MISC and YLSB would hold equal stakes in Yinson, while EPF retains its existing effective shareholding.
Vantris Energy has secured RM1.8bil worth of offshore T&I work orders from PETRONAS Carigali and PTTEP, strengthening its order book with projects running through end-2027.
Favelle Favco has secured RM88.8mil worth of offshore crane contracts from three clients, strengthening its order book and providing earnings visibility through 2027.
Insas is proposing to sell up to a 5.65% stake in Inari Amertron, potentially generating an estimated RM360mil net gain. Proceeds will mainly be used to repay borrowings and fund working capital.
Kinergy Advancement plans to raise up to RM79.75mil via a private placement, with RM49.35mil earmarked for its 1,500MW Perlis power plant. Another RM30mil will go towards repaying bank borrowings.
ETA Group is selling stakes in two food subsidiaries for RM22.73mil as it shifts its focus towards property and construction. The proceeds will mainly fund working capital for its construction and property businesses.
TSH Resources’ 90%-owned Indonesian subsidiary has been slapped with a RM42mil administrative fine by Indonesia’s Forest Area Enforcement Task Force, to be settled in four instalments.
EWI Capital recorded RM44.5mil in sales and reservations for FY2026 to date as it continued monetising its remaining development assets, while pursuing recurring income streams to support a return to profitability.
Teck Guan Perdana’s 2Q net profit surged 205% to RM16.04mil on stronger sales volume and prices, although lower crop production and weather-related risks could weigh on its palm business in the near term.
……Read full article on The Star Online - Business
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