Trading ideas: Marine & General, Yinson, United Malacca, Kim Loong, Scientex, Glomac, SSF Home, MCE and Keyfield
KUALA LUMPUR: Companies making headlines recently include Marine & General, Yinson , United Malacca, Kim Loong, Scientex, Glomac, SSF Home, MCE and Keyfield, said Apex Securities Research.

Marine & General Bhd 's wholly-owned subsidiary M&G Tankers Sdn Bhd has disposed of a vessel, JM Sutera 5, to Kalianda Permata Transport Pte Ltd, Singapore, for US$5.5mil (about RM26.21mil) cash.

Yinson Holdings Bhd’s major shareholder has triggered an unconditional mandatory takeover offer to acquire the remaining shares it does not own in Icon Offshore after purchasing a 50.2% stake in Icon Offshore Bhd for RM172.2 million cash, or 63.5 sen per share.

Plantation outfit United Malacca Bhd has recorded a 49% jump in net profit for the third financial quarter, lifted by an improvement in its Indonesian operations as well as lower investment losses.

Plantation firm Kim Loong Resources Bhd ’s net profit for the fourth quarter ended Jan 31, 2024 (4QFY2024) fell 32.09% to RM24.87 million, from RM36.61 million a year ago on weaker palm oil prices.

Malaysian property developer and packaging company Scientex Bhd ’s net profit climbed 33% in the second quarter from a year earlier thanks to higher progress in billings and sales from new launches.

Glomac Bhd ’s net profit jumped by over 800% to RM3.81 million for its third quarter ended Jan 31, 2024 (3QFY2024), from RM419,000 a year earlier, driven by higher revenue from its property development and property investment business.

Furniture retailer SSF Home Group Bhd announced its maiden dividend of half a sen per share or RM4 million, as the group returned to profit in its third quarter ended Jan 31, 2024 (3QFY2024) on better revenue.

MCE Holdings Bhd , through its wholly-owned unit Multi-Code Electronics Industries (M) Bhd, has secured contracts to supply electronic and mechatronics parts for a Proton car model.

Oil and gas (O&G) services firm Keyfield International Bhd, which primarily charters accommodation vessels, has begun taking orders from investors for its Main Market initial public offering (IPO) that will raise up to RM188.06 million.




Analyst Reports,Trading ideas,Apex,Marine & General,Yinson,United Malacca,Kim Loong,Scientex,Glomac,SSF Home,MCE,Keyfield
KUALA LUMPUR: Companies making headlines recently include Marine & General, Yinson, United Malacca, Kim Loong, Scientex, Glomac, SSF Home, MCE and Keyfield, said Apex Securities Research.