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亚马逊云账号( ideas: Minetech, Mah Sing, Solution Group, Grand Hoover, MSM



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KUALA LUMPUR: Minetech Resources Bhd, Mah Sing Group Bhd, Solution Group Bhd, Grand Hoover Bhd and MSM Malaysia Holdings Bhd are among the stocks to watch on Monday, according to JF Apex Research.

In a report, JF Apex said Minetech Resources is teaming up with a local private company to import and trade processed food products from South Korean food manufacturer Samyang Food Co Ltd.

As such, it is proposing to diversify into the business of food and beverage trading.

The board expects the new business to contribute 25% or more of the group’s net profit or net assets, moving forward.

Mah Sing met its RM1.6bil sales target for the financial year ended Dec 31, 2021 (FY21).

In anticipation of a better year, the group is targeting to launch RM2.4bil worth of properties in 2022, 71% more than the RM1.4bil in new properties launched in 2021.

Solution Group, which has secured conditional approval from the Malaysian government for the Covid-19 vaccine Convidecia (Cansino) to be used as a booster shot for those who received the same vaccine previously, is now working to get Cansino to be approved as a booster for other primary vaccination recipients.

Grand Hoover has bagged three construction contracts worth a total of RM373.83mil from Widad Group Bhd’s unit, Widad Builders Sdn Bhd, in Kelantan and Kedah.

MSM has secured a contract worth an estimated RM290mil to supply refined sugar to The Coca-Cola Company (Coca-Cola) for both domestic and international production.

UMW Holdings ended 2021 on a high note as it sold 72,394 vehicles in 2021, 22% more than the 59,320 it sold in 2020.

VS Industry is putting aside approximately RM150mil in capital expenditure to expand and enhance its capacity and capabilities.

Meanwhile, the US market declined on Friday after a disappointing jobs report and rising bond yields.

Similarly, European stocks declined after Euro zone inflation hit a record high.

“After the recent pullback, the FBM KLCI could trend sideways above the support of 1,515 points,” JF Apex said.



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