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apple developer account:Trading ideas: Top Glove, My EG, KPower, TH Plantations

admin2020-12-1118

KUALA LUMPUR: Top Glove Corporation Bhd, My EG Services Bhd, Kumpulan Powernet Bhd and TH Plantations are among the stocks to watch on Thursday following their corporate news, TA Securities Research said.Top Glove saw another record-breaking performance in 1QFY21 with its net profit surging over 20 times to RM2.38bil from RM111.43mil in Q1 2020.It is expected to resume operations at all its 28 glove manufacturing plants in Meru, Klang, within the next 2 to 3 weeks, said chairman Tan Sri Dr Lim Wee Chai.My EG plans to raise up to RM407mil via placement to fund the development of hostels for foreign workers under an ongoing project, develop healthcare-related services, and to buy fixed assets like kiosks for the online renewal of car and motorcycle road tax under its e-government concession business.Kumpulan Powernet bagged a RM296mil contract for a mini-hydropower plant in Perak from Kangsar Hidro Sdn Bhd. It is optimistic of achieving its order book target of RM2bil by year-end.AWC Bhd has secured a five-year hospital support services contract from the Health Ministry worth RM107.89mil.Meanwhile, the government has decided to withdraw the approval of indirect property acquisition by Tamaco Plantation Sdn Bhd from TH Plantations on Dec 4, for further scrutiny and other factors.Bursa Securities has queried Cymao Holdings Bhd on the sharp rise in its share price and volume recently.Bukit Hitam Development Sdn Bhd's Bromelia Phase 1 has achieved a take-up rate of 90% since its launch on Dec 8. Bukit Hitam is the property division of Ayer Holdings Bhd.
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