Trading ideas: SCGM, Uzma, Econpile Holdings, Pensonic Holdings, Affin Bank, MPHB Capital, JF Technology and G Capital

KUALA LUMPUR: Stocks that could see increased investing interest on the back again of company news stream include things like SCGM, Uzma, Econpile Holdings, Pensonic Holdings, Affin Bank, MPHB Cash, JF Technological innovation and G Cash, stated JF Apex Investigate.

SCGM Bhd is marketing its main plastic packaging small business to two Japanese firms for RM544.38mil funds.

Uzma Bhd’s has secured an EPCC contract worth RM101.8mil to acquire a 29.99MWac substantial scale solar (LSS) photovoltaic plant project in Selangor.

Econpile Holdings Bhd has gained a contract value RM37.36mil for substructure is effective of a residential undertaking in Pantai Dalam, Kuala Lumpur.

Pensonic Holdings Bhd is offering a piece of land in Penang that has a manufacturing unit designed on it to for RM15.8mil.

Bank Negara Malaysia has authorized Affin Lender Bhd and MPHB Funds Bhd to dispose their coverage organizations to Generali Asia NV.

JF Technological know-how Bhd (JF Tech) is acquiring precision engineering supplier Ikeda Technological know-how (M) Sdn Bhd’s property and business for RM4.5mil cash.

G Money Bhd signed a 25-12 months solar ability acquire agreement (PPA) with two of Chin Well Holdings Bhd‘s units for a 5.38 MWp solar photovoltaic (PV) building process in Bukit Mertajam, Penang.

Meanwhile, JF Apex claimed the FBM KLCI could retest the help of 1,540 factors on the back of bearish momentum.

The US current market prolonged its selldown right away with the S&P hitting a one-year very low thanks to persisting issues above inflation.

Likewise, European shares fell to two-month lows amid fears more than inflation, financial growth and war in Ukraine.