Stock news

*June 16*

*DOW J*: ⬆92.93

*WTI CRUDE OIL*:  45.94


*USD/MYR*:  4.10


* *AEM* has entered into an agreement with JMT Kelantan Baru Sdn Bhd, which will pave the way for it to venture into the growing renewable energy industry.

**MBWorld* plans to dispose of 19 units of serviced apartments in Pinnacle Tower, Johor Bahru, for RM18.6 million to generate revenue and cashflow for the group.

**EPF* has emerged as a substantial shareholder in *DKSH*, with a 5.02% stake.

**ARREIT* is acquiring a land together with a four-storey office building in Cyberjaya, for RM40 million.

**BTECH* plans to acquire a single-storey semi-detached factory with a mezzanine office in Alor Gajah, Melaka, for RM901,000 for future expansion and potential capital appreciation.

**SUNWAY* expects to sustain its revenue for the FY16 ending, despite the challenges ahead, said its executive chairman Tan Sri Dr Jeffrey Cheah.

*Emir Oil LLP, the target of a proposed qualifying asset (QA) acquisition by *REACH*, has found oil and gas bearing reservoirs in its first exploration well in the Aidai Block in the southwestern region of Kazakhstan.

**KNM* said it is focusing on improving its income base, to generate more recurrent revenue amid the uncertain global economic environment.

**PMETAL* is targeting a RM6 billion turnover for the financial FY16 ending, said its group chief executive officer Datuk Koon Poh Keong after the group's annual general meeting.

**MUDAJAYA* has submitted RM8 billion worth of construction tenders this year, of which RM3 billion is related to power plant construction — a field that it believes it specialises in and has fewer competition.

**MAHSING is exploring more land acquisition and joint venture (JV) opportunities with the federal government, as well as state governments, to grow its earnings.