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.

Stock news Stock news Reviewed by admin on 6/17/2016 Rating: 5
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