CEKD, Scientex, Astro, TM, IOI Properties, Sapura Energy, FGV, Green Packet, Widad, Notion VTec, Karex, Gamuda and Berjaya Corp
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Notion s unit secures US$82 2m contract
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RECENT news about hard disk drive (HDD) maker JCY International Bhd losing a major customer has put investors on the alert. There are concerns that a scaling back on buying by HDD producers as they embark on a rationalisation of their supply chain may hurt the market.
Apart from Johor-based JCY, the two other listed HDD players are Dufu Technology Corp Bhd and Notion VTec Bhd.
Industry experts are of the view that JCY’s announcement does not reflect the situation in the entire HDD market, citing competition and pricing as possible reasons for the JCY customer’s decision. No reason was provided by JCY in its Bursa Malaysia filing on Jan 14 for its customer’s gradual pullout and the company did not respond to The Edge’s requests for comment.
KUALA LUMPUR (Jan 15): Based on corporate announcements and news flow today, stocks that may be in focus on Monday (Jan 18) include: KNM Group Bhd, Kanger International Bhd, SKP Resources Bhd, Batu Kawan Bhd, Chemical Company of Malaysia Bhd (CCM), Daya Materials Bhd, Samaiden Group Bhd, MESB Bhd, Seacera Group Bhd, AT Systemization Bhd, Notion-VTec Bhd, Tenaga Nasional Bhd (TNB), Genting Malaysia Bhd (GenM) and FGV Holdings Bhd.
KNM Group Bhd plans to raise up to RM54.93 million via a private placement to pay off its bank borrowings and to fund some ongoing projects. The process equipment manufacturer aims to issue up to 10% of its share capital or 296.92 million shares, which will be placed out to third-party investors to be identified. It said RM20 million of the proceeds raised will be used to repay bank borrowings, while RM33.63 million will be used to procure raw materials, pay subcontractors and other related expenses for its ongoing contracts in Indonesia, Malaysia and Guyan