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Trading ideas: Yenher, Kejuruteraan Asastera, Nestcon, Sime Darby Plantation

Yenher makes its listing debut today in the Main market of Bursa Malaysia. Kejuruteraan Asastera is partnering with the Philippines-based LCS Holdings Inc and ATS Venture Group Sdn Bhd to build and operate a telecommunication tower project in the Philippines. Nestcon has bagged a RM31.34mil contract to carry out rock stabilisation works at a mixed development on a 61-acre site in Damansara Perdana. Two experts on Sime Darby Plantation s human rights commission said they had resigned from the panel due to lack of transparency, in a potential setback for the company s efforts to overturn a US import ban. WCT said its wholly-owned subsidiary WCT Bhd (WCTB) and Meydan Group LLC have entered into a settlement agreement under which Meydan will pay WCTB 726.57 million United Arab Emirates dirham (RM828.25mil) in a full settlement linked to the Nad Al Sheba Dubai Racecourse contract dispute between both parties.

Eco World, UEM Sunrise, George Kent, Chin Hin Group, WCT, Greatech, HeiTech Padu, Aeon Credit, Dayang Enterprise, Landmarks, PetDag, Maxis, GenM, AE Multi, PNE PCB and Wintoni

KUALA LUMPUR (Jan 13): Based on corporate announcements and news flow today, stocks that may be in focus tomorrow (Jan 14) include: Eco World Development Group Bhd, UEM Sunrise Bhd, George Kent (Malaysia) Bhd, Chin Hin Group Property Bhd, WCT Holdings Bhd, Greatech Technology Bhd, HeiTech Padu Bhd, Aeon Credit Service (M) Bhd, Dayang Enterprise Holdings Bhd, Landmarks Bhd, Petronas Dagangan Bhd, Maxis Bhd, Genting Malaysia Bhd, AE Multi Holdings Bhd, PNE PCB Bhd and Wintoni Group Bhd. Eco World Development Group Bhd (EcoWorld) said the property developer’s board has decided not to pursue the proposed merger with rival UEM Sunrise Bhd following careful evaluation of the merger alongside EcoWorld’s own business plans and the current challenging environment with the re-implementation of the Movement Control Order (MCO). EcoWorld said that since the last announcement on Dec 30, 2020 regarding the proposed merger, the parties involved had been engaged in discussions with a view tow

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