2 days ago
Trading ideas: Econpile, LBA, Kelington, Time dotCom, Wang-Zheng, Perdana Petroleum
KUALA LUMPUR: Stocks to watch today include Econpile Holdings Bhd , LB Aluminium Bhd (LBA), Kelington Group Bhd , TIME Dotcom Bhd , Wang-Zheng Bhd , and Perdana Petroleum Bhd following recent corporate announcements.
Econpile, through its wholly-owned subsidiary Econpile (M) Sdn Bhd, has bagged two separate contracts from LFE Engineering Sdn Bhd and LFE Innovative Sdn Bhd for a combined sum of RM57.95mil.
LBA is acquiring a parcel of leasehold industrial land in Banting, Selangor from Lucksoon Coatings Sdn Bhd for RM22mil.
Kelington has signed a memorandum of understanding (MoU) with PETRONAS CCS Solutions Sdn Bhd to explore carbon capture technologies.
Time Dotcom has appointed Loh Jenkim, 53, as group chief executive officer effective Sept 23, 2025, succeeding Afzal Abdul Rahim.
Afzal, 47, will be redesignated to executive vice chairman from group CEO, effective Sept 23.
Wang-Zheng estimates a provisional loss of approximately RM20mil from the fire that had broken out at the factory and warehouse of its wholly-owned subsidiary, Carefeel Cotton Industries (M) Sdn Bhd.
Perdana Petroleum's wholly-owned subsidiary Perdana Nautika Sdn Bhd has secured a charter contract from PTTEP Sabah Oil Ltd for an anchor handling tug and supply (AHTS) vessel.
