Buying and selling strategies: Prime Glove, My EG, KPower, TH Plantations

KUALA LUMPUR: Prime Glove Company Bhd, My EG Solutions Bhd, Kumpulan Powernet Bhd and TH Plantations are among the shares to enjoy on Thursday subsequent their corporate news, TA Securities Investigate reported.

Top Glove observed a further file-breaking general performance in 1QFY21 with its web financial gain surging about 20 situations to RM2.38bil from RM111.43mil in Q1 2020.

It is envisioned to resume operations at all its 28 glove manufacturing vegetation in Meru, Klang, in the following 2 to 3 months, said chairman Tan Sri Dr Lim Wee Chai.

My EG options to increase up to RM407mil via placement to fund the development of hostels for overseas workers underneath an ongoing task, produce healthcare-related products and services, and to invest in fixed belongings like kiosks for the on-line renewal of car and motorbike road tax under its e-authorities concession business enterprise.

Kumpulan Powernet bagged a RM296mil deal for a mini-hydropower plant in Perak from Kangsar Hidro Sdn Bhd. It is optimistic of reaching its purchase e-book target of RM2bil by calendar year-end.

AWC Bhd has secured a five-calendar year healthcare facility support companies deal from the Health and fitness Ministry well worth RM107.89mil.

Meanwhile, the govt has determined to withdraw the approval of oblique property acquisition by Tamaco Plantation Sdn Bhd from TH Plantations on Dec 4, for even further scrutiny and other things.

Bursa Securities has queried Cymao Holdings Bhd on the sharp increase in its share cost and quantity just lately.

Bukit Hitam Development Sdn Bhd’s Bromelia Phase 1 has accomplished a acquire-up level of 90% due to the fact its launch on Dec 8. Bukit Hitam is the property division of Ayer Holdings Bhd.