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Trading ideas: MCE, Berjaya Corp, Ta Win

, Ta Win, LBS Bina, Cypark, Widad, Paragon Glove, Dancomech , Sunway and Brahim, said JP Apex Research. MCE said its wholly-owned subsidiary Multi-Code Electronics Industries (M) Bhd has secured contracts to supply various mechanical parts for new Toyota car models. Berjaya Corp’s CEO Abdul Jalil Abdul Rasheed has bought an additional 66 million shares, raising his stake in the loss-making diversified group to 2.71% or 136 million shares. Ta Win has ventured into the global electric vehicle market, following the appointment of its subsidiary Cyprium Wire Technology Sdn Bhd (CWT) as a global vendor in international technology and mobility company Aptiv plc’s global automotive supply chain. LBS Bina said it has inked a Joint-Venture Agreement (JVA) with the Cameron Highlands District Council for a mixed development project with a gross development value (GDV) of RM1.5bil in Tanah Rata, Cameron Highlands. Cypark’s net profit rose 2.98% to RM14.98 million for the fi

Multi-Code Electronics secures Perodua contracts

Multi-Code Electronics secures Perodua contracts
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MCE secures RM10 2m worth of contracts to supply mechanical parts for Perodua cars

KUALA LUMPUR (March 8): MCE Holdings Bhd’s wholly-owned Multi-Code Electronics Industries (M) Bhd has secured contracts worth RM10.2 million to supply various mechanical parts for new Perodua car models, the group said in a filing exchange today. The supply of these parts is expected to commence in the first quarter of the financial year ending July 31, 2022, for a duration of six years. The estimated total investment cost to undertake the contracts is RM0.51 million.

Bintai Kinden, Chin Hin, Hextar Global, TFP Solutions, Favelle Favco, MCE Holdings, Datasonic, Magni-Tech Industries and Complete Logistics

KUALA LUMPUR (March 8): Based on corporate announcements and news flow today, companies in focus on Tuesday (March 9) may include: Bintai Kinden Corp Bhd, Chin Hin Group Bhd, Hextar Global Group Bhd, TFP Solutions Bhd, Favelle Favco Bhd, MCE Holdings Bhd, Datasonic Group Bhd, Magni-Tech Industries Bhd and Complete Logistics Services Bhd.  Bintai Kinden Corp Bhd’s wholly-owned subsidiary Kejuruteraan Bintai Kindenko Sdn Bhd has bagged a RM9.78 million contract from Tenaga Nasional Bhd (TNB) to undertake the asset replacement and refurbishment for transformer, earthing transformer and reactor to PMU 275/33 KV Grik. Chin Hin Group Bhd has acquired a 31.2% stake in kitchen cabinet manufacturer Signature International Bhd for RM93.6 million cash or RM1.17 per share. Chin Hin group managing director Chiau Haw Choon said the acquisition is in line with its objective of acquiring strategic stakes in companies with potential for future growth.

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