Trading ideas: SCGM, Uzma, Econpile Holdings, Pensonic Holdings, Affin Bank, MPHB Capital, JF Technology and G Capital

KUALA LUMPUR: Shares that could see increased buying and selling desire on the back of company news move include SCGM, Uzma, Econpile Holdings, Pensonic Holdings, Affin Financial institution, MPHB Funds, JF Technological know-how and G Funds, explained JF Apex Investigation.

SCGM Bhd is providing its main plastic packaging business to two Japanese firms for RM544.38mil money.

Uzma Bhd’s has secured an EPCC contract truly worth RM101.8mil to produce a 29.99MWac significant scale photo voltaic (LSS) photovoltaic plant challenge in Selangor.

Econpile Holdings Bhd has won a contract truly worth RM37.36mil for substructure will work of a residential undertaking in Pantai Dalam, Kuala Lumpur.

Pensonic Holdings Bhd is providing a piece of land in Penang that has a manufacturing facility designed on it to for RM15.8mil.

Bank Negara Malaysia has permitted Affin Bank Bhd and MPHB Cash Bhd to dispose their insurance policies corporations to Generali Asia NV.

JF Technological innovation Bhd (JF Tech) is buying precision engineering company Ikeda Technology (M) Sdn Bhd’s assets and enterprise for RM4.5mil income.

G Funds Bhd signed a 25-12 months photo voltaic electric power buy arrangement (PPA) with two of Chin Nicely Holdings Bhd‘s units for a 5.38 MWp photo voltaic photovoltaic (PV) creating technique in Bukit Mertajam, Penang.

Meanwhile, JF Apex mentioned the FBM KLCI could retest the support of 1,540 points on the again of bearish momentum.

The US marketplace extended its selldown right away with the S&P hitting a one-12 months minimal owing to persisting considerations over inflation.

Likewise, European shares fell to two-thirty day period lows amid problems in excess of inflation, financial growth and war in Ukraine.