KUALA LUMPUR (March 5): Based on corporate announcements and news flow today, companies that may be in focus tomorrow may include the following: Careplus Group Berhad, Pentamaster Corporation Berhad, Dagang NeXchange Berhad (DNeX) and UWC Berhad

Careplus Group Bhd has determined the final disposal consideration for its 50% stake in loss-making subsidiary Careplus (M) Sdn Bhd (CMSB) at RM26.97 million versus its previous indicative consideration of RM26.81 million.

On Feb 5, the company proposed a joint venture with Ansell Services (Asia) Sdn Bhd, in which the latter will acquire the 50% stake, comprising 14.55 million shares. Careplus is expected to record a pro forma gain on the proposed disposal of RM16.3 million.

Automated test equipment manufacturer, Pentamaster Corporation Berhad has proposed a one-for-two bonus issue of up to 237.43 million new shares to be undertaken at a date to be determined later.

The group said barring any unforeseen circumstances the exercise is expected to be completed before the end of June.

Dagang NeXchange Bhd (DNeX) has secured a five-year pan Malaysia umbrella contract from Petronas Carigali Sdn Bhd for drilling works, which involve providing equipment and services for directional drilling, measurement while drilling, and logging while drilling.

The contract, which was awarded to its 97.54%-owned unit DNEX Oilfield Services Sdn Bhd, is on a call out basis until Jan 15, 2025.

Integrated engineering supporting services provider UWC Bhd’s net profit surged 18.7% to RM13.31 million for the second quarter ended 31 Jan, 2020 compared with RM11.21 million in the previous quarter.

There are no comparative figures for the corresponding period of the preceding year as this is the fourth interim financial report on the consolidated results for the period ended Jan 31, 2020.

Revenue was up 17.1% to RM54.93 million from RM46.91 million in the previous quarter.

The group’s net profit for the six months ended Jan 31 amounted to RM24.53 million with revenue at RM101.84 million, mainly attributed to the stronger demand for its test equipment from semiconductor and life science industries.