KUALA LUMPUR (Oct 14): Based on news flow and corporate announcements today, stocks in focus tomorrow (Wednesday, Oct 15) could include Sarawak Consolidated, CLIQ Energy, Melati Ehsan, Spritzer, RCE Capital and CBIP.
Sandakan-based entrepreneur Andrew Lim Nyuk Foh has emerged as a substantial shareholder of concrete products manufacturer Sarawak Consolidated Industries Bhd (SCIB), with 23.47% stake.
In a filing with Bursa Malaysia this evening, SCIB said Lim had acquired 13.235 million shares or 17.99% direct stake in the off market last Friday (Oct 10). Subsequently on Monday (Oct 13), Lim mopped up another 4.036 million shares in SCIB.
After the off market deals, Lim now owns 17.271 million shares or a 23.47% direct stake in SCIB.
Credit Suisse Group AG has emerged as a substantial shareholder in CLIQ Energy Bhd, after acquiring 5.024% stake in the latter.
CLIQ Energy, an oil and gas special purpose acquisition company, told Bursa Malaysia today that Credit Suisse had acquired the stake comprising 31.7 million, last Thursday (Oct 9).
According to CLIQ, the purchase by Credit Suisse was an "open market investment" for the latter.
Melati Ehsan Holdings Bhd has bagged a RM59.5 million contract for additional road work scope from Kg Kechur to Kg Seberai, Jelai, Pahang, from the Public Works Department (JKR).
In a filing with Bursa Malaysia today, Melati Ehsan said its wholly-owned unit, Pembinaan Kery Sdn Bhd, has accepted a letter of award from JKR for the additional work scope.
The additional works are related to Package 3 of the Central Spine Road project, which stretches from Gua Musang, Kelantan to Kg Relong, Pahang.
Melati said the contract is for a period of 24 months, to be completed on Oct 7, 2016.
Bottled water manufacturer Spritzer Bhd recorded a 27.5% increase in its first quarter net profit ended Aug 31, 2014 (1QFY15) to RM6.67 million or 4.91 sen a share, on higher sales volume, better average selling price, as well as reduction in packaging material cost.
Revenue grew 12.1% to RM62.38 million, from RM55.66 million, which the group attributed to higher sales volume as a result of prolonged dry weather, as well as increase in average selling prices.
RCE Capital Bhd has acquired Strategi Interaksi Sdn Bhd (SISB), which owns the entire equity of payroll collection systems provider EXP Payment Sdn Bhd, for RM20,000.
“The acquisition is not expected to have any material effect on the gearing, earnings per share and net assets per share of RCE, for the financial year ending 31 March 2015,” RCE said.
CB Industrial Product Holding Bhd’s (CBIP) wholly-owned unit has bagged two contracts worth a total of RM105.5 million, to build one palm oil mill in Malaysia and another in Papua New Guinea.
In a statement to Bursa Malaysia, the palm oil mill equipment and parts manufacturer said its wholly-owned subsidiary, Modipalm Engineering Sdn Bhd, entered into the contracts with Vanimo Green Palm Oil Mill Ltd and Merchong Palm Oil Mill Sdn Bhd, on Sept 8 and Oct 13 respectively.
Vanimo Green and Merchong are subsidiary companies of the Prosper Group.
As stipulated in the contracts, CBIP will design, manufacture, supply, install, test and commission the civil, mechanical and electrical works for a 60MT/hour Modipalm Continuous Sterilisation palm oil mill.