KUALA LUMPUR (Nov 12): Based on corporate announcements and news flow today, companies that may be in focus on tomorrow (Friday, Nov 13) could include the following: Supermax, StemLife, Inari Amertron, OWG, Stone Master, LBS Bina, Instacom, Selangor Dredging, WCT and Ahmad Zaki Resources.

Supermax Corp Bhd's receipt of a licence to supply medical gloves to the National Health Service (NHS) in the United Kingdom (UK) is expected to contribute positively to its earnings and net assets for four years from the financial year ending June 30, 2017.

In a filing with Bursa Malaysia today, Supermax said its UK-based wholly-owned Supermax Healthcare Ltd was awarded the licence by NHS, which covers every UK hospital.

Through the award, Supermax would be able to benefit from the business that sees an annual medical glove consumption worth about £50 million (RM332 million).

StemLife Bhd has received a conditional takeover offer from its largest shareholder Cordlife Group Ltd for 45 sen cash per share for the remainder stake the latter does not own; the offer is 2.5 sen or 5.88% higher than StemLife's closing price of 42.5 sen on the open market today.

StemLife's board announced via Bursa today that it will hold a board meeting to deliberate on the offer and make an announcement in due course.

In the attached offer document, adviser Maybank Investment Bank Bhd (Maybank IB) said the takeover offer is conditional upon the Singapore-listed cord blood bank getting more than 50% of voting shares or voting rights of StemLife in 21 days after the posting of the offer document today.

If Cordlife secures a 75% stake or more in StemLife, it does not intend to maintain StemLife's listing status and "does not intend to address any shortfall to meet the public spread requirement".

Cordlife triggered the mandatory general offer today after increasing its shareholding in StemLife to 33.03% today from 31.81% previously, in an off-market deal for 45 sen per share or RM1.35 million in total, said Maybank IB.

Favourable US dollar exchange movements pulled up Inari Amertron Bhd's net profit by 34.8% to RM45.5 million in its first quarter ended Sept 30, 2015 (1QFY16), compared with RM33.8 million last year.

For the same reason, its revenue for the latest quarter grew by 24% to RM274.9 million from RM221.9 million in 1QFY15, its filing to Bursa today showed.

It also announced a dividend payout of 2.8 sen, comprising a first single-tier interim dividend of 2.3 sen and a special single-tier dividend of 0.5 sen, which is payable on Dec 16.

Only World Group Holdings Bhd (OWG) has proposed a bonus issue of 37 million new shares of 50 sen each on the basis of one bonus share for every five existing shares on an entitlement date to be fixed and announced later.

In a filing with Bursa today, OWG said besides rewarding shareholders, it also wants to grow its capital base to a level that would be more reflective of the current scale of its operations and assets.

The proposed bonus issue will be implemented by way of capitalisation of up to RM18.5 million from the company's share premium account.

As at Nov 11, its authorised share capital stood at RM92.5 million comprising 185 million shares of 50 sen each.

After the bonus issue, that will swell to RM111 million, comprising 222 million shares.

Stone Master Corporation Bhd (SMCB) has signed a framework agreement (FA) with LBS Bina Group Bhd to offer its products and services coupled with interest free vendor financing services to property developer LBS Bina for 18 months.

Pursuant to the FA, both parties are expected to enter into separate vendor financing agreement (VFA) in respect of suitable development projects, according to filings by SMCB and LBS Bina to Bursa.

Under the FA, LBS Bina shall engage SMCB as its direct contractor or nominated subcontractor in relation to the products and services for selected development projects.

Pursuant to the VFA, SMCB would allocate a credit limit of up to RM300 million and be on standby for the application by LBS Bina for such development projects over the span of the availability period.

Instacom Group Bhd has clinched a RM29 million contract for the installation of telecommunication towers across 30 hub sites in Perak, Negeri Sembilan and Sabah.

According to its filing with Bursa, the contract was awarded by Teras Millenium Sdn Bhd to Instacom Engineering Sdn Bhd, a subsidiary of Instacom.

Selangor Dredging Bhd's (SDB) associate company SDB Guernsey Ltd has entered into a sale and purchase agreement (SPA) with AL.AN SA for the sale SDB Guernsey's freehold four-storey building in London.

According to SDB's filing, the property, which is currently let to HSBC Bank Plc on a 15-year full repairing and insuring lease, will be sold for £13 million (RM85.8 million). It said the figure was agreed on based on independent valuer Knight Frank LLP's fair value of £11 million (RM72.6 million).

"The consolidated earnings and net asset will increase by RM6 million while earnings per share will increase by 1.4 sen for the financial year ending March 31, 2016 (FY16) for the SDB group, arising from the profit of the disposal," said SDB.

WCT Holdings Bhd's wholly-owned subsidiary WCT Bhd has secured a RM315.6 million job for the engineering, procurement, construction and commissioning (EPCC) of substations from national oil company Petroliam Nasional Bhd (Petronas).

In a filing with Bursa today, the group said WCT had received a letter of award from Petronas' subsidiary PRPC Utilities and Facilities Sdn Bhd for the "utilities, interconnecting and offsite facilities: EPCC of substations, field auxiliary rooms, operator shelter building and local control building".

The contract is expected to be completed in 33 months, and the job should contribute positively to its future earnings and net assets, WCT Holdings said.

Kwasa Land Sdn Bhd, the master developer for the 2,330-acre Kwasa Damansara township, has appointed Ahmad Zaki Resources Bhd and Getrahome Sdn Bhd to build residential units in the project.

Kwasa Land said in a statement today that they were selected out of 21 pre-qualified bumiputera developers. Spanning 3.91 acres, the proposed project features 188 units of 162 twin tower condominiums and 26 units of garden villas.

"The total land cost tendered by Ahmad Zaki was at RM28.95 million or RM170 per sq ft. In addition, Ahmad Zaki offered 10% of its gross sales value of the project as revenue sharing," said Kwasa Land.

(Note: The Edge Research’s fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)