KUALA LUMPUR (Sept 25): Based on news flow and corporate announcements today, these stocks could attract interest among investors tomorrow (Sept 26): Tanjung Offshore, Ivory, Econpile, Asia Bioenergy, GPA Holdings and WZ Satu.

Tanjung Offshore Bhd has secured a RM200 million engineering, procurement, installation and commissioning (EPIC) contract from Petronas Carigali Sdn Bhd.

The contract, which was awarded through the group’s wholly-owned subsidiary Tanjung Offshore Services Sdn Bhd has duration of three years beginning Sept 05, 2014, with an option to extend for an additional one year until Sept 05, 2018.

The contract comprises the provision of EPIC of facilities for the ORIGINS (operational reliability and integrity gauging of instrument based safeguards) project that covers both Peninsular Malaysia and East Malaysia.

Meanwhile, Tanjung closed 2 sen lower at 52 sen today, with a market capitalisation of RM193.4 million.

Ivory Properties Bhd announced that its wholly-owned subsidiary Ivory Residence Sdn Bhd (IRSB) has entered into a joint venture agreement (JVA) with JB Lee Properties Sdn Bhd (JBLee), to jointly develop a mixed development project in Johor Bahru, with an estimated gross development value of RM2 billion.

The proposed development sits on some 7.1-acre freehold agriculture land in Plentong, Johor Bahru. Under the JVA, JBLee is entitled to 25% of the proceeds of sale of the units — commercial or residential — in the development.

Ivory said the proposed development is in line with the group's strategy of expanding its reach outside Penang.

The stock closed 0.5 sen lower at 59 sen today, with a market capitalisation of RM262.9 million.

Econpile Holdings Bhd announced that its wholly-owned subsidiary Econpile (M) Sdn Bhd has received a letter of award from Cipta Klasik (M) Sdn Bhd, for a contract sum of approximately RM35.4 million.

The contract comprises earthworks, bored piling, contiguous bored pile and basement substructure works of a service apartment project at Lot 218 and Lot 256, Seksyen 63, Lorong Stonor, Kuala Lumpur.

The contract is expected to commence on Oct 07, with duration of 15 months.

For the financial year ended June 30, 2014 (FY14), Econpile reported a net profit of RM31.02 million on revenue of RM418.69 million.

Its share price closed 1 sen lower at RM1.08 today, giving it a market capitalisation of RM577.8 million.

Pelaburan Mara Bhd has emerged in loss-making Asia Bioenergy Technologies Bhd — a business incubator for biofuel producers.

A filing with Bursa Malaysia showed that Pelaburan Mara bought 18.32 million shares or a 2.18% stake in Asia Bioenergy on the open market, on Sept 17.

No price was included in the filing. However, Bloomberg data showed Asia Bioenergy was traded in the range of nine sen and 10.5 sen on the said date.

With the purchase, Pelaburan Mara now holds 58.32 million or 6.94% Asia Bioenergy shares.

Pelaburan Mara has recently attracted attention, with its investments into penny stocks such as PDZ Holdings Bhd and Sanichi Technology Bhd.

Asia Bioenergy closed 0.5 sen higher at 17.5 sen, with a market capitalisation of RM147 million.

GPA Holdings Bhd, an automotive batteries manufacturer which is 23.26% owned by Tan Sri Robert Tan Hua Choon, hopes to return to the black in its financial year ending March 31, 2015 (FY15), after making losses in the past three financial years.

Eddie Tan Han Chuan, chairman of GPA, said the group will be focusing on non-automotive segment which provides better margins, and also on strengthening its foothold in foreign markets.

The stock closed 0.5 sen lower at 12 sen today, with a market capitalisation of RM94.1 million.

WZ Satu Bhd’s net profit for the quarter ended July 31, 2014, leaped to RM8.04 million from RM100,000 in the previous corresponding quarter, due to maiden contributions from its newly-acquired construction subsidiary WZS KenKeong Sdn Bhd, and its mining associate SE Satu Sdn Bhd.

Revenue for the quarter also surged threefold to RM62.7 million, from RM20.9 million in the same period.

For the 15-month period ended July 31, the group recorded a net profit of RM8.7 million on the back of RM152.4 million in revenue; the group changed its financial year ending period to Aug 31, 2014, instead of April 30, 2014 earlier this year.

"The surge in both revenue and profit after tax were due to contribution of 15-month period as compared with 12-month period, and contributions from both the construction subsidiary and mining associate," it said.

Looking forward, WZ Satu said it expects a meaningful contribution to the group's financial performance, once the acquisition of its oil & gas asset is completed in the first quarter next year.

The stock closed unchanged at RM2.12 today, with a market capitalisation of RM402.8 million.