Major corporate events of the week (iFast is buying a bank in UK, Hap Seng is expanding its land bank, Another merger event in SReits)

Here's what we have for the week

Construction Industry

  • Aneka Jaringan Holdings has been awarded a RM 16.1 million contract for the provision of foundation works at a project located at Bukit Jalil
  • HSS Engineers is providing engineering consultancy services for the project “Jambatan Merentasi Sg Marang di Laluan FT003 Jalan Kuala Terengganu – Kuantan
  • Advancecon Sarawak Sdn Bhd is undertaking the earthwork and site clearing work through a contract offered by Yayasan Sarawak.

Utility Industry

  • Sembcorp Industries has signed a long-term power purchase agreement (PPA) to supply 625 megawatts of power to Andhra Pradesh state power distribution companies for 12 years.
  • Ranhill Utilities has been awarded a RM 161 million contract to reduce non-revenue water (NRW) in Pahang and Johor. (Water pipe suppliers may be a beneficiary of this contract)
  • Celcom Networks Sdn Bhd had engaged Opcom holdings for related fiber optic infrastructure works through a 2 years contract. 

Energy and Mining Industry

Real Estate Industry 


  • MSM Sugar has been awarded a contract worth RM 290 million to supply refined sugar to the Coca-Cola Company for both domestic and international production.

Cash Call/ Debt restructuring

  • Sarawak Cable has proposed a debt restructuring plan with his lenders

Significant Event

  • iFast Corporation Ltd, the holding company of Fundsupermart is acquiring a bank in UK.
  • The proposed sale of mm2 Asia’s cinema business to Kingsmead Properties will not be going ahead.
  • Mapletree Commercial Trust will be merging with Mapletree North Asia Commercial Trust.
  • Comintel Corp Bhd is getting a new shareholder.

Company Expansion Plan

  • Grand Venture Technology Ltd is expanding its capacity by acquiring a new manufacturing facility in Penang for RM 13.5 million.
  • VS Industry is allocating RM 150 million to expand its capacity

The full list of company events can be accessed from here.
Companies we are looking at

Trades we are monitoring

  • Short EUR
  • Long agriculture products
  • Long interest rate
  • Long banks due to the interest rate hike
  • Short non-profitable growth stocks
  • A diverging signal between oil price and open interest