Trading ideas: Cahya Mata Sarawak, Berjaya Food, Widad Group, British American Tobacco, UOA REIT and Unitrade

KUALA LUMPUR: Stocks with the latest corporate bulletins incorporate Cahya Mata Sarawak, Berjaya Food items, Widad Group, British American Tobacco, UOA REIT and Unitrade Industries, mentioned JF Apex Analysis.

Cahya Mata Sarawak Bhd is suing its previous govt director and five other individuals for alleged breaches of fiduciary responsibilities similar to the development of an built-in phosphate additives plant in Samalaju, Sarawak.

CMS incurred RM67.57mil in losses owing to a deficiency of thanks diligence carried out.

Berjaya Foodstuff Bhd’s board of administrators has recommended shareholders to approve the group’s proposed bonus situation of up to 1.56 billion shares on the foundation of 4 reward shares for every single a single share held.

Widad Team Bhd options to increase RM86.85mil through a private placement at an indicative difficulty price tag of 33.5 sen per share mostly for acquisitions and debt repayment.

British American Tobacco (Malaysia) Bhd’s internet financial gain for the 2Q22 improved by 2.3% YoY to RM73.25mil.

UOA Real Estate Financial investment Believe in observed its internet rental income for 2Q22 fall by 1.5% YoY to RM21.72mil.

Unitrade Industries Bhd has proposed a first and last dividend of .82 sen for every share for its economic year ended March 31, 2022.

Meanwhile, JF Apex stated the FBM KLCI is envisioned to extend its rebound in the direction of the resistance of 1,460 points on the again of bullish Wall Road momentum.

The US market extended its gains next despite initial jobless promises increasing to its greatest in 8 months as the corporate earnings season proceeds.

European shares also finished bigger as the European Central Financial institution introduced its very first amount hike in 11 decades.

Rebecca R. Ammons

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