Trading ideas: AwanBiru, Ekovest, Jentayu, Sime Darby Property, TSA and Sime Darby

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KUALA LUMPUR: Companies that recently made headlines include AwanBiru, Ekovest, Jentayu, Sime Darby Property, TSA and Sime Darby, said Apex Seccurities Research.


Awanbiru Technology Bhd (Awantech) has secured a three-year contract worth RM4.88 million from the Ministry of Education for the procurement of Learning Management System licence subscription services.
Ekovest Bhd is teaming up with Zhejiang Communications Investment Group Co Ltd (CICO), the largest state-owned enterprise established by the Zhejiang provincial government in China, for the joint exploration and development of infrastructure and other projects in Malaysia.
Jentayu Sustainables Bhd said the Telekosang Hydro 2 hydropower plant in Sabah, with a capacity of 16 megawatts (MW), has attained the feed-in-tariff commencement date (FiTCD) as of Monday. This marks the completion of the 40MW Telekosang Hydro run-of-river project as a whole, the group said in a statement on Wednesday.

Sime Darby Property Bhd’s sukuk musharakah programme was accorded an AA+ rating with a stable outlook by MARC Ratings Bhd for the third consecutive year.


TSA Group Bhd is pricing its shares at 55 sen apiece, seeking to raise some RM42.53 million through an initial public offering (IPO) on Bursa Malaysia’s ACE Market.
Sime Darby Bhd’s takeover bid to acquire the remaining 38.82% stake it does not own in UMW Holdings Bhd at RM5 per share has now become unconditional, after it received more than 50% of the voting shares.

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