Trading ideas: Atrium REIT, TH Plantations, Minetech Resources, MMIS, G Capital, Harn Len Corp, Industronics, MGRC and Westports

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KUALA LUMPUR: Stocks that may get more investor attention on Tuesday include Atrium REIT, TH Plantations, Minetech Resources, MMIS, G CapitalHarn Len Corp, Industronics, MGRC and Westports, said JF Apex Ressearch.

Atrium REIT has offered to raise up to RM85.3 million through a private placement and special issue of units to principal unitholder Chan Kam Tuck at an indicative issue price of RM1.40 per unit.

TH Plantations Bhd issued sukuk wakalah with a face value of RM300 million.

Minetech Resources Bhd said the RM30.4 million sub-contract for the construction of a secondary school in Perak had been mutually terminated.

MMIS Bhd purchases an industrial land of 40,054 square meters with buildings in Pusing, Perak, for RM11.5 million for expansion.

G Capital Bhd has bagged Letter of Award (LoA) worth RM7.05mil for non-revenue water (NRW) project in Pulau Langkawi.

Harn Len Corporation Bhd buys agricultural land in Johor Bahru for RM4.5 million to increase its land bank.

Industronics Bhd proposed a two-for-one rights issue at an indicative price of eight sen per share to raise up to RM70mil.

Malaysian Genome Resource Center Bhd offered to raise RM9.88 million via a private placement, Westports Holdings BThd said it had overfunded deferred tax liabilities by RM17 million in 1QFY22 and would be reversed in the financial results in 2QFY22 .

Meanwhile, JF Apex expects FBM KLCI to come under pressure with support at 1,400 points following the bearish performance on Wall Street.

The U.S. market plunged overnight as investors wary of tomorrow’s inflation data and this week’s upcoming earnings season.

Similarly, European stocks fell after being dominated by car counters following the resignation of the British Prime Minister.


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