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

KUALA LUMPUR: Stocks with current corporate announcements consist of Cahya Mata Sarawak, Berjaya Food, Widad Team, British American Tobacco, UOA REIT and Unitrade Industries, mentioned JF Apex Study.

Cahya Mata Sarawak Bhd is suing its former government director and 5 many others for alleged breaches of fiduciary responsibilities connected to the building of an integrated phosphate additives plant in Samalaju, Sarawak.

CMS incurred RM67.57mil in losses because of to a lack of owing diligence undertaken.

Berjaya Food stuff Bhd’s board of administrators has suggested shareholders to approve the group’s proposed reward concern of up to 1.56 billion shares on the foundation of four bonus shares for every one share held.

Widad Group Bhd strategies to raise RM86.85mil by using a private placement at an indicative challenge price tag of 33.5 sen per share mostly for acquisitions and debt repayment.

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

UOA Real Estate Financial commitment Have faith in noticed its internet rental profits for 2Q22 tumble by 1.5% YoY to RM21.72mil.

Unitrade Industries Bhd has proposed a very first and closing dividend of .82 sen for every share for its fiscal yr ended March 31, 2022.

Meanwhile, JF Apex explained the FBM KLCI is envisioned to extend its rebound towards the resistance of 1,460 points on the again of bullish Wall Street momentum.

The US market extended its gains next regardless of original jobless statements growing to its highest in eight months as the corporate earnings period carries on.

European shares also finished increased as the European Central Financial institution introduced its 1st price hike in 11 years.