News by Surin Murugiah

In a trading stocks note today, the research house said the “higher high” bullish pattern that emerged yesterday may cause the stock to jump further towards hitting RM1.50, followed by the RM1.56 resistance.

In a note Monday (April 11), the research house said it sees some potential trading opportunities as sector valuations are undemanding, at 64% discount to RNAV.

In a statement on Thursday (April 7), the solar PV and earthing and lightning protection specialist said the company's wholly-owned subsidiary Pekat Solar Sdn Bhd (PSSB) has accepted the letter of award from Sun Estates for its appointment as the turnkey engineering, procurement, construction and commissioning (EPCC) contractor for the project.

In a statement on Thursday (March 24), the firm said its unit Kejuruteraan Bintai Kindenko Sdn Bhd (KBK) had accepted two letters of award from TNB, appointing it to be the contractor for both contracts.

In a statement on Friday (March 18), the company said it is acquiring the stake for RM104.4 million, adding that this synergistic acquisition would help the group expand its product range from building materials into high value-added safety glass products, metal roofing, metal door and window frames.

In a statement on Sunday (March 13), the group said its property development subsidiary NCT Platinum Sdn Bhd’s project was previously known as the Genting Valley project comprising 665 bungalow plots over five phases, which was abandoned for almost 17 years by the initial developer.

In a poll released Monday (March 7), online marketplace for lodging, primarily homestays for vacation rentals, Airbnb said 44% of respondents are also likely to host on Airbnb in the next 12 months.

In a trading stocks note today, the research house said if the stock manages to reclaim the area above the RM1.34 recent breakout level, the bullish reversal signal is likely to drive it towards the resistance level of RM1.42 (a recent high), followed by RM1.48.

In a statement Tuesday (March 1), the developer said Phase 1A1 was launched during the second quarter of last year, while Phase 1A2 was soft-launched in January 2022.

She said with artificial intelligence (AI) technology incorporated into the building fabric, energy used to power lights, air conditioning and other electrical equipment can be tuned automatically based on the weather and number of people inside the building.