Here's what we have for the week.

CORPORATE EVENTS

1. Dagang Nexchange Bhd (Dnex) won the bid to acquire SilTerra from Khazanah Nasional.

2. Techna-X Bhd acquired a 25% stake in Mbits Digital Sdn Bhd for RM 12.5 mil. The company is involved in operating an IPTV station.

3. Eonmetall Group Bhd is restructuring where Lienteh Technology Sdn Bhd will undertake a reverse takeover action for this company.

4. G Capital Bhd is venturing into the solar business.

5. Connectcounty Holdings Bhd is disposing of its loss-making business for USD 1. Take a closer look into this company as a massive restructuring is expected ahead.

6. Malayan Flour Mill Bhd dispose of 49% equity interest in frozen food manufacturing firm, Dindings Supreme Sdn Bhd to Tyson Food for RM 420 million.

PROPERTY NEWS

1. Awanbiru Technology Bhd, fka Prestariang Bhd sold off its corporate office in Cyberjaya to Serba Dinamik Group for RM 24.2 million.

2. Chin Hin Group Property acquired another piece of land this week. The latest transaction is located in Cyberjaya spanning 11.53 acres.

3. Oriental Interest Bhd, who had disposed a large tract of land recently to the developer of Desa Park City is replenishing its land bank. It had acquired a piece of land located at Klang at a price tag of RM 100 per sqft.

INDUSTRY NEWS

1. Precious Metals are losing their foothold as the US 10 bond interest rate has been rising gradually. Asset prices are always influenced by institutional players, not retail investors.

2. M1 and M2 are the measurements for the money supply in a country. Malaysia M1 and M2 have continued to increase in Dec 2020, which means more money to push up the asset prices in the nation.

3. Despite the loan moratorium has ended in Sept 2020, there is no sign showing that the non-performing loan in Malaysia's banking system is spiking up. In short, Banks' assets are still safe and any pullback in Bank stocks presents a good buying opportunity.

Happy investing. See you in another week!

Weekly Newsletter - 15 Feb 2021

Here's what we have for the week.

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