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 KUALA LUMPUR (July 22): Based on corporate announcements and news flow today, stocks in focus tomorrow may include: Bioalpha Holdings Bhd, Alam Maritim Resources Bhd, Riverview Rubber Estates Bhd, Peterlabs Holdings Bhd, Comintel Corp Bhd, WZ Satu Bhd, TH Plantations Bhd, Careplus Group Bhd, Inix Technologies Holdings Bhd, Xidelang Holdings Ltd and Cepatwawasan Group Bhd.

Bioalpha Holdings Bhd has secured a five-year contract worth 3.5 billion yuan (RM2.1 billion) to supply ingredients for health food and nutritional meals to private and public sectors in China. The contract, which is subject to annual renewal, is expected to contribute 700 million yuan (RM426.7 million) to the group's revenue per year, with the first batch of supply to kick off in September.

Alam Maritim Resources Bhd has won a RM9.93 million work order for underwater services from IPC Malaysia BV for works related to FPSO Bertam underwater inspection in lieu of dry-docking activities. The group said the contract was secured by its wholly-owned subsidiary Alam Maritim (M) Sdn Bhd.

Oil palm planter Riverview Rubber Estates Bhd's fresh fruit bunch (FFB) production hit the 7,000-tonne mark in June for the first time since 2016. The group's June output stood at 7,726.23 tonnes, up 64.36% from 4,700.66 tonnes recorded a year earlier. Meanwhile, the group's total FFB production in the first half of the year rose 5.87% year-on-year to 31,996.61 tonnes — its highest for the six-month period since 2018.

Peterlabs Holdings Bhd (PHB) said it is venturing into distribution of consumer goods, through the acquisition of a 60% stake in Thye on Tong Trading Sdn Bhd. The company said the RM10.8 million purchase consideration for the stake will be satisfied via a cash payment of RM3 million and the issuance of 39 million new PHB shares at 20 sen per share.

As part of its regularisation plan, PN17 company Comintel Corp Bhd has roped in businessman Datuk Seri Dr S Subramaniam Pillai, who will be injecting his railway infrastructure business into the company. Subramaniam is the founder and executive director of Dhaya Maju Infrastructure (Asia) Sdn Bhd, a joint venture partner in the RM4.47 billion Klang Valley Double Track 2 rehabilitation project.

Hit by the Movement Control Order, WZ Satu Bhd's net loss widened to RM10.8 million for the third quarter ended May 31, 2020, from RM7.33 million a year ago. This is the group's ninth straight quarter of losses. Revenue plunged 82.14% to RM22.5 million from RM126.02 million on lower revenue contribution from all business segments, including civil engineering and construction, oil and gas, and manufacturing.

Parit Buntar member of Parliament Datuk Seri Dr Mujahid Yusof said the asset rationalisation exercise of TH Plantations Bhd — in which Lembaga Tabung Haji owns a 73.84% stake — which involves sale of some of its loss-making plantation land, was not done blindly, but was closely planned and implemented with the aim of strengthening the financial position of a company constrained by high debt burdens and aimed at making the company re-emerge as a viable medium-sized plantation player.

Careplus Group Bhd is buying a 90% stake in a property development firm for RM3.42 million cash, which will see the group consolidating its workers' hostels into a central location. This will be done by converting the property developer's hotel property and shoplots in Seremban into hostels.

Inix Technologies Holdings Bhd said its suspended director Mohd Anuar Mohd Hanadzlah is suing the company for defamation and claiming for general damages of RM1 million, as well as other damages to be determined by the court. He is also seeking an injunction against Inix and its agents from disseminating, speaking, writing or publishing any injurious words against him.

Xidelang Holdings Ltd is proposing a par value reduction by cancelling 3.9 US cents out of the par value of every existing share of 4 US cents each, to facilitate the implementation of an employees' share option scheme.

Cepatwawasan Group Bhd saw a more-than-fivefold jump in its net profit for the second quarter ended June 30, 2020 to RM4.46 million, from RM699,000 a year ago, on higher selling prices of palm oil products and lower production cost. Quarterly revenue fell marginally by 2% to RM51.78 million from RM52.67 million in the previous corresponding quarter.

https://www.theedgemarkets.com/article/bioalpha-alam-maritim-riverview-rubber-peterlabs-holdings-comintel-wz-satu-th-plantations