Trading ideas: Gamuda, F&N, AuMAS, Shin Yang, SCIB, HeiTech Padu, AmFIRST REIT, Zetrix AI

KUALA LUMPUR: Stocks to watch today include Gamuda Bhd, Fraser & Neave Holdings Bhd (F&N), AuMAS Resources Bhd, Shin Yang Group Bhd, Sarawak Consolidated Industries Bhd (SCIB), HeiTech Padu Bhd, AmFIRST Real Estate Investment Trust (AmFIRST REIT) and Zetrix AI Bhd.

Gamuda has secured an A$880mil (RM2.54bil) contract as part of a consortium to design and build the future Parramatta metro station under Australia’s Sydney Metro West project, further expanding its infrastructure footprint in Sydney.

F&N has completed the disposal of its 50% stake in Vacaron Company Sdn Bhd to Tan & Tan Development Bhd for RM181.61mil, after receiving the RM136.2mil first tranche and a bank guarantee securing the remaining 25%.

AuMAS Resources has declared a maiden mineral resource of 110,000 ounces of contained gold at its Andrassy gold project in Sabah, based on exploration at the Bukit Jantung and Bukit Ketupat prospects.

Shin Yang Group is acquiring an 8.316-hectare industrial property in Kuching for RM34mil to expand its logistics operations, including a new warehouse and container depot.

SCIB is acquiring three leasehold parcels in Kolombong, Kota Kinabalu, Sabah, for RM15.2mil, providing recurring rental income and future development potential as it expands its presence in Sabah.

Wong Thean Soon has ceased to be a substantial shareholder of HeiTech Padu following MY E.G. Capital’s disposal of 27.5 million shares via a direct business transaction.

AmFIRST REIT is seeking unitholders’ approval to sell Menara AmBank to AmBank for RM331mil cash, a move expected to cut its gearing to about 33.9% from 46.6%.

Zetrix AI has terminated its RM130mil proposed acquisition of a 50% stake in MYEG Ventures from Next Lion, just three days after signing the deal, following a review of its commercial rationale amid volatility in Zetrix AI’s share price.