Key Malaysian Stocks to Monitor: Berjaya Corp, MAHB, and More
Trading ideas: Berjaya Corp, MAHB, Sapura Industrial, MISC, AirAsia, Velesto Energy
The Star
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On Friday, investors should focus on stocks like Berjaya Corp, MISC, and Malaysia Airports Holdings Bhd (MAHB) due to significant corporate developments. Notably, Berjaya's Tan Sri Vincent Tan sold RM115 million in shares, while MAHB plans RM11 billion in capital expenditure for airport upgrades.
- 01Tan Sri Vincent Tan reduced his stake in Berjaya Corp Bhd to about 15% after selling RM115 million worth of shares.
- 02MISC signed a long-term lease renewal with PETRONAS valued at RM433 million for office space in Kuala Lumpur.
- 03MAHB is set to invest RM11 billion over the next five years for airport infrastructure improvements.
- 04AirAsia X refuted claims of grounding operations in the Philippines, confirming settlement of PHP270 million in fees.
- 05Velesto Energy secured a contract for drilling services offshore Thailand, involving four infill wells and three exploration wells.
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Investors are advised to keep an eye on several key Malaysian stocks this Friday, including Berjaya Corp Bhd, Malaysia Airports Holdings Bhd (MAHB), and MISC Bhd. Tan Sri Vincent Tan has sold RM115 million worth of shares in Berjaya Corp, reducing his holding to approximately 15%. In a significant move, MISC has entered a long-term tenancy agreement with Petroliam Nasional Bhd (PETRONAS) for office space at Menara Dayabumi, worth RM433 million over 15 years. MAHB plans to allocate RM11 billion in capital expenditure over the next five years for airport infrastructure development. Meanwhile, AirAsia X has dismissed allegations regarding grounding operations in the Philippines, clarifying that it has settled outstanding fees. Additionally, Velesto Energy has secured a contract for drilling services in Thailand, while Sapura Industrial Bhd is selling land in Melaka for RM10.48 million. Sentoria Group's shares will be suspended from trading as it faces delisting in June 2026 unless an appeal is submitted.
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The developments involving these companies could influence stock market performance and investor confidence in the Malaysian economy.
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