Trading ideas: Capital A, Tuju Setia, TNB, Coastal Contracts, DNeX, Powerwell, TM, MFM

KUALA LUMPUR: Stocks to watch today include Capital A Bhd, Tuju Setia Bhd, Tenaga Nasional Bhd (TNB), Coastal Contracts Bhd, Dagang Nexchange Bhd (DNeX), Powerwell Holdings Bhd,Telekom Malaysia Bhd (TM) and Malayan Flour Mills Bhd (MFM)

Capital A has submitted its proposed regularisation plan to Bursa Malaysia Securities Bhd to exit its Practice Note 17 (PN17) status.

The group said the move represented Capital A's achievement in strengthening its financial position and reaffirming its commitment to driving long term growth.

Capital A is also s in discussions with aircraft manufacturers Airbus, Embraer and Comac to purchase new aircraft as part of its expansion strategy for its airline operations under the AirAsia brand.

Tuju Setia’s order book surged to RM2bil after securing a RM389mil contract from the Beverly Group to serve as the main contractor for Milla Residence, a high-rise residential development in Quartz Wangsa Maju, Kuala Lumpur.

TNB expects the continued implementation of the imbalance cost pass-through (ICPT) mechanism to have a neutral impact on its business operations and financial position.

Coastal Contracts’ wholly-owned subsidiaries, Coastal Solar Sdn Bhd (CSSB) and Pleasant Engineering Sdn Bhd, as well as Bina HT Sdn Bhd (BHSB), have received a letter of notification on acceptance of offer (LON) from the Energy Commission Sabah for the development of a 15.00 megawatt alternating current, large-scale solar photovoltaic plant in Sabah.

DNeX’s wholly-owned subsidiary, Dagang Net Technologies Sdn Bhd, has tied up with Conex SAS to streamline European Union (EU) trade compliance for Malaysian exporters.

Powerwell has accepted a supply contract from a leading international contractor for the supply and delivery of electrical low voltage switchboards for a data centre in Malaysia, worth RM27mil.

TM has entered a strategic partnership with Perusahaan Otomobil Kedua Sdn Bhd (Perodua) to drive advancements in electric vehicle development, digital innovation and sustainable growth.

MFM's partially-owned unit, Dindings Poultry Development Centre Sdn Bhd, is seeking a judicial review of the Competition Appeal Tribunal's decision to reject its request for a stay on a RM70mil penalty imposed by the Malaysia Competition Commission over alleged price-fixing cartel activities.

Overnight, the S&P 500 gained 0.73% to 5,974.07 points, and the Nasdaq Composite rose 0.98% to 19,764.89. The Dow Jones Industrial Average climbed 0.16% to 42,906.95.