Stock Watch: EITA, Alam Maritim, Well Chip, UMS Integration, Lianson, Encorp, Pineapple Resources

EITA Resources Bhd has been awarded a RM40.93 million contract for busduct systems in a Johor data center, positively impacting its earnings for the financial year ending September 30, 2026. Alam Maritim Resources Bhd will exit PN17 status on June 8 after Bursa Malaysia approved its early upliftment application, ending nearly four years of being classified as financially distressed.

Well Chip Group Bhd intends to raise up to RM120 million through a rights issue to support pawnshop expansion, aiming for completion in Q4 of 2026. UMS Integration Ltd seeks to acquire a controlling stake in a Vietnamese manufacturing entity for US$3.6 million, enhancing its engineering capabilities.

Lianson Fleet Group Bhd aims to acquire the MT High Tide tanker via a Singapore joint venture. Encorp Bhd has signed an MOU with FELDA to explore a staff housing project. Additionally, Gan Kok Xan increased their stake in Pineapple Resources Bhd to 71.42% post-takeover offer, preserving its listed status. The moves reflect strategic expansions and financial restructuring within these companies, indicating potential market shifts.