Trading ideas: CTOS Digital, Digi, Favelle Favco, MK Land, Hextar, Classic Scene, Artroniq, LYC and Pasukhas2 min read
KUALA LUMPUR: Stocks to observe for incorporate CTOS Digital, Digi.Com, Favelle Favco, MK Land, Hextar Systems Solutions, Traditional Scene, Artroniq, LYC Healthcare and Pasukhas Team, reported JF Apex Research.
CTOS Electronic Bhd has proposed to invest in a 19.9% stake in RAM Holdings Bhd from Creador’s Oscar Matrix Sdn Bhd for RM51.3mil cash, boosting its shareholding to 39.1%.
Digi.com Bhd‘s 2Q22 internet profit dropped 21.39% YoY to RM220.04mil, primarily due to the a person-off prosperity tax.
Favelle Favco Bhd has bagged a whole of RM42.7mil new buy orders to provide tower cranes.
MK Land Holdings Bhd is diversifying into renewable electrical power with the development of a 10.95-megawatt (MW) huge-scale solar photovoltaic (PV) plant in Kerian, Perak.
The managing shareholder of Hextar Technologies Alternatives Bhd.
Datuk Eddie Ong, has purchased over the firm’s full stake of 14.94% in Basic Scenic Bhd in a related social gathering transaction and he is now the biggest shareholder of Basic Scenic with a stake of 32.06%.
Artroniq Bhd has proposed to diversify its enterprise to purchase precision engineering and machinery pieces manufacturing by buying a 60% stake in Penang-primarily based Fujim Digital Sdn Bhd (FDSB) for RM12mil.
LYC Health care Bhd is getting two companies in Negeri Sembilan — Nutrogreen Overall health Industries Sdn Bhd (NHISB) and Kitta Organization — to reinforce its situation in the nutraceutical business for RM525,000 and RM1mil respectively.
Pasukhas Group Bhd mentioned Messrs Crowe Malaysia PLT (Crowe) has voluntarily resigned as the auditor of the firm thanks to a disagreement on the audit fees.
Meanwhile, JF Apex explained the FBM KLCI could stay sideways previously mentioned the aid of 1,394 details
On Friday, the US market place rallied in a aid rebound adhering to earnings announcements by banks these as Wells Fargo and Citigroup.
In the same way, European stocks rebounded despite weaker-than-anticipated Chinese GDP and central banking institutions in Canada, South Korea, New Zealand, Singapore and the Philippines elevated desire prices.