Trading ideas: Kossan, Caely, Axiata, Digi, TSR Capital and LKL International
KUALA LUMPUR: Stocks to watch for on Monday adhering to company bulletins incude Kossan, Caely, Axiata, Digi, TSR Cash and LKL International
, explained JF Apex Investigate.
Kossan Rubber Industries Bhd founder Tan Sri Lim Kuang Sia had in modern times raised his oblique stake in the rubber glove maker right after purchasing 7.06 million shares.
Datuk Jovian Mandagie mentioned lingerie maker Caely Holdings Bhd designed a false announcement to Bursa Malaysia pertaining to his alleged appointment as the govt vice chairman.
Axiata Group Bhd and Digi.com Bhd are extending the deadline to fulfil conditions that have been established out in their merger agreement from 22 June to 31 Dec this yr.
TSR Capital Bhd is advertising a property in Port Dickson to Malaysia’s McDonald’s licensee Gerbang Alaf Places to eat Sdn Bhd for RM6mil.
LKL Global Bhd has proposed to undertake a renounceable rights difficulty with totally free warrants to raise up to RM58.3mil to fund its diversification into the pharmacy company.
Meanwhile, JF Apex explained the FBM KLCI could continue being pressured with aid at 1,450 details adhering to the new uncertainty.
The US market finished mixed on Friday with the Dow declining somewhat although the S&P and Nasdaq climbed amid problems of an economic slowdown.
Similarly, European shares were blended as central financial institutions hiked curiosity fees in reaction to the US Federal Reserve’s rate hike.
