Trading ideas: Econpile, Berjaya Assets, Vizione and Sumatec

KUALA LUMPUR: Econpile, Berjaya Assets, Vizione, Apex Healthcare and Sumatec are among the stocks which could see trading interest on Thursday after their corporate announcements, says  JF Apex Research.

Econpile has proposed a one-to-two share split, together with a bonus issue on the basis of one bonus share plus one free warrant, for every four split shares held.

As for Berjaya Assets, it has also proposed a one-to-two share split, in order to improve its trading liquidity on Bursa Malaysia.

Vizione has obtained its shareholders' approval to buy construction company Wira Syukur (M) Sdn Bhd (WSSB) for RM280mil. The payment will be cash and new Vizione shares issued at 11 sen a share.

JF Apex Research said Apex Healthcare's unit Xepa-Soul Pattinson (Malaysia) Sdn Bhd was awarded a certificate of GMP compliance of a manufacturer by the European Medicines Agency.

As for struggling Sumatec, it received a notice of demand for RM144.95mil as guarantor after its associate Semado Maritime Sdn Bhd defaulted on its loan payment due to Bank Pembangunan Malaysia Bhd.

Overnight on Wall Street, US markets rebounded following a plan to raise the government’s debt ceiling and government funding to provide aid for Hurricane Harvey. 

European stocks closed mixed as geopolitical concerns on North Korea still linger among investors.
 
At Bursa, the FBM KLCI added 2.85 points to end the day at 1,772.48. 

“Following the mixed performance in the US and Europe, the KLCI could continue to trend sideways between 1,750 and 1,800,” it said.