Shangri-La, Alam Maritim, TRC Synergy to see trading interest


KUALA LUMPUR: Shangri-La, Alam Maritim and TRC Synergy would be among the stocks to watch on Tuesday following recent corporate developments, says JF Apex Research.

It said in Shangri-La, its major shareholder Robert Kuok acquired a 22.2% block of shares from Standard Chartered Private Equity at RM3.35 per share which prompted the talk of privatisation of the hotelier.

JF Apex Research said as for Alam Maritim, the group secured a RM182mil oil & gas contract to provide underwater services.

In ETI Tech, the group has failed to settle debts worth RM11.7mil.

As for TRC Synergy, the group will team up with Syarikat Prasarana Negara on a RM687.6mil GDV of mixed development project near Subang.

Meanwhile, on the external front, US stocks bounced off their worst levels but still ended in negative territory Monday, as initial euphoria over Cyprus fizzled and even after Eurogroup head's Jeroen Dijsselbloem backtracked on his previous comments that the island nation's bailout is a template for bank rescues.

Smilarly, European shares erased their early gains to finish in negative territory, pressured by banks.

JF Apex Research as for Bursa Malaysia, the FBM KLCI which surged 17 points to 1,643.89 on Monday, could see some profit taking following the decline in US and European markets.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

   

Next In Business News

Dufu rides on robust demand for HDD � �
Tencent vows fresh gaming curbs after 'spiritual opium' attack zaps US$60bil
KLCI swings back above 1,500-level
Hartalega falls on caution about weaker prices
Infineon takes revenue hit from Malaysia shutdown
BMW says chip shortage, raw material prices to hit 2H
Infineon held back by tight supply, Malaysia plant hit by lockdown
Asian stocks slip as Delta spread spooks investors
Oil prices slip, rebound runs out of steam on demand worries
BP boosts dividend, buybacks as profit soars

Stories You'll Enjoy


Vouchers