Trading ideas: Hubline, Amtek, Vizione, Tasco

KUALA LUMPUR: JF Apex Research expects Hubline Bhd , Amtek Holdings Bhd , Vizione Holdings Bhd and Tasco Bhd to be among the stocks to watch on Tuesday following their corporate news.

Hubline has inked a preliminary agreement with Petronas Chemical Marketing (Labuan) Ltd aimed at providing a framework of cooperation for any future term arrangement between them for dry bulk and liquid chemicals logistic services.

Amtek, which recently sold off its core business, fell into PN17 status yesterday after its shareholders' equity on a consolidated basis fell to below RM40mil and is not more than 25% of its issued and paid-up capital.

Vizione saw its 2QFY18 net profit jump about 46 times year-on-year to RM6.55mil due mainly to the maiden contribution of its newly acquired construction subsidiary, Wira Syukur Sdn Bhd.

Tasco has sold a warehouse and industrial land in Port Klang, Selangor to Onostatic Sdn Bhd for RM17.5mil, with an expected one-off gain of RM5.48mil for the group.

Meanwhile, european equities ended lower overnight as the bulls took a breather and trading volume was lower as US markets were closed for Martin Luther King Jr holiday.

JF Apex said the FBM KLCI rebounded from the recent profit taking and could consolidate and hover sideways below the resistance of 1,840 points.

Analyst Reports