Trading ideas: Bio Osmo, Kerjaya Prospek, Dolphin International, Malakoff, MMS, Rex Industry


KUALA LUMPUR: Bio Osmo Bhd, Kerjaya Prospek Group Bhd, Dolphin International Bhd, Malakoff Corp Bhd, MMS Venture Bhd and Rex Industry Bhd are among the stocks to watch, according to JF Apex Research.


The research house also expects N2N CONNECT BHD, Destini Bhd and of Iskandar Waterfront City Bhd (IWCity) to generate trading interest following their latest corporate news.


Bio Osmo gets the RTO deal after the group announced that its largest substantial shareholder Datuk Seri Farouk Abdullah is proposing to inject hotels into the group.


Kerjaya Prospek has secured a contract worth RM357.3mil for main building works at the Bukit Bintang City Centre (BBCC) mixed development.


Dolphin International has secured a RM1.3mil contract to supply, install and commission a clean air emission system, the Electrostatic Precipitator System (EPS) from Genting SDC Sdn Bhd (GSDC) for Genting Jambongan Oil Mill (GJOM) in Sabah.


Malakoff has bagged an operation and maintenance (O&M) contract with a large scale solar photovoltaic power plant (LSS) in Kota Tinggi, Johor, with a capacity of 29MWac.


MMS Ventures has obtained the green light from the Securities Commission Malaysia to transfer its listing from the ACE Market to the Main Market of Bursa Malaysia.


Rex Industry has decided not to proceed with plans to raise RM20.83mil via rights with bonus issue after taking into consideration the current market conditions.


Instead, it will consider funding its business expansion using internal funds and/or external borrowings.


N2N Connect is acquiring a 28% stake in Australia's first hybrid marketplace lender for A$2.8mil (RM8.33mil) cash.


IWCity is being sued by the Inland Revenue Board for RM32.23mil in additional taxes and penalties.


Destini has been awarded a two-year umbrella contract to undertake well abandonment integrated services for Petronas Carigali Sdn Bhd.


Meanwhile, US markets staged a rebound rally led by financial counters after President Trump clarified that the US will not be attacking Syria.


Similarly, European stocks advanced on Trump's clarification as investors welcome the earnings season.

“Following the bullish performance in the US and Europe, the FBM KLCI is expected to be positive today and retest the resistance of 1,880 points,” JF Apex said.


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