Trading ideas: YTL Corp, Astro, Meda Inc, T7, Scomi, D’Nonce

KUALA LUMPUR: JF Apex expects YTL Corp Bhd, Astro Malaysia Holdings Bhd, Meda Inc Bhd, T7 Global Bhd, SCOMI GROUP BHD and D’Nonce Technology Bhd to be among the stocks to watch on Monday.

YTL Corp is buying Spanish firm SOL HTL Project, which owns a freehold property in Madrid that will be refurbished and converted into a 200-room hotel that will operate under the Marriot International Inc's EDITION brand, for euro 220 million (RM1.038bil).

Astro will be undertaking a Voluntary Separation Scheme (VSS) that will allow the group to further simplify the organisation, enhance operational efficiency and reduce annual operating expenses.

Three subsidiaries of Scomi Group Bhd have applied for judicial management at the Shah Alam High Court today to temporarily shield them from legal proceedings “by third parties”.

Meda Inc plans to raise up to RM37mil for its Malaysia Tourism City project in Kuala Linggi, Alor Gajah, Melaka.

The High Court has dismissed T7 Global’s suit against its former managing director Datuk Harzani Azmi and ex-executive director Tan Wee Koh for breaches of fiduciary duties, negligence and breach of trust.

D’Nonce Technology is suing its former managing director and CEO, Law Kim Choon, accusing him of committing fraud and conspiracy and of breaching fiduciary duties.

Meanwhile, US markets plunged on Friday following weaker-than-expected jobs data and concerns on US-China trade deal.

Earlier, European stocks rebounded led by technology counter.

“Following the bearish performance in Wall Street, the FBM KLCI is expected to trend lower towards its support at 1,660 points,” JF Apex said.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

YTL Corp , Astro


Next In Business News

Muhibbah Engineering-led consortium bags RM322mil job from PETRONAS Carigali
32 companies awarded FiT quotas, set to generate RM1.14bil investments
Bursa Malaysia gives up earlier gains to end lower
Bonia unit to acquire KL property for RM35.51mil
Sunview unit undertakes EPCC of solar energy facility for RM122mil
Gamuda to acquire 30% stake in ERS Energy for RM200mil
China stocks fall on profit-taking following new Covid easing measures
Bank Negara's international reserves rise to US$109.7bil as at Nov 30
CIMB launches sustainability-linked Treasury programme with pioneering clients Farm Fresh and Sunway
India central bank raises key rate, says inflation battle not over

Others Also Read