Trading ideas: Daibochi, Scientex, Brahim’s, SunCon, Ikhmas Jaya, AirAsia


KUALA LUMPUR: Daibochi Bhd, Scientex Bhd, Brahim's Holdings Bhd, SUNWAY CONSTRUCTION GROUP BHD, Sunway Construction Group Bhd and AIRASIA Group Bhd are among the stocks to watch on Wednesday, according to JF Apex Research.


MIDF Amanah Investment Bank Bhd Research is recommending Daibochi Bhd's shareholders to accept the offer from Scientex Bhd to take over Daibochi shares that Scientex does not already own for RM1.59 per share.


Brahims is in strategic discussions with partners in attempt to exit the PN17 status.


Executive chairman Datuk Seri Ibrahim Haji Ahmad said Brahim's will enter into strategic discussions with partners to review capital and business structure with the view

of complying with the listing requirements as soon as practicable.


Sunway Construction and Ikhmas Jaya has agreed for out-of-court settlement over RM8.2mil of unpaid work.


AirAsia has set up a global venture capital fund and formed a strategic partnership with San-Franscisco-based venture capital firm, 500 Startups.


Meanwhile, US markets closed slightly lower amid China's annual parliamentary meeting and developments in the US-China trade negotiations.


Earlier, European stocks advanced led by telecommunication counters.


“Following the lackluster performance in Wall Street, the FBM KLCI could extend its losses and trend lower towards its support of 1,680 points,” JF Apex said.



   

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