Trading ideas: Vertice, N2N Connect, Rex Industry, RHB Bank


KUALA LUMPUR: JF Apex Research expects Vertice Bhd, N2N CONNECT BHD, Rex Industry Bhd and RHB Bank Bhd to be among the stocks to watch on Thursday.


Vertice has secured a RM100mil sub-contract to supply labour and equipment for the precast viaduct (u-trough girder) of the Light Rail Transit Line 3 (LRT3).


N2N Connect has inked a partnership with its substantial shareholder as part of its plan to venture into the digital asset exchange business across the Asia Pacific region.


Rex Industry has acquired a piece of land together with existing industrial buildings in Batu Pahat, Johor for RM13mil in cash, for the purposes of extending its production line.


RHB Bank saw 189 million shares or a 4.73% stake traded off market today for RM592.63mil at RM5.45 per share, a nine sen or 1.62% discount to RHB’s closing price of RM5.54 yesterday.


Meanwhile, US markets ended lower after trade deficit hit a 10-year high.


The Dow Jones Industrial Average pulled back 133.17 points to 25,673.46 while the S&P 500 fell 0.65% to 2,771.45.


Earlier, European stocks closed mixed as investors wait for details on the US-China trade talks.


“Following the lacklustre performance in the US, the FBM KLCI could remain pressured and hover above the support of 1,680 points,” it 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!

RHB Bank , Vertice , Rex

   

Next In Business News

The rise of online financial fraud in Malaysia
Cybersecurity experts share their views
Letter to the editor
Dutch Lady losing dividend appeal
Currencies crack as dollar dominates
Stable currency is a must for the economy
Persistent overhang
Kechara Soup Kitchen set for expansion
Making peanut butter cool again
The winding road to a 15% global minimum tax

Others Also Read