Trading ideas: Tasco, GDEX, Sunway, Vertice, Eco World and Zelan


KUALA LUMPUR: Stocks that might attract investor interest today include Tasco, GD Express Carrier, Sunway, Vertice, ECO WORLD Development and Zelan.

According to JF Apex research, the Japan Overseas Infrastructure Investment Corp for Transport & Urban Development (JOIN) is investing RM125mil for a 30% stake in Tasco’s wholly-owned unit, Tasco Yusen Gold Cold Sdn Bhd; 

GDEX has inked a strategic partnership with RedCargo Logistics, the cargo and logistics platform of AIRASIA Group Bhd; 

Sunway is acquiring Blacktop Industries Sdn Bhd, which will allow the group's quarry division to penetrate into new markets by wider market coverage and additional capacity; 

Vertice and Kumpulan Liziz Sdn Bhd have mutually agreed to terminate a sub-contract for upgrading works on a federal road from Gambang, Pahang, to Segamat, Johor, valued at RM218.48mil; 

BBCC Development Sdn Bhd, a joint venture between Eco World Development, UDA Holdings Bhd and the Employees Provident Fund, has disputed a claim of late payment made by Zelan's subsidiary, which involves a principal sum of RM3.34mil.

JF Apex is more optimistic over the FBM KLCI following the positive performance in the US and Europe. The S&P 500 had its best first quarter since 1998 and the Dow Jones rose more than 200 points on trade optimism

"US markets rose on Friday following renewed optimism on the US-China trade negotiations. 

"Earlier, European stocks advanced after Brexit deal is rejected again," it said. 

For the local index, JF Apex said it could climb towards the resistance of 1,675 points.


   

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