Trading ideas: Cypark, Tambun Indah, G3 Global


KUALA LUMPUR: JF Apex Research expects Cypark Resources Bhd , Tambun Indah Land Bhd and G3 Global Bhd to be among the stocks to watch on Wednesday.


Cypark Resources is currently in the process of finalising a bid for a maximum 100 megawatt (mW) quota for the Government's third cycle of its large-scale solar (LSS3) scheme.


Tambun Indah’s 70% owned subsidiary Mustiara Sdn Bhd bought 27 parcels of land in Seberang Perai Selatan, Penang totalling 209.54 acres for RM131mil cash from TPPT Sdn Bhd.


A major portion of the land is located adjoining to the southern side of Tambun Indah's flagship Pearl City township development.


G3 Global is making a big push into artificial intelligence (AI) after securing a partnership with one of the world’s top AI firms.


Meanwhile, US markets tumbled overnight following caution ahead of this week's corporate results season.


European stocks declined after the US is considering to impose tariffs worth US$11b on European products.


“Following the IMF slashing this year’s global economic growth again, the FBM KLCI is expected to extend its sideways trend below the resistance of 1,655 points,” JF Apex said.


Analyst Reports , Cypark , Tambun Indah