Trading ideas: G3 Global, London Biscuits, MMHE


KUALA LUMPUR: G3 Global Bhd , London Biscuits Bhd and Malaysia Marine and Heavy Engineering Holdings Bhd are among the stocks to watch on Thursday, according to JF Apex Research.


G3 Global has collaborated with China Harbour Engineering Company Ltd and SenseTime Group Ltd to set up the first artificial intelligence (AI) park in Malaysia, with a total investment of more than US$1bil (RM4.11bil) over the next five years.


London Biscuits is set to raise RM3.45mil via the issuance of the first tranche of its private placement.


Malaysia Marine and Heavy Engineering has bagged a five-year master service agreement contract for turnaround works and daily maintenance work on mechanical static for plants owned by Petronas.


Overnight, US markets rose after the minutes of the Fed's meeting indicated no rate hikes this year.


European stocks also advanced after the European Central Bank kept interest rates unchanged.


“Following the recent flattish mood, the FBM KLCI could extend its sideways trend above the support of 1,625 points,” JF Apex said.

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