Trading ideas: Eco World International, E&O, Salcon, MyNews, Ta Win


KUALA LUMPUR: JF Apex Research expects Eco World International Bhd, Eastern & Oriental Bhd (E&O), Salcon Bhd , MyNews Holdings Bhd and Ta Win Holdings Bhd to be among the stocks to watch.


Eco World International bought out the remaining 20% it does not own in its Australian JV Eco World- Salcon Y1 Pty Ltd, from Salcon for A$452mil (RM13.25mil).


E&O is looking to raise at least RM123mil from its private placement, which will be destined for the second phase of its Seri Tanjung Pinang development (STP2A) within Penang’s northeastern enclave.


MyNews is facing a suit from two artists alleging copyright infringement.


Ta Win is teaming up with few parties to set up a new cable manufacturing business using electron beam technology in Malaysia.


Meanwhile, US stocks closed flat as investors awaited for the start of the corporate earnings season.


The Dow Jones Industrial Average fell 14.11 points, or 0.05%, to 26,143.05, the S&P 500 closed flat at 2,888.32 and the Nasdaq Composite dropped 16.89 points, or 0.21%, to 7,947.36.


European markets closed higher as airline stocks rallied on Brexit extension.


“Following the positive progress of US-China trade talk, we expect the benchmark index to rebound today with the resistance level at 1,655 points,” JF Apex said.


Analyst Reports , Eco World , Salcon , Ta Win