Trading ideas: Can-One, Seacera, Yee Lee, Yong Tai


KUALA LUMPUR: Can-One Bhd, Seacera Group Bhd Yee Lee Corp Bhd and Yong Tai Bhd are among the stocks to watch on Friday, according to JF Apex Research.


Can-One has accepted the offer from Asia Dairy Creations Sdn Bhd to sell its sweetened creamer and evaporated creamer original equipment manufacturer (OEM) unit F&B Nutrition Sdn Bhd for a price tag of between RM800mil and RM1bil.


The trading of Seacera’s shares will be suspended on June 12 if it does not furnish Bursa Malaysia its quarterly financial report for the quarter ended March 31, 2019.


Yee Lee shareholders now have another fortnight – up till June 21 – to consider the takeover of RM2.33 a share from the joint offerors, private equity fund Dymon Asia Private Equity (S.E. Asia) Fund II Ptd Ltd and Yee Lee’s founder Datuk Lim A Heng @ Lim Kok Cheong and his family.


Yong Tai’s auditors Messrs Ecovis Malaysia PLT have resigned voluntarily, as the group looks to appoint another auditor, said the company in a bourse filing.


Meanwhile, US markets rallied overnight following optimism in the US-Mexico trade talks.


Earlier, European stocks ended flat after the European Central Bank said it would delay rate hike until at least the middle of next year.


“Following the bullish performance in Wall Street, the FBM KLCI could climb towards its resistance of 1,660 points,” JF Apex said.


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