Trading ideas: i-stone, Vortex, JF Technology, MNC Wireless

  • Business
  • Wednesday, 17 Jul 2019

KUALA LUMPUR: i-Stone Group Bhd, Vortex Consolidated Bhd, JF Technology and MNC Wireless Bhd are among the stocks to watch on Wednesday, according to JF Apex Research. 

I-Stone is debuting on the ACE Market today. The manufacturing automation solutions provider aims to raise RM39.09mil from its initial public offering (IPO) in conjunction with its listing on the ACE Market.

Vortex announced it has secured approval from the Labuan Financial Services Authority (LFSA) to carry out offshore money-broking business.

JF Technology said the US Court of Appeals for the Federal Circuit has dismissed the appeal by its unit, JF Microtechnology Sdn Bhd, in relation to a patent infringement complaint filed by Johnstech International Corp, officially marking the end of the five-year case.

MNC Wireless has inked a memorandum of understanding with Urban Setup Sdn Bhd to provide a transparent, secured and convenient mobile physical gold retail platform in Malaysia. Urban is the licensee of the rights to the physical gold retail platform of SGPMX (M) Sdn Bhd.  

Meanwhile, US markets declined from record highs after renewed uncertainty on the US-China Trade talks. 

Earlier, European stocks advanced after Europe posted a trade surplus of 23 billion euros and investors await corporate results.

“Following the negative performance in Wall Street, the FBM KLCI could remain subdued and trend lower towards the support of 1,655 points,” JF Apex said. 

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i-Stone , JF Technology , MNC Wireless


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