Trading ideas: 7-Eleven, Caring Pharmacy, TNB, Press Metal, Genting

KUALA LUMPUR: 7-Eleven Malaysia Holdings Bhd, Caring Pharmacy Group Bhd, Tenaga Nasional Bhd, Press Metal Aluminium Holdings Bhd and Genting Bhd are among the stocks to watch on Friday, according to JF Apex Research.

7-Eleven plans to acquire a 25.35% stake in Caring Pharmacy, raising the company’s and related parties’ shareholding in the pharmacy chain to 38.57%, forcing a mandatory general offer (MGO) for the remaining shares, at a cash offer price of RM2.60 per share.