Trading ideas: Econpile, GSB, Malakoff, Poh Kong, Cypark, DNeX

KUALA LUMPUR: Econpile Holdings Bhd, GSB Group Bhd, Malakoff Corporation Bhd, Poh Kong Holdings Bhd, Cypark Resources and Dagang Nexchange Bhd (DNeX) are among the stocks to watch on Tuesday, according to JF Apex Research.

Econpile has been served a countersuit of RM346mil by Maju Holdings Sdn Bhd’s ASM Development (KL) Sdn Bhd (ASMDKL) for the failure to carry out work for at the latter’s Maju Kuala Lumpur project.

GSB is expecting to turn a profit for the financial year ending March 31, 2020 driven by the sales of its ongoing Bloomsvale, Straits Residence and Kaleidoscope projects. The three projects are all asset injections from main shareholders Toh, her husband Kerjaya Prospek Group Bhd chairman Datuk Tee Eng Ho and Tee’s brother and GSB executive director Tee Eng Seng.