Trading ideas: AirAsia, Advancecon, Lotus KFM, Pestech

KUALA LUMPUR: AirAsia Group, Advancecon, Lotus KFM, Pestech, KNM and Focus Dynamics are among the stocks to watch on Wednesday following the recent developments in the companies, JF Apex Research says.

AirAsia's external auditor, Ernst & Young PLT, has issued an unqualified audit opinion on the material uncertainty relating to the group's going concern, in view of the travel and border restrictions implemented by countries worldwide that have led to significant fall in demand for air travel.

Advancecon inked its third MoU with pharmaceutical manufacturing plant Peritone Health Sdn Bhd to undertake the engineering, procurement and construction of the 461.12kWp rooftop solar photovoltaic system at its premises in Kulim Hi Tech Park, Kedah.

Lotus KFM said it will be uplifted from Practice Note 17 (PN17) company from tomorrow, after it has regularised its financial condition and no longer triggers any of the criteria under the PN17-related clauses of the Main Market Listing Requirements.

KNM’s unit KNM Process Systems Sdn Bhd, is forming a 51:49 joint venture company with ADAP Capital Sdn Bhd to participate in oil, gas and petrochemical projects in Sarawak.

Separately, KNM's founder and chief executive officer Lee Swee Eng has announced his retirement, with the group's chief financial officer Tan Koon Ping succeeding him.

Pestech will issue a perpetual Islamic notes programme of up to RM1bil to refinance its borrowings, funding its working capital and general corporate purposes.

Focus Dynamics has received an unusual market activity query from Bursa Malaysia Securities Bhd over the spike in its share price.

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AirAsia , Advancecon , Lotus KFM , Pestech


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