Trading ideas: Pasukhas, Iconic Worldwide, Kanger, Asdion, Widad, KESM


KUALA LUMPUR: Pasukhas Group Bhd, Iconic Worldwide Bhd, Kanger International Bhd, Asdion Bhd, Widad Group Bhd and KESM Industries Bhd are among the stocks to watch on Wednesday, according to JF Apex Research.

Pasukhas has inked a partnership agreement with BB Energy Sdn Bhd to extract river sand for the export market. BB Energy has been granted a concession and temporary occupational licence for Sungai Miang, Mukim Pekan, Pahang, by Pengurusan Pasir Pahang Bhd (PPPB);

Iconic Worldwide has proposed a private placement of up to 97.11 million shares, representing not more than 30% of its issued capital, to raise up to RM47.59mil for its personal protective equipment (PPE) business.

Kanger International has entered into a deal to clinch the rights to distribute a China-developed COVID-19 vaccine in Southeast Asia.

The latest move by Kanger follows its earlier announcement that it is venturing into the rubber glove industry.

Bursa Malaysia Securities Bhd has publicly reprimanded Asdion and five of its directors for breach of the ACE Market Listing Requirements.

Widad has entered into a collaboration agreement with IAQ Solutions Sdn Bhd (ISSB) to develop and supply solutions and services related to indoor air quality solutions to prevent and control airborne diseases.

KESM Industries’ 4QFY20 net loss widened to RM3.28mil from RM3.02mil in the previous quarter. Meanwhile, revenue fell 14.71% to RM46.26mil from RM54.24mil.

Notion Vtec has bagged a contract to supply disposable nitrile examination gloves for US$82mil or RM337.8mil.

Meanwhile, US markets rose overnight following bargain hunting across the board as better-than-expected quarterly results from Nike and KB Home lifted investor sentiment.

Similarly, European stocks staged a rebound despite rising cases of coronavirus.

“Following the positive performances in the US and Europe, the FBM KLCI could stage a rebound with support at 1,475 points,” JF Apex said.

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Pasukhas , Iconic Worldwide , Kanger , Asdion , Widad

   

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