Trading ideas: Econframe, GDB, JF Tech, Pharmaniaga, Paragon


KUALA LUMPUR: Econframe, GDB, JF Tech, Pharmaniaga and Paragon Union are among the stocks to watch on Tuesday, JF Apex Research said.

Econframe makes its debut today on the ACE Market of Bursa Malaysia at an offer price of 28 sen.

GDB Holdings has signed a letter of intent for the RM1.25bil contract for the 8 Conlay luxury integrated development in the heart of Kuala Lumpur.

JF Technology’s unit JF International Sdn Bhd, is partnering with Huawei Investment & Holding Co Ltd’s unit Hubble Technology Investment Co Ltd (HTI) to set up a plant to manufacture and supply high-performance test contactors in China.

Kanger International has roped in Zuellig Pharma Sdn Bhd and K-Star Sport Ltd to collaborate on the distribution of Covid-19 vaccines in Malaysia.

Pharmaniaga is teaming up with Serum Institute of India Pte Ltd, the world's largest vaccine manufacturer by number of doses produced, to further strengthen its vaccine business.

Paragon Union, which received an unusual market activity (UMA) query from Bursa Malaysia after its share price jumped over 60% to an intraday high of 61 sen, said it had a party is keen to buy a stake in the company.

Overnight on Wall Street, US markets closed lower following a surge in the Covid-19 coronavirus cases and concerns over the stimulus package talks.

The Dow Jones Industrial Average fell 650.19 points, or 2.29%, to 27,685.38, the S&P 500 lost 64.42 points, or 1.86%, to 3,400.97 and the Nasdaq Composite dropped 189.35 points, or 1.64%, to 11,358.94.

Earlier, European stocks fell as more curfews were put in place due to the rising cases.

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