Trading ideas: T7 Global, Rohas Tecnic, YTL Corp, Can-One, Focus Dynamics

KUALA LUMPUR: JF Apex Research expects T7 Global Bhd, Rohas Tecnic Bhd, YTL Corp Bhd, Can-One Bhd and Focus Dynamics Group Bhd to be among the stocks to watch on Wednesday.

T7 Global has secured a RM50mil work order award from Petronas Carigali Sdn Bhd for the provision of plug and abandonment integrated services.

Rohas Tecnic had secured a transmission line fabrication job with an estimated value of RM37mil.

YTL Corp’s 98%-owned subsidiary YTL Cement (Hong Kong) Ltd has finalised the disposal of its 100% equity interest in Zhejiang Hangzhou Dama Cement Co Ltd (Dama Cement).

Can-One has received a notice of unconditional mandatory takeover offer from major shareholder Eller Axis Sdn Bhd to acquire the remaining shares in Can-One not owned by Eller Axis and the ultimate offeror Yeoh Jin Hoe for RM2.50 per share.

Focus Dynamics and LKL have teamed up to initiate the rollout of a chain of lifestyle-based pharmacies in the Klang Valley, and eventually nationwide.

Tomei's 1QFY21 net profit jumped more than three times y-o-y to RM13.76mil, from RM4mil, on higher revenue, driven by an increase in consumer demand, particularly for yellow gold jewellery.

KLCCP Stapled’s 1QFY21 net profit fell 17.39% year-on-year, as the prolonged Covid-19 pandemic dragged the group’s retail and hotel segments.

Hartalega’s 4QFY21 net profit grew 11.73% quarter-on-quarter due to higher sales revenue and lower operation costs.

Mah Sing is buying an approximately two-hectare land in Tempat Jalan Genting Kelang, Setapak for a proposed estimated RM618mil mixed development, comprising residential and retail components.

S P Setia has proposed the establishment of an Islamic medium term note programme of up to RM3bil in nominal value.

Disney+ is coming to Malaysia via its own streaming platform and also through working relationships with Astro.

Meanwhile, the US market was mixed with the Dow posting slight gains while the Nasdaq plunged amid concerns of inflation and potential tax hike.

Earlier, European stocks declined following corporate earnings and concerns over the coronavirus.

Following the lacklustre performances in the US and Europe, JF Apex said the FBM KLCI could remain pressured towards the support of 1,560 points.

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T7 Global , Rohas Tecnic , YTL Corp , Can-One


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