Trading ideas: E&O, Kerjaya Prospek, YTL Corp, AirAsia, Cabnet

KUALA LUMPUR: E&O, Kerjaya Prospek, YTL Corp, AirAsia and Cabnet are among the stocks to watch on Monday after their corporate announcements last week, JF Apex Research says.

E&O does not plan to merge with any entities in the near term, including construction player Kerjaya Prospek Group, according to the majority shareholder of both companies, Datuk Tee Eng.

YTL Cement Bhd, a subsidiary of YTL Corp, had on Wednesday inked an agreement to sell its entire cement and ready-mixed concrete operations in Malaysia to its 76.98%-owned subsidiary Malayan Cement Bhd, for RM5.16bil in a cash and stock deal.

AirAsia said its wholly-owned Asia Digital Engineering Sdn Bhd (ADE) has obtained the Civil Aviation Authority of Malaysia's base maintenance approval, which allows ADE to offer aircraft maintenance, repair and overhaul (MRO) services.

Cabnet Holdings is acquiring engineering services firm CEE M&E Engineering Sdn Bhd for RM16.29mil in cash.

This will enable it to extend its business activities to include electrical engineering services from medium and low voltage to extra-low voltage as well as mechanical engineering services.