Trading ideas: Axiata, RHB Bank, ViTrox, Serba Dinamik

KUALA LUMPUR: JF Apex Research expects Axiata Group Bhd, RHB Bank Bhd, Vitrox Corp Bhd and Serba Dinamik Holdings Bhd to be among the stocks to watch on Tuesday.

Axiata has teamed up with RHB Bank to apply for a digital bank licence, based on a news report.

Vitrox said its unit is buying land worth RM48.33mil in Penang to execute its 10-year expansion master plan, which will be fully completed by 2030.

The Securities Commission said it has begun an investigation into Serba Dinamik after the company's auditors flagged issues last week.

On Friday, the group said KPMG had raised issues over more than RM3.5bil billion of contracts and transactions that the auditor had not been able to verify with 11 customers.

IHH Healthcare, BAT, CIMB, DRB-Hicom, MyEG, Mah Sing, Sedania recorded better year-on-year quarterly results.

Velesto Energy, MRCB, Ambank, Alliance Bank posted weaker year-on-year quarterly earnings.

Meanwhile, the US market was closed for Memorial Day holiday while the UK market was closed for a bank holiday.

European stocks declined following inflation data from Spain and Germany.

“Following yesterday's decline, the FBM KLCI could consolidate above the support of 1,550 points and continue to trend sideways,” JF Apex said.

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Axiata , RHB Bank , ViTrox , Serba Dinamik


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