Trading ideas: Hong Seng, WCT, Y&G, Enra, T7 Global


KUALA LUMPUR: JF Apex Research expects Hong Seng Consolidated Bhd, WCT Holdings Bhd, Y&G Corp Bhd, Enra Group Bhd and T7 Global Bhd to be among the stocks to watch on Friday.

Hong Seng Consolidated has entered into a joint venture (JV) with LiGNO Holdings Sdn Bhd to market the latter's medicinal products.

LiGNO, which is ISO22000, HACCP, GMP, halal and organic certified, specialises in the cultivation of medicinal herbs and manufacturing of supplements.

WCT’s 60:40 joint venture (JV) with China Communications Construction Co (M) Sdn Bhd (CCCC) has accepted the tender offer as the main contractor for the expansion of the Sapangar Bay Container Port in Kota Kinabalu for RM899.81mil.

Y&G Corp, whose share price hit limit up yesterday after surging 30% to RM1.66, said it has no idea what might have caused the sudden price jump.

This was in response to Bursa Malaysia's unusual market activity (UMA) query earlier.

Enra Group has proposed to acquire four properties and selected assets such as plant, equipment, inventories and machinery from MTU Services (Malaysia) Sdn Bhd for RM60mil for leaseback deal.

The group said it has also proposed to collaborate with MTU Services to grow ENRA’s existing maintenance, repair and overhaul (MRO) business.

T7 Global's subsidiary T7 Aero Sdn Bhd has been appointed Malaysia distributor for New Zealand-based Atrax Group NZ Ltd weighing and measurement products, which are catered to the airport and logistics sectors.

Meanwhile, the US market declined overnight as jobless claims were higher than expected.

Similarly, European stocks dropped following renewed concerns about economic recovery.

“After yesterday's selldown, the FBM KLCI could consolidate above the psychological level of 1, 500 points, ” JF Apex said.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Hong Seng , WCT , Y&G , Enra , T7 Global

   

Next In Business News

Malaysia on track for 3-4% GDP growth this year despite Omicron
Blue Monday? Bitcoin tumbles 5% after weekend battering
China central bank to cut reserve requirement ratio for second time this year
Bursa Malaysia hits 13-month low amid fears of Omicron threat
Kerjaya Prospek Property to purchase land in Seberang Perai for RM27.57mil
PNB’s subsidiary selects six projects for Merdeka 118 community grants programme
VSTECS to distribute Puppet's IT automation solutions in Malaysia
Sirim to develop Malaysia Railways Industrial Standard by May 2022
Oil rebounds by more than US$1 after Saudi price hike
Mah Sing gets clearances to market medical gloves in US market

Others Also Read


Vouchers