Trading ideas: CTOS Digital, Malton, Pavilion REIT, Pacific & Orient, Carimin and Cuscapi

KUALA LUMPUR: Stocks that could see investor attention on Monday include CTOS Digital Bhd, Malton Bhd, Pavilion Real Estate Investment Trust, Pacific & Orient Bhd, Carimin Petroleum Bhd and Cuscapi Bhd, says JF Apex Research.

CTOS Digital has proposed to buy a 49% stake in fintech specialist Juris Technologies Sdn Bhd (JurisTech) for RM205.8mil cash.

Malton Bhd said it is in talks to sell the Pavilion Bukit Jalil mall to Pavilion Real Estate Investment Trust (REIT).

Pacific & Orient Bhd (P&O) is disposing of its 21.91% stake in Singapore-based data software company HiringBoss Holdings Pte Ltd for US$19.83mil (RM83.11mil).

Carimin Petroleum Bhd has aborted plans to raise RM29.94mil via a share placement and Cuscapi Bhd has proposed a private placement of 10% of its issued shares to raise up to RM22.34mil for its business expansion and working capital.

On the local market, the FBM KLC ended flat on Friday with a 0.03-points gain to 1,516.45.

JF Apex Research said the market could consolidate and trend sideways below the resistance of 1,530 points.

European bourses meanwhile were mixed on Friday as major bourses were closed for the Christmas holidays.
Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Next In Business News

Nestle again nudges 2022 sales outlook higher
Oil jumps on hopes for easing in China's COVID controls
UMW Q3 net profit rises to RM100.7mil
Eversendai 3Q net loss widens to RM96.3mil
MyEG's net profit nearly doubles to RM150.7mil in Q3
MAHB's 3Q net loss narrows to RM9mil
Alliance Bank on track to achieving strategic priorities
Most Asian currencies hold firm against dollar, ringgit declines
Crypto exchange Bitfront shuts down
RHB Bank records net profit of RM700.48mil in Q3

Others Also Read