Trading ideas: Vertice, Vizione, Gagasan Nadi Cergas, Impiana Hotels and SC Estate Builder


KUALA LUMPUR: Stocks on Bursa Malaysia that could see investor attention on Thursday include Vertice, Vizione, Gagasan Nadi Cergas, Impiana Hotels and SC Estate Builder, according to JF Apex Research.

Vertice and Consortium Zenith Sdn Bhd have mutually agreed to terminate the Package 2 contract of the Penang Mega Infrastructure Project.

The contract, awarded by Consortium Zenith to Buildmarque Construction Sdn Bhd (in which Vizione has a 50% stake) in August 2018, was for the construction of a bypass connecting Bandar Baru Ayer Itam and the Tun Dr Lim Chong Eu Expressway in Penang, for a contract value of RM815mil.

Gagasan Nadi Cergas has secured a RM195.21mil contract from Paramount Corp Bhd to build 1,076 units of affordable homes in Greenwood Salak Perdana, Sepang.

Impiana Hotels has proposed to acquire a 30% stake in fintech solution provider Accuventures Sdn Bhd for RM4.2mil.

Tycoon Tan Sri Lee Kim Yew has said SC Estate Builder's existing 10 directors can be criminally liable for rejecting the nominations of eight candidates aspiring to be new directors of the construction company.

Lee, who is Country Heights Holdings Bhd executive chairman, is among the eight nominated candidates.

Meanwhile, JF Apex expects the FBM KLCI to rest its a resistance of 1,550 points on the back of window-dressing.

The US markets ended overnight with the Dow Jones and S&P500 at record levels and European stocks were mostly lower due to holiday-thinned trading in the region.
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