Trading ideas: Theta Edge, Toyo Ventures Holdings, Kejuruteraan Asastera, KIP Real Estate Investment Trust and Suria Capital Holdings

KUALA LUMPUR: Stocks that could be in focus on Thursday include Theta Edge Bhd, Toyo Ventures Holdings Bhd, Kejuruteraan Asastera Bhd, KIP Real Estate Investment Trust and Suria Capital Holdings Bhd, says JF Apex Research.

Theta Edge Bhd was appointed by the Malaysian Communications and Multimedia Commission as the designated universal service provider for the provision and implementation of Phase 1 Jendela project.

Toyo Ventures Holdings Bhd has withdrawn its proposed dividend of one sen per share due to "insufficient retained earnings”.

Kejuruteraan Asastera Bhd (KAB) announced that its wholly-owned subsidiary, KAB Energy Power Sdn Bhd, made its first issuance of sukuk murabahah worth RM19.95mil.

Datin Teoh Siew Chin has ceased to be a substantial unitholder of KIP Real Estate Investment Trust (REIT) after disposing 14.88 million units in an off-market transaction on Jan 28.

Suria Capital Holdings Bhd has appointed deputy head of Sabah division for Parti Pribumi Bersatu Malaysia Datuk Juslie Ajirol as one of its new independent and non-executive directors.

Meanwhile. the FBM KLCI could rebound following the positive performance eon Wall Street overnight.

The US maarket climbed to extend its winning streak to four days amid corporate earnings as equities contiues to rebound from concerns of rate hikes.

Similarly, European stocks rose following strong quarterly results.
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