Trading ideas: Axiata, RHB Bank, VS Industry, BCorp, BLand,

KUALA LUMPUR: Stocks to watch on Monday include Axiata Group Bhd, RHB Bank Bhd, VS Industry Bhd, Berjaya Corp Bhd and Berjaya Land Bhd, according to JF Apex Research.

Axiata and RHB Bank are among the front runners to win one of five coveted digital banking licences in the country, which could unlock a slice of the booming e-commerce market, based on a news report.

VS Industry saw its net profit in its 2QFY22 declined by 30% year-on-year no thanks to lower orders for printed circuit board assembly from key customers during the current quarter, coupled with disruption in the global supply chain which affected the supply of components.

Berjaya Corp’s subsidiary Berjaya Enviro Holdings Sdn Bhd (BEnviro) is teaming up with Qhazanah Sabah Bhd, the Sabah State government’s strategic investment arm, to develop and modernise waste management facilities in Sabah.

Berjaya Land is collaborating with Sabapak Eco Sdn Bhd to jointly develop a Sustainable Tourism Destination in Sabah. The two parties will jointly formulate a comprehensive sustainable plan to develop and transform part of Gaya, Sapi and Bohey Dulang Islands into a prime destination for eco-tourism.

Seacera is partnering with Ikhlas Al Dain Sdn Bhd, the indirect wholly-owned unit of Mlabs Systems, to develop holiday villas in Kemaman, Terengganu that will have an estimated gross development value of RM156.46mil.

Bintai Kinden has formed a 51:49 JV with Petro Flanges & Fittings Sdn Bhd (PFF) to supply materials and equipment to the local and international oil and gas industry, including the Middle East, via the distributorship channel of PFF.

AME Elite Consortium has obtained the approval from the Securities Commission Malaysia for the proposed establishment and listing of an industrial real estate investment trust (AME REIT) on the Bursa Malaysia Main Market. AME REIT will have an initial fund size of 520 million.

Meanwhile, JF Apex said the FBM KLCI’s technical indicators are positive with the RSI climbing towards the overbought region while the MACD crossed above its signal line.

“After the rebound rally in January, the FBM KLCI pulled back after hitting the resistance of 1,620 points.

“After last week’s gains, the FBM KLCI could extend its rebound towards the resistance of 1,620 points,” it said.