Trading ideas: Axis Real Estate Investment Trust, Serba Dinamik, Malaysia Airports Holdings, Scomi Group, ATA IMS, Tanco and Caely Holdings


KUALA LUMPUR: Stocks to watch for on Tuesday include Axis Real Estate Investment Trust, Serba Dinamik, Malaysia Airports Holdings, Scomi Group, ATA IMS, Tanco and Caely Holdings, said JF Apex Research.

Axis Real Investment Trust (Axis REIT) is buying a logistics warehouse facility in Pelabuhan Tanjung Pelepas (PTP) in Johor for RM390mil cash.

Serba Dinamik Holdings Bhd has failed to obtain a stay from the Court of Appeal over the High Court decision requiring it to reveal the fact-finding update of its special independent review done by Ernst & Young.

Malaysia Airports Holdings Bhd (MAHB) has appealed against a court dismissal of its application to strike out the RM479.78mil suit by AirAsia Bhd and AirAsia X Bhd (AAX) over alleged negligence of the management of klia2.

SCOMI GROUP BHD may be delisted on April 22 after its request to extend the deadline to submit its regularisation plan was rejected by Bursa.

ATA IMS Bhd said an independent assessment found that its Johor Bahru facilities adhered to both local and international labour standards.

Tanco Holdings Bhd replied to a UMA query that it is unaware of any reasons for the surge in its share price except for the progress in its pharmaceutical and construction ventures.

Caely Holdings Bhd has appointed an independent forensic auditor to look into allegations of fraud.

Meanwhile, JF Apex said the FBM KLCI could take a breather and consolidate below the resistance of 1,620 points.

The US market tumbled overnight led by technology stocks as investors waited for today's key inflation data to see how the Federal Reserve will react.

Similarly, European stocks declined amid volatility due to the ongoing war in Ukraine, lower oil prices and upcoming central bank meetings.

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