Trading ideas: IHH, Dialog, SCIB, Hibiscus, Dayang, Reservoir Link

KUALA LUMPUR: IHH Healthcare Bhd, Dialog Group Bhd, Impiana Hotels Bhd, Capitaland Malaysia Trust, Dynaciate Group Bhd, Sarawak Consolidated Industries Bhd (SCIB), Hibiscus Petroleum Bhd, Dayang Enterprise Holdings Bhd and Reservoir Link Energy Bhd are among the stocks to watch on Wednesday.

JF Apex Research in a report said IHH has proposed to dispose of its assets worth RM1.35bil.

Dialog is buying the entire stake in Canada-listed oil and gas firm Pan Orient Energy Corp (POEC) for RM170mil.

Impiana has proposed to undertake a five-to-one share consolidation and issuances of redeemable convertible notes to raise up to RM150mil, mainly for repayment of borrowings and working capital.

CapitaLand Malaysia has proposed to buy industrial properties in Penang from Dynaciate Group Bhd for RM80mil to venture into the logistics sector.

SCIB has secured an engineering, procurement, construction and commissioning contract worth RM30.75mil.

Hibiscus has discontinued the payment of state sales tax (SST) imposed by Sabah after its appeal against the tax enforcement was met with silence from the Sabah finance minister.

Dayang Enterprise has secured a contract to provide maintenance, construction and modification for the PM8E Seligi oil fields located some 240 kilometres offshore Peninsular Malaysia.

Reservoir Link Energy Bhd has secured letters of award to develop two solar rooftops.

Meanwhile, JF Apex said following the recent decline, the FBM KLCI could remain pressured with support at 1,515 points.

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JF Apex , IHH , Dialog , SCIB


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