Trading ideas: Chin Hin, Hextar Global, Muar Ban Lee, KIP REIT, AME Eite and MicroLink Solutions


KUALA LUMPUR: Stocks that could be in the spotlight on Wednesday include Chin Hin, Hextar Global, Muar Ban Lee, KIP REIT, AME Eite and MicroLink Solutions, said JF Apex Research.

Chin Hin Group Property Bhd has won a RM330mil contract to undertake substructure and superstructure works for the Intel Pelican project in Penang.

Hextar Global Bhd's major shareholder Datuk Eddie Ong Choo Meng is injecting three industrial properties located at Pulau Indah Industrial Park into KIP Real Estate Investment Trust via transactions worth RM78.9mil.

Muar Ban Lee Group Bhd (MBL) is selling its 13.7% stake in Symphony Life to XOX Bhd for RM19.25mil cash.

AME Elite Consortium Bhd is constructing its sixth facility in i-Park@Indahpura following the expansion of its repeat customer HQPack Sdn Bhd.

Microlink Solutions Bhd is seeking to transfer its listing status to the Main Market from ACE Market.

Meanwhile, JF Apex said the FBM KLCI could remain sideways above the support of 1,394 points due to the ongoing uncertainty and lack of catalyst.

The US market declined overnight ahead of today's June CPI inflation data, which is expected to hit 8.8%.

In contrast, European stocks rose earlier as the Euro currency declined to a 20-year low against the US dollar.

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