Trading ideas: Kelington, Inta Bina, JAG, Sapura Energy, Leong Hup International, South Malaysia Industries and Reneuco

KUALA LUMPUR: Stocks in focus on Tuesday according to JF Apex Research include Kelington, Inta Bina, JAG, Sapura Energy, Leong Hup International, South Malaysia Industries and Reneuco.

Kelington Group Bhd after it has won an ultra high purity contract worth about RM330 million to undertake the bulk and speciality gas system distribution works.

Inta Bina Group Bhd has accepted a letter of award worth RM146 million from Eco Ardence Sdn Bhd to design and build main building works in relation to a mixed-use development project located in Shah Alam, Selangor.

JAG Bhd is buying a 12-and-a-half-storey building in Taman Desa, Kuala Lumpur for RM35.29 million.

Bank Negara Malaysia has accepted Sapura Energy Bhd’s application for assistance to mediate debt restructuring with its multicurrency facilities (MCF) financiers.

The Malaysian Competition Commission (MyCC) has granted Leong Hup International Bhd a one-month extension to submit its written representation in response to MyCC’s poultry feed price-fixing proposed decision.

South Malaysia Industries Bhd (SMI) has been slapped with an unusual market activity query by Bursa Malaysia.

KPower Bhd has changed its name to Reneuco Bhd.

Meanwhhile, JF Apex says the FBM KLCI could remain under pressure with support at 1,483 points following its lacklustre performance.

The US market was closed for the Labour Day holiday.

In Europe, stocks declined following concerns of energy supply from Russia.