Trading ideas: Axiata, Fitters Diversified, EA Technique and CTOS Digital


KUALA LUMPUR: Stocks that could see increased investor attention on Friday include Axiata, Fitters Diversified, EA Technique and CTOS Digital, said Apex Research.

Axiata Group Bhd’s wireless tower business edotco Group Sdn Bhd is considering a share sale that could raise as much as US$600 million (RM2.7 billion).

Fitters Diversified Bhd is selling 18.97 hectares of agriculture land with residential development potential in Rawang for RM36 million.

EA Technique (M) Bhd is buying a new tugboat for US$3.75 million (RM16.72 million) in cash to undertake activities associated with marine terminal operations.

CTOS Digital Bhd is set to be the majority shareholder in RAM Holdings Bhd with a 55.88% equity interest after buying out the stakes of two shareholders totalling 16.45% for RM46.88 million.

Meanwhile, Apex said the FBM KLCI could extend its rebound towards the 1,500-point level following the positive performance on Wall Street.

The US market ended higher overnight as it extended its rebound amid expectations of a 75-basis point hike this month.

Earlier, European stocks rose after the European Central Bank raised interest rates by 75 basis points.

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