Trading ideas: T7 Global, Opcom, Reservoir Link Energy, Yinson and EP Manufacturing

KUALA LUMPUR: Stocks that are expected to see trading interest on Tuesday include T7 GLOBAL, Opcom, Reservoir Link Energy, Yinson and EP Manufacturing, said Apex Research.

T7 Global Bhd as it has won contracts worth RM400 million in Thailand for the provision of leasing, operations and maintenance of a mobile offshore production unit in the Nong Yao Field, Southern Gulf of Thailand.

Opcom Holdings Bhd is buying T&J Engineering Sdn Bhd (TJE) from T&J Assets Holdings Sdn Bhd at a price of up to RM90 million, to be paid via a combination of cash (30%) and new shares (70%).

Reservoir Link Energy Bhd has received a letter of award from Petronas Carigali Sdn Bhd for the provision of completion of new technology equipment and services, including Boron EaziGoFlo erosion-resistant sand screen and related services.

Yinson Holdings Bhd has marked its foray into the Indonesian energy market after acquiring a majority stake in turnkey solar company PT Ineco Solar Solutions.

EP Manufacturing Bhd has signed two investment agreements on its venture into the two-wheeled electric vehicle business worth US$50m and US$125m respectively.

Meanwhile, Apex said the FBM KLCI could consolidate and hover above the support of 1,450 points.

The US market rose overnight in a rebound ahead of today's Federal Reserve monetary policy meeting where the central bank is expected to raise interest rates by 75 basis points tomorrow.

Similarly, European stocks climbed as investors waited for the outcome from the Fed's meeting.

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