Trading ideas: HCK Capital, Scomi Energy, EP Manufacturing and TSR Capital


KUALA LUMPUR: Stocks that could be in the spotlight on Tuesday include HCK Capital, Scomi Energy, EP Manufacturing and TSR Capital, said Apex Research.

HCK Capital Group Bhd said it will take over the incomplete property development project — Empire Remix 1 — in Subang Jaya.

The concessionaire of the proposed Petaling Jaya Dispersal Link (PJD Link Expressway) is seeking a listing on Bursa Malaysia via the reverse takeover of Practice Note 17 (PN17) company Scomi Energy Services Bhd at an indicative price of RM922mil.

EP Manufacturing Bhd (EPMB) has been approved to assemble and manufacture two-wheeled electric vehicles (EVs) at its upcoming manufacturing facility in Glenmarie, Shah Alam.

TSR Capital Bhd has proposed to dispose of a piece of land measuring 22,134 sq m in Port Dickson with a building erected on it for RM23.8 mil.

Meanwhile, Apex said the FBM KLC could track the rebound on Wall Street and climb towards the resistance of 1,425 points.

The US market jumped overnight in a relief rally as bond yields declined.

Similarly, European stocks rose in a sharp rebound as oil prices rose after reports that OPEC+ is considering a production cut.

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