Trading ideas: Yinson, KPJ, Malaysian Resources Corp, Mynews, Khee San and Citaglobal


KUALA LUMPUR: Stocks in focus following recent corporate announcements include Yinson, KPJ, Malaysian Resources Corp, Mynews, Khee San and Citaglobal, said Apex Research.

Yinson Holdings Bhd after its indirect unit has secured a RM3.33 billion syndicated loan facility for the FPSO Maria Quitéria project.

TPG Capital and Johor Corp have stopped talks about taking KPJ Healthcare Bhd private.

Malaysian Resources Corp Bhd (MRCB) is buying Quill Resources Holding Sdn Bhd (QRH)’s 39% stake in Sentral REIT’s manager.

MyNews Holdings Bhd has been served with a winding-up petition over a rental dispute involving a retail lot at the Pacific Express Hotel.

Khee San Bhd has proposed to undertake a scheme of arrangement, including a minimum RM55 million fundraising exercise, to settle the group's RM138.47 million debt.

Shareholders of Citaglobal Bhd have approved the proposed acquisition of the entire equity interest in Citaglobal Engineering Services Sdn Bhd (CESSB) for RM140 million.

Meanwhile, Apex said the FBM KLCI could continue to hover below the resistance of 1,427 points following the decline on Wall Street.

The US market tumbled overnight ahead of the September jobs report which would influence the Federal Reserve's policy tightening.

Similarly, European stocks declined amid volatile trading.

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