Trading ideas: Revenue, Paragon Union, Majuperak, Focus Point and Computer Forms

KUALA LUMPUR: Stocks that may be in focus on Friday include Revenue, Paragon Union, Majuperak, Focus Point and Computer Forms, said Apex Research.

In its daily highlights, Apex said Revenue Group Bhd after two of its executive directors, brothers Brian Ng Shih Chiow and Dino Ng Shih Fang, whose executive functions were suspended on Wednesday had illegally seized documents belonging to the company.

Paragon Union Bhd is selling industrial land in Cheras, Selangor for RM17.5 million to D’nonce Technology Bhd.

Majuperak Holdings Bhd is selling a 134.2-hectare piece of leasehold land in Perak to state-owned Perak Agro Corp Sdn Bhd for RM9.53 million as debt settlement.

Focus Point Holdings has completed its transfer to Bursa Malaysia’s Main Market from ACE Market.

Computer Forms (M) Bhd plans to team up with Thailand-based Energy Absolute PCL by 1Q23 to jointly produce and distribute electric vehicles (EVs) as well as EV chargers in Malaysia.

Meanwhile, Apex said the FBM KLCI could pull back towards the support of 1,460 points following the decline on Wall Street.

The US market declined overnight after better-than-expected jobs data could prompt the Federal Reserve to remain aggressive in its rate hikes.

Earlier, European stocks fell after the US' strong jobs data and hawkish Federal Reserve meeting minutes.

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