Trading ideas: Maxis, Berjaya, Westports, KKNM, Muar Ban Lee and Green Packet


KUALA LUMPUR: Stocks in focus following the Lunar New Year holiday include Maxis, Berjaya, Westports, KKNM, Muar Ban Lee and Green Packet, said Apex Research.

In a note, the research firm said Maxis Bhd will postpone seeking its shareholders' approval on the entry into a 5G AA with Digital Nasional Bhd until the government finalises the 5G implementation policy.

Berjaya Corp Bhd (BCorp) founder and major shareholder Tan Sri Vincent Tan Chee Yioun has pared his stake.

Westports Holdings Bhd’s net profit rose 5.46% to RM235.04 million for the fourth quarter.

KNM Group Bhd has proposed a private placement to raise as much as RM18.38 million.

Muar Ban Lee Group Bhd has proposed to undertake a bonus issue of 113.77 million warrants on the basis of one warrant for every two existing ordinary shares.

Loss-making digital solutions company Green Packet Bhd is selling its entire 100% stake in software development company Xendity Sdn Bhd.

Meanwhile, Apex said it expects the FBM KLCI to take a breather with some profit-taking activities and consolidate below the resistance of 1,500 points.

The US market closed mixed with the Dow up but S&P and Nasdaq down after a raft of mixed earnings and a technical malfunction at the opening bell.

Earlier, European stocks declined even after flash PMI data showed return to growth for the eurozone.

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