Trading ideas: MyEG Services, Hartalega, Artroniq, Tanco, SMRT, MNRB and Kerjaya Prospek

KUALA LUMPUR: Investors may trade on recent corporate announcements in companies that include MyEG Services, Hartalega, Artroniq, Tanco, SMRT, MNRB and Kerjaya Prospek, said Apex Research.

The research firm said MyEG Services Bhd, which succumbed to a heavy selldown, pulling its share price to a 26-month low, bought back two million shares on the open market for RM1.44 million or 71.5 sen each.

Hartalega Holdings Bhd slipped into the red in 3QFY2023.

The Social Security Organisation (Perkeso) has emerged as Cypark Resources Bhd’s substantial shareholder.

Artroniq Bhd has proposed a private placement to issue up to 65.66 million new shares.

Loss-making property developer Tanco Holdings Bhd is buying a 50.1% stake in a real estate online sales submission and processing platform operator for RM20 million cash.

ACE Market-listed education and human resource provider SMRT Holdings Bhd has proposed to acquire 1.8 million shares or the remaining 36% stake not already owned by the group in N'osairis Technology Solutions Sdn Bhd (NTS) from Permata Kirana Sdn Bhd for RM72 million cash.

MNRB Holdings Bhd posted a net profit of RM71.23 million in the 4Q22.

Kerjaya Prospek Group Bhd has accepted another contract for the Seri Tanjung Pinang (STP) development in Penang.

Meanwhile, Apex said the local market may see bargain-hunting activities pick up and trade below the resistance of 1,500 points.

The US market ended higher after a choppy session as investors digested US Fed chairman Jerome Powell's comments that inflation is starting to ease, but interest rates are still likely to rise.

Earlier, European markets closed slightly higher after a choppy session while waiting for the Fed chairman's speech.

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