Trading ideas: Revenue, Westports, UEM Sunrise, Landmarks, Volcano and Anzo

KUALA LUMPUR: Stocks to watch for on Wednesday include Revenue, Westports, UEM Sunrise, Landmarks, Volcano and Anzo, said Apex Research.

Revenue Group Bhd co-founders were charged in the Sessions Court here with fraud.

Westports Holdings Bhd and UEM Sunrise Bhd have both had their respective judicial review applications to challenge the Inland Revenue Board's additional tax assessments rejected by the High Court.

Landmarks Bhd’s wholly owned subsidiary has defaulted in its repayment on financing facilities totalling RM133.37 million.

Volcano Bhd, which has been issued with an unusual market activity query by Bursa Malaysia following a 24% spike in its share price, said it is assessing an equity fundraising exercise.

Anzo Holdings Bhd will be delisted from Bursa Malaysia Securities on March 17.

Meabwhile, Apex said the FBM KLCI could bounce off the support of 1,384 points towards the resistance of 1,430 points following the rebound on Wall Street.

The US market rallied overnight following a rebound in banking stocks while February CPI was within expectations.

Similarly, European stocks posted sharp gains led by financial counters in the aftermath of Silicon Valley Bank’s collapse.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Next In Business News

Daythree Digital inks underwriting agreement with M&A Securities
BOJ's Ueda says era of low global interest rates may be over
Australia inflation accelerates in April, keeps pressure on RBA
China's factory activity falls faster than expected as recovery stumbles
Radium makes debut on Main Market at 35c/share
New capacity a key earnings driver for Farm Fresh
Ringgit weaker against greenback as US debt ceiling resolution faces hurdles
Trading remains choppy in early morning trade
Penang Technology Park @ Bertam to create career opportunities up north
Trading ideas: MyEG, MAHB, Press Metal, Bank Islam, Alliance Bank, Berjaya, KPJ Healthcare, FGV, Farm Fresh, Panasoinc, Chin Hin, IOI and Shangri-La

Others Also Read