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.