Trading ideas: TNB, deleum, IWCity, Ge-Shen, EcoFirst, SMRT and Nylex

KUALA LUMPUR: Companies that could see increased trading interest include TNB, deleum, IWCity, Ge-Shen, EcoFirst, SMRT and Nylex, said Apex Securities Research.

Tenaga Nasional Bhd (TNB) guided that the prolonged outage of Manjung 4 power plant may lead to capacity revenue loss of RM400 million this year, prompting analysts to moderate their earnings growth forecasts.

Oil and gas services outfit Deleum Bhd is seeking to acquire a 70% stake in valves company OSA Industries Indonesia (OSAII) for US$7 million (RM33.1 million) to fortify its power and machinery (P&M) business in Indonesia.

Iskandar Waterfront City Bhd has unveiled its 10-year development plan comprising three projects in Johor Bahru, with an aggregate gross development value (GDV) of RM4.33 billion.

Ge-Shen Corp Bhd, whose share price has climbed 144% year-to-date, has proposed to purchase a 40% stake in electronics manufacturing services (EMS) firm Local Assembly Sdn Bhd for RM48 million cash, which is to be partially funded via proceeds from a private placement exercise.

Ecofirst Consolidated Bhd has proposed to dispose of a piece of vacant land in Shah Alam at a loss to HCK Capital Group Bhd for RM34 million cash, saying this will release the burden of monthly loan instalments of about RM1.35 million to its financier.

ACE Market-listed SMRT Holdings Bhd has been awarded a project by Pito AxM Platform (PAPI) to deploy its managed ATM infrastructure solutions in the Philippines through its wholly owned subsidiary N’osairis Technology Solutions Inc (NTSI).

After failing to submit its regularisation plan, which led to the suspension of its shares on Feb 7, Nylex Malaysia Bhd has now been given another six-month extension by Bursa Malaysia Securities Bhd to address its Practice Note 17 (PN17) status.

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Trading ideas , Apex , TNB , deleum , IWCity , Ge-Shen , EcoFirst , SMRT , Nylex


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