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Kenanga Research target price for Tri-Mode at 74 sen

KUALA LUMPUR: Kenanga Research has a target price of 74 sen for Tri-Mode System (M) Bhd -- which is seeking to list on the ACE Market – based on FY19E price-to-earnings ratio (PER) of 15 times. The IPO price is 61 sen.

Trading ideas: Hubline, Amtek, Vizione, Tasco

KUALA LUMPUR: JF Apex Research expects Hubline Bhd, Amtek Holdings Bhd, Vizione Holdings Bhd and Tasco Bhd to be among the stocks to watch on Tuesday following their corporate news.

Tasco unit sells property for RM17.5mil

KUALA LUMPUR: Tasco Bhd’s unit, Titian Pelangi Sdn Bhd, has signed a sales and purchase agreement with Onostatic Sdn Bhd for the disposal of a property for RM17.5mil.

Yee Lee, Tasco to start new logistics joint venture

KUALA LUMPUR: Yee Lee Corp Bhd has partnered Tasco Bhd to start a new joint venture that will focus on logistic and distribution business.

Cautious sentiment to dampen gains in Q4

KUALA LUMPUR: JF Apex Research has reiterated its Neutral view on the local bourse and maintained its year-end 2017 FBM KLCI target of 1,740 points and set a 2018 KLCI year-end target of 1,860 points.

Trading ideas: Kerjaya Prospek, Seacera, Notion VTec

KUALA LUMPUR: JF Apex Research expects Kerjaya Prospek, Seacera Group, Notion VTex and Carlsberg to be among the stocks to see trading interest following their latest news.

Local companies urged to capitalise on air cargo industry

SEPANG: Local companies need to act quickly to grab the opportunities and participate in the Kuala Lumpur International Airport (KLIA) cargo space which is currently having an exciting growth as foreign interest grows.

Tasco poised to become end-to-end logistics solutions provider

THIS year has largely been positive for logistics firm Tasco Bhd. The case has been generally similar for most of Malaysia’s logistics-related counters which have performed stronger, buttressed by the improved trade outlook for Malaysia and the accelerated growth of e-commerce.

Breakfast briefing: Friday, June 30 (Update)

Breakfast briefing: Friday, June 30

Tasco shareholders approve venture into cold chain business

SHAH ALAM: Logistics player Tasco Bhd expects its maiden foray into the cold chain business to contribute about 15% to 20% to revenue for the financial year ending March 31, 2018 (FY18), after both proposals of its EGM received near unanimous approvals from shareholders.