Trading ideas: CTOS Digital, Digi, Favelle Favco, MK Land, Hextar, Classic Scene, Artroniq, LYC and Pasukhas

KUALA LUMPUR: Shares to observe for consist of CTOS Digital, Digi.Com, Favelle Favco, MK Land, Hextar Systems Methods, Typical Scene, Artroniq, LYC Health care and Pasukhas Team, mentioned JF Apex Research.

CTOS Digital Bhd has proposed to purchase a 19.9% stake in RAM Holdings Bhd from Creador’s Oscar Matrix Sdn Bhd for RM51.3mil money, boosting its shareholding to 39.1%.

Digi.com Bhd‘s 2Q22 net earnings dropped 21.39% YoY to RM220.04mil, mainly owing to the a person-off prosperity tax.

Favelle Favco Bhd has bagged a overall of RM42.7mil new acquire orders to provide tower cranes.

MK Land Holdings Bhd is diversifying into renewable electrical power with the advancement of a 10.95-megawatt (MW) large-scale photo voltaic photovoltaic (PV) plant in Kerian, Perak.

The managing shareholder of Hextar Technologies Solutions Bhd.

Datuk Eddie Ong, has bought over the company’s overall stake of 14.94% in Basic Scenic Bhd in a linked celebration transaction and he is now the most significant shareholder of Common Scenic with a stake of 32.06%.

Artroniq Bhd has proposed to diversify its company to acquire precision engineering and machinery components producing by acquiring a 60% stake in Penang-centered Fujim Electronic Sdn Bhd (FDSB) for RM12mil.

LYC Health care Bhd is obtaining two firms in Negeri Sembilan — Nutrogreen Health Industries Sdn Bhd (NHISB) and Kitta Company — to improve its situation in the nutraceutical organization for RM525,000 and RM1mil respectively.

Pasukhas Team Bhd said Messrs Crowe Malaysia PLT (Crowe) has voluntarily resigned as the auditor of the enterprise due to a disagreement on the audit charges.

In the meantime, JF Apex reported the FBM KLCI could continue being sideways higher than the guidance of 1,394 details

On Friday, the US market place rallied in a reduction rebound following earnings bulletins by financial institutions these types of as Wells Fargo and Citigroup.

Likewise, European stocks rebounded in spite of weaker-than-envisioned Chinese GDP and central banks in Canada, South Korea, New Zealand, Singapore and the Philippines raised curiosity premiums.