Trading ideas: Kossan, Caely, Axiata, Digi, TSR Capital and LKL International
KUALA LUMPUR: Stocks to check out for on Monday pursuing corporate announcements incude Kossan, Caely, Axiata, Digi, TSR Funds and LKL International, stated JF Apex Study.
Kossan Rubber Industries Bhd founder Tan Sri Lim Kuang Sia had in new days elevated his oblique stake in the rubber glove producer soon after buying 7.06 million shares.
Datuk Jovian Mandagie reported lingerie maker Caely Holdings Bhd built a phony announcement to Bursa Malaysia regarding his alleged appointment as the government vice chairman.
Axiata Team Bhd and Digi.com Bhd are extending the deadline to fulfil problems that have been established out in their merger settlement from 22 June to 31 Dec this year.
TSR Cash Bhd is selling a property in Port Dickson to Malaysia’s McDonald’s licensee Gerbang Alaf Dining establishments Sdn Bhd for RM6mil.
LKL Global Bhd has proposed to undertake a renounceable rights situation with totally free warrants to raise up to RM58.3mil to fund its diversification into the pharmacy company.
Meanwhile, JF Apex reported the FBM KLCI could keep on being pressured with aid at 1,450 details pursuing the latest uncertainty.
The US marketplace ended mixed on Friday with the Dow declining a bit though the S&P and Nasdaq climbed amid issues of an economic slowdown.
Similarly, European shares have been mixed as central banking institutions hiked curiosity premiums in response to the US Federal Reserve’s rate hike.
