Trading Ideas: BCorp, Axis Reit, MAHB, Eden, T7 Global – Business News


KUALA LUMPUR: JF Apex Research expects Berjaya Corp (BCorp), Axis Reit, Malaysia Airports Holdings Bhd (MAHB) and Eden Inc to be among the stocks to watch on Thursday.

The research house also expects T7 Global Bhd , Unisem (M) Bhd and Jiankun to attract trading interest today following their latest corporate news.

BCorp founder and adviser Tan Sri Vincent Tan is taking back the position as executive chairman of the group after relinquishing the position on Feb 23, 2012.

Axis REIT lease a land from Malaysia Airports to build an industrial manufacturing facility to be leased to an aerospace components manufacturer.

Eden Inc plan to issue 155.68 free warrants to shareholder of one warrant for every 2 shares held.

T7 Global proposed a private placement of 10% of its issued share capital to third party investor to fund existing project

Unisem 3QFY17 net profit rose 4.7% year-on-year underpinned by higher sales, improved average selling prices as well as forex.

Jiankun has appointed former Magna Prima MD Datuk Lee Kian Seng as new managing director of the group.

Meanwhile, US markets advanced to record highs overnight after Federal Reserve kept interest rates unchanged.

European stocks also climbed as investor sentiment was buoyed by a slew of corporate earnings.

“Following the bearish momentum, the FBM KLCI could remain pressured and trend lower towards the support of 1,740 points,” JF Apex said.

Read more : thestar

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