Trading ideas: G3 Global, Ajiya, ES Ceramics Technology, CIMB Group, Computer Forms (Malaysia), Favelle Favco and Malaysian Bulk Carriers

KUALA LUMPUR: Stocks in concentrate on Friday contain G3 World wide, Ajiya, ES Ceramics Technologies, CIMB Team, Personal computer Sorts (Malaysia), Favelle Favco and Malaysian Bulk Carriers, explained JF Apex Study.

G3 Global Bhd has secured a RM118.38mil agreement from Malaysia Airports Holdings Bhd (MAHB) to jointly develop an airport integrated stability and security process (AIS3).

Ajiya Bhd has declared the resignation of its managing director Datuk Chan Wah Kiang.

ES Ceramic Technologies Bhd has proposed to acquire Evermix Concrete Sdn Bhd for RM83mil in a bid to diversify into the manufacturing and trading of construction resources.

CIMB Team Holdings Bhd is mulling to split the main executive officer (CEO) work at its team wholesale banking segment into two.

Personal computer Kinds (Malaysia) Bhd’s shareholders were suggested to reject the takeover bid by Datuk Seri Dr Jacky Pang as the offer you rate of 60 sen for every share is considered as “not truthful” and “not acceptable” by unbiased adviser.

Favelle Favco Bhd has declared a very first interim dividend of 85 sen per share.

Businessmen Datuk Chin Yoke Choon and Datuk Chin Yoke Kan have emerged as sizeable shareholders of Malaysian Bulk Carriers Bhd (Maybulk) after their personal car or truck Tunas Capital Sdn Bhd obtained a 16% stake in the dry bulk carrier last 7 days.

In the meantime, JF Apex said the FBM KLCI could continue being under strain and examination the aid at 1,575 details pursuing the bearish efficiency in Wall Street.

The US sector plunged overnight for its worst day considering that 2020 to erase gains recorded on Wednesday right after the Federal Reserve chairman dominated out the prospects of larger amount hikes.

Before, European shares right after the Financial institution of England raised curiosity costs by 25 basis points.