Trading ideas: Ancom, NWP Holdings, KPower, SCIB, Eco World Development, GFM and Sunway


KUALA LUMPUR: Stocks to look at for on Wednesday embody Ancom, NWP Holdings, KPower, Sarawak Conslidated Industries, Eco World Development Group, GFM Services Bhd, Sunway, SM Track, Country Heights Holdings, Jiankin International, Sersol, Techna-X and MQ Technology, says JF Apex Research.

Ancom Bhd recorded a 95.12% leap in internet revenue at RM12.08mil for its second quarter ended Nov 30, 2021.

NWP Holdings Bhd has sued its managing director Datuk Seri Kee Soon Ling and unbiased non-executive director Yew Onn Chong over alleged fraudulent transactions.

Datuk Mohd Abdul Karim Abdullah has ceased to be a considerable shareholder in building and engineering options participant KPower Bhd after disposing 79.05 million shares between February 2021 and January 2022.

Trading within the shares of Sarawak Consolidated Industries Bhd (SCIB) will resume in the present day following the discharge of the group’s excellent annual report.

Eco World Development Group Bhd (EcoWorld) has proposed a bonus concern within the type of one warrant for each 5 current shares.

GFM Services Bhd (GFM) is partnering property developer Majuperak Holdings Bhd to collectively develop and function a relaxation and service space (RSA) at Hulu Bernam, Perak, alongside the North South Expressway.

Sunway Bhd’s property arm, Sunway Property Bhd is eyeing RM2.2bil in gross sales and RM2.3bil in launches for 2022.

A consortium, comprising SMTrack Bhd, Country Heights Holdings Bhd, Jiankun International Bhd, Sersol Bhd, Techna-X Bhd and MQ Technology Bhd has signed a Heads of Agreement (HOA) with 5G Infra Tech Solution Sdn Bhd to undertake a sequence of company workout routines.

Meanwhile, the FBM KLCI might pattern decrease in the direction of a assist of 1,515 factors after dropping 12.41 factors to 1,542.92 within the earlier session.

Wall Street was bearish in a single day with the foremost indices plunging on issues over coverage tightening and company earnings.

European shares in the meantime tumbled as a result of increased oil costs and expectation of rate of interest hikes.

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