Trading ideas: Axis Real Estate Investment Trust, Serba Dinamik, Malaysia Airports Holdings, Scomi Group, ATA IMS, Tanco and Caely Holdings

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KUALA LUMPUR: Stocks to observe for on Tuesday embrace Axis Real Estate Investment Trust, Serba Dinamik, Malaysia Airports Holdings, Scomi Group, ATA IMS, Tanco and Caely Holdings, mentioned JF Apex Research.

Axis Real Investment Trust (Axis REIT) is shopping for a logistics warehouse facility in Pelabuhan Tanjung Pelepas (PTP) in Johor for RM390mil money.

Serba Dinamik Holdings Bhd has did not get hold of a keep from the Court of Appeal over the High Court choice requiring it to disclose the fact-finding replace of its particular unbiased assessment achieved by Ernst & Young.

Malaysia Airports Holdings Bhd (MAHB) has appealed in opposition to a court docket dismissal of its software to strike out the RM479.78mil go well with by AirAsia Bhd and AirAsia X Bhd (AAX) over alleged negligence of the administration of klia2.

SCOMI GROUP BHD could also be delisted on April 22 after its request to increase the deadline to submit its regularisation plan was rejected by Bursa.

ATA IMS Bhd mentioned an unbiased evaluation discovered that its Johor Bahru services adhered to each native and worldwide labour requirements.

Tanco Holdings Bhd replied to a UMA question that it’s unaware of any causes for the surge in its share value aside from the progress in its pharmaceutical and building ventures.

Caely Holdings Bhd has appointed an unbiased forensic auditor to look into allegations of fraud.

Meanwhile, JF Apex mentioned the FBM KLCI might take a breather and consolidate beneath the resistance of 1,620 factors.

The US market tumbled in a single day led by know-how shares as traders waited for in the present day’s key inflation information to see how the Federal Reserve will react.

Similarly, European shares declined amid volatility because of the ongoing battle in Ukraine, decrease oil costs and upcoming central financial institution conferences.



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