Trading ideas: Vertice, Vizione, Gagasan Nadi Cergas, Impiana Hotels and SC Estate Builder


KUALA LUMPUR: Stocks on Bursa Malaysia that would see investor consideration on Thursday embody Vertice, Vizione, Gagasan Nadi Cergas, Impiana Hotels and SC Estate Builder, in accordance with JF Apex Research.

Vertice and Consortium Zenith Sdn Bhd have mutually agreed to terminate the Package 2 contract of the Penang Mega Infrastructure Project.

The contract, awarded by Consortium Zenith to Buildmarque Construction Sdn Bhd (by which Vizione has a 50% stake) in August 2018, was for the development of a bypass connecting Bandar Baru Ayer Itam and the Tun Dr Lim Chong Eu Expressway in Penang, for a contract worth of RM815mil.

Gagasan Nadi Cergas has secured a RM195.21mil contract from Paramount Corp Bhd to construct 1,076 models of inexpensive houses in Greenwood Salak Perdana, Sepang.

Impiana Hotels has proposed to amass a 30% stake in fintech answer supplier Accuventures Sdn Bhd for RM4.2mil.

Tycoon Tan Sri Lee Kim Yew has mentioned SC Estate Builder’s present 10 administrators may be criminally chargeable for rejecting the nominations of eight candidates aspiring to be new administrators of the development firm.

Lee, who’s Country Heights Holdings Bhd government chairman, is among the many eight nominated candidates.

Meanwhile, JF Apex expects the FBM KLCI to relaxation its a resistance of 1,550 factors on the again of window-dressing.

The US markets ended in a single day with the Dow Jones and S&P500 at report ranges and European shares had been largely decrease attributable to holiday-thinned buying and selling within the area.

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