Trading ideas: Maybank, PetDag, TM, UEM Sunrise, KNM, DWL

KUALA LUMPUR: JF Apex Research expects Malayan Banking Bhd (Maybank), Petronas Dagangan Bhd, Telekom Malaysia Bhd, UEM Sunrise Bhd, KNM Group Bhd and DWL Resources Bhd to be among the stocks to watch on Monday.

Maybank has terminated the collaboration agreement with troubled Hyflux Ltd in relation to the divestment of the Tuaspring integrated water and power plant (IWPP) in Singapore effective immediately.

Petronas Dagangan said it is collaborating with Telekom Malaysia to upgrade over 1,000 Petronas stations nationwide with next-generation network infrastructure, which allows its network of stations will be able to accept more digital-based functions that will change the way customers interact within the stations.

UEM Sunrise is currently in talks with a potential local partner to jointly-develop a high-rise project on 12.43 hectares of land in Durban, South Africa.

KNM has proposed to raise up to RM36.36 million via a private placement to third party investors to be identified later, to finance its ethanol plant in Chachoengsao, Thailand and for operating expenses, which is expected to raise gross proceeds of RM36.36mil.

DWL has appointed former Mass Rapid Transit Corp Sdn Bhd (MRT Corp) CEO Datuk Seri Shahril Mokhtar as its managing director.

JF Apex said the FBM KLCI could remain pressure with support at 1,615 points following the recent lackluster performance.

Source : TheStar