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

KUALA LUMPUR: Stocks in target on Friday involve G3 World wide, Ajiya, ES Ceramics Technological innovation, CIMB Team, Personal computer Forms (Malaysia), Favelle Favco and Malaysian Bulk Carriers, mentioned JF Apex Exploration.

G3 World-wide Bhd has secured a RM118.38mil contract from Malaysia Airports Holdings Bhd (MAHB) to jointly acquire an airport built-in stability and protection technique (AIS3).

Ajiya Bhd has introduced the resignation of its controlling director Datuk Chan Wah Kiang.

ES Ceramic Technological innovation Bhd has proposed to acquire Evermix Concrete Sdn Bhd for RM83mil in a bid to diversify into the producing and investing of building materials.

CIMB Team Holdings Bhd is mulling to break up the chief govt officer (CEO) task at its group wholesale banking segment into two.

Laptop or computer Varieties (Malaysia) Bhd’s shareholders ended up suggested to reject the takeover bid by Datuk Seri Dr Jacky Pang as the present rate of 60 sen per share is considered as “not fair” and “not realistic” by unbiased adviser.

Favelle Favco Bhd has declared a first interim dividend of 85 sen for every share.

Businessmen Datuk Chin Yoke Choon and Datuk Chin Yoke Kan have emerged as considerable shareholders of Malaysian Bulk Carriers Bhd (Maybulk) following their personal car or truck Tunas Cash Sdn Bhd obtained a 16% stake in the dry bulk provider previous week.

Meanwhile, JF Apex claimed the FBM KLCI could continue to be under tension and check the aid at 1,575 points pursuing the bearish overall performance in Wall Road.

The US sector plunged overnight for its worst working day due to the fact 2020 to erase gains recorded on Wednesday immediately after the Federal Reserve chairman ruled out the prospects of bigger fee hikes.

Earlier, European shares following the Bank of England elevated curiosity charges by 25 foundation factors.