Trading ideas: Kossan, Caely, Axiata, Digi, TSR Capital and LKL International

KUALA LUMPUR: Stocks to look at for on Monday adhering to corporate announcements incude Kossan, Caely, Axiata, Digi, TSR Capital and LKL Global, explained JF Apex Research.

Kossan Rubber Industries Bhd founder Tan Sri Lim Kuang Sia had in modern times elevated his indirect stake in the rubber glove manufacturer following buying 7.06 million shares.

Datuk Jovian Mandagie reported lingerie maker Caely Holdings Bhd built a phony announcement to Bursa Malaysia about his alleged appointment as the executive vice chairman.

Axiata Team Bhd and Digi.com Bhd are extending the deadline to fulfil situations that have been set out in their merger agreement from 22 June to 31 Dec this year.

TSR Capital Bhd is offering a house in Port Dickson to Malaysia’s McDonald’s licensee Gerbang Alaf Eating places Sdn Bhd for RM6mil.

LKL Global Bhd has proposed to undertake a renounceable legal rights challenge with cost-free warrants to raise up to RM58.3mil to fund its diversification into the pharmacy company.

Meanwhile, JF Apex mentioned the FBM KLCI could continue being pressured with guidance at 1,450 points subsequent the the latest uncertainty.

The US marketplace finished mixed on Friday with the Dow declining a little bit when the S&P and Nasdaq climbed amid concerns of an economic slowdown.

Equally, European stocks had been combined as central banks hiked desire prices in response to the US Federal Reserve’s fee hike.