KUALA LUMPUR: JF Apex expects Tanjung Offshore Bhd, PDZ Holdings and Land & General Bhd to be among the stocks which could see trading action on Wednesday.
The research house also expects Apex Healthcare, Kuala Lumpur Kepong (KLK) and Astro Malaysia Holdings Bhd to generate some trading interest after their quarterly results announcements and corporate news yesterday.
Tanjung Offshore is planning to purchase a 51% stake in Wenmax Bhd, a Petroliam Nasional Bhd (Petronas) licensed vendor, for RM8mil to expand its upstream oil and gas sector.
PDZ is reconsidering its plan to venture into the downstream oil and gas business, as it aborted on Tuesday the exercise aimed at raising funds for its proposed billion-ringgit liquefied petroleum gas (LPG) project;
JF Apex said Land & Genera has proposed to buy over four companies from Malaysia Land Properties Sdn Bhd for a sum of RM298.32mil, with land banks strategically located in Klang Valley.
Meanwhile, Apex Healthcare’s 3QFY16 net profit rose 57.5% yoy, driven by higher revenue and profit contribution from its associate.
KLK has sweetened its takeover offer for London-listed MP Evans Group Plc, which operates plantations in Indonesia and Malaysia, from 640 pence (RM34.41) to 740 pence (RM39.78).
Astro is believed to be taken private by its major shareholder, T. Ananda Krishnan based on a media report