Trading ideas: MyEg, AT Systematization
KUALA LUMPUR: JF Apex Research expects MyEG Services Bhd and AT Systematization Bhd to be among the stocks to watch following their latest news.
The Malaysia Competition Commission (MyCC) has issued a warning to MyEG over its non-compliance of an order to pay a penalty for abusing its dominant position, accumulating to RM9.46mil to date following dismissal remedial orders from Oct 7, 2015 to Jan 22, 2019, amounting to RM9.34mil sent after MyEG’s judicial review.
AT Systematization’s wholly-owned subsidiary, AT Precision Tooling Sdn Bhd, acquired a 9.09% stake in Trive Property Group Bhd for RM2.92mil as it seeks to expand into the solar energy business.
Meanwhile, US markets ended mixed on Friday amid concerns over slower economic growth and trade tensions between the US and China.
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