Trading ideas: Eco World International, E&O, Salcon, MyNews, Ta Win
KUALA LUMPUR: JF Apex Research expects Eco World International Bhd, Eastern & Oriental Bhd (E&O), Salcon Bhd , MyNews Holdings Bhd and Ta Win Holdings Bhd to be among the stocks to watch.
Eco World International bought out the remaining 20% it does not own in its Australian JV Eco World- Salcon Y1 Pty Ltd, from Salcon for A$452mil (RM13.25mil).
E&O is looking to raise at least RM123mil from its private placement, which will be destined for the second phase of its Seri Tanjung Pinang development (STP2A) within Penang’s northeastern enclave.
MyNews is facing a suit from two artists alleging copyright infringement.
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