Trading ideas: Tenaga, TM, Eden, MUI, Priceworth, APFT

TheStar Thu, Mar 05, 2020 08:58am - 4 years View Original


KUALA LUMPUR: Tenaga Nasional Bhd (TNB), TELEKOM MALAYSIA BHD, Eden Inc Bhd, MALAYAN UNITED INDUSTRIES BHD (MUI), PRICEWORTH INTERNATIONAL BHD and APFT BHD are among the stocks to watch on Thursday, according to JF Apex Research.

TNB has completed its acquisition of two UK-based renewable energy firms following the purchase by its unit, Tenaga Wind Ventures UK Ltd, of the remaining 20% stake in GVO Wind Ltd and Bluemerang Capital Ltd for £18.6mil (RM100mil).

Singapore-based Vodoke Pte Ltd, an IPTV solution provider, is seeking to claim from Telekom Malaysia a total of US$34.54mil (RM144.39mil) arising from a dispute in relation to IPTV Package orders in 2015.

Eden had received compensation amounting to RM16.71mil from the Government following the compulsory disposal of Eden's 6.39ha land in Kuantan, Pahang for the proposed East Coast Rail Link (ECRL) project.

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