Trading ideas: Ancom, Nylex, Tex Cycle, NetX, Lambo, MISC, Econpile

TheStar Thu, Jul 16, 2020 08:53am - 3 years View Original


KUALA LUMPUR: Stocks to watch on Thursday include Ancom Bhd, Ancom Logistics Bhd, Nylex (M) Bhd, MQ Technology Bhd, Tex Cycle Technology, NetX Holdings, Lambo Group Bhd and MISC Bhd, according to JF Apex Research.

The research house also expects MGB Bhd, Econpile Holdings Bhd, Gagasan Nadi Cergas Bhd and Zhulian Corp Bhd to see trading interests following their latest corporate news.

Ancom, Ancom Logistics and Nylex will undergo a restructuring exercise that will see the logistics business move to Nylex and the entry of immigration technology company S5 Holdings Inc into Ancom Logistics, said sources familiar with the plans.

MQTech has inked an investment and collaboration JV agreement with Hong Kong-based JD Resources International Ltd to acquire a company that is involved in the manufacturing and marketing of gloves and possesses a glove-making factory.

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