Trading ideas: T7, Hai-O, Bioalpha, Boustead, Jade Marvel, KIP Reit

TheStar Wed, Jan 20, 2021 08:52am - 3 years View Original


KUALA LUMPUR: Stocks to watch on Wednesday include T7 Global Bhd, Hai-O Enterprise Bhd, Bioalpha Holdings Bhd, Boustead Holdings Bhd, Jade Marvel Group Bhd and KIP Real Estate Investment Trust (REIT), according to JF Apex Research.

T7 Global has won a contract extension from Petronas Carigali Sdn Bhd to provide underwater inspection services using a mini remotely-operated vehicle.

Beshom Holdings Bhd (Beshom) will take over the listing status of Hai-O Enterprise under a corporate exercise where Beshom will focus on multi-level marketing, manufacturing, property while Hai-O will concentrate on wholesale and retail business.

Bioalpha has proposed to undertake a rights issue of up to 83.34 million new shares and up to 208.34 million new irredeemable convertible preference shares (ICPS) to raise funds primarily for the group's working capital requirements.

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