Trading ideas: TM, Lotte Chemical Titam, Yong Tai, Tomei, Swift Haulage, Kimlun and Bahvest Resources

TheStar Thu, May 11, 2023 08:37am - 10 months View Original


KUALA LUMPUR: Stocks with recent corporate announcements could be in focus today including TM, Lotte Chemical Titam, Yong Tai, Tomei, Swift Haulage, Kimlun and Bahvest Resources, said Apex Research.

A week after CelcomDigi Bhd announced it was pulling out from participating in the equity of Digital Nasional Bhd (DNB), Telekom Malaysia Bhd has announced that it has terminated the share subscription agreement (SSA) with DNB to be effective immediately.

Lotte Chemical Titan Holding Bhd (LCT) president and chief executive officer Park Hyun Chul said, warning of challenging times for the petrochemical industry, as supply is also outstripping demand, particularly now that China is becoming self-sufficient.

Yong Tai Bhd saw the emergence of a new largest shareholder after Domain Capital Sdn Bhd acquired 90 million shares representing a 23.8% stake in the property developer.

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YXPM 0.280

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