Trading ideas: TNB, deleum, IWCity, Ge-Shen, EcoFirst, SMRT and Nylex

TheStar Tue, Mar 05, 2024 08:30am - 2 months View Original


KUALA LUMPUR: Companies that could see increased trading interest include TNB, deleum, IWCity, Ge-Shen, EcoFirst, SMRT and Nylex, said Apex Securities Research.

Tenaga Nasional Bhd (TNB) guided that the prolonged outage of Manjung 4 power plant may lead to capacity revenue loss of RM400 million this year, prompting analysts to moderate their earnings growth forecasts.

Oil and gas services outfit Deleum Bhd is seeking to acquire a 70% stake in valves company OSA Industries Indonesia (OSAII) for US$7 million (RM33.1 million) to fortify its power and machinery (P&M) business in Indonesia.

Iskandar Waterfront City Bhd has unveiled its 10-year development plan comprising three projects in Johor Bahru, with an aggregate gross development value (GDV) of RM4.33 billion.

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BURSA 8.300
DELEUM 1.430
ECOFIRS 0.405
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NYLEX 0.240
SMRT 1.030
TENAGA 12.780

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