Trading ideas: YTL Corp, Astro, Meda Inc, T7, Scomi, D’Nonce

TheStar Mon, Dec 10, 2018 09:01am - 5 years View Original


KUALA LUMPUR: JF Apex expects YTL Corp Bhd , Astro Malaysia Holdings Bhd, Meda Inc Bhd , T7 Global Bhd , Scomi Group Bhd and D’Nonce Technology Bhd to be among the stocks to watch on Monday.


YTL Corp is buying Spanish firm SOL HTL Project, which owns a freehold property in Madrid that will be refurbished and converted into a 200-room hotel that will operate under the Marriot International Inc's EDITION brand, for euro 220 million (RM1.038bil).


Astro will be undertaking a Voluntary Separation Scheme (VSS) that will allow the group to further simplify the organisation, enhance operational efficiency and reduce annual operating expenses.


Three subsidiaries of Scomi Group Bhd have applied for judicial management at the Shah Alam High Court today to temporarily shield them from legal proceedings “by third parties”.

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