Trading ideas: Barakah, Ekovest, Sinotop, Salcon, Destini
KUALA LUMPUR: JF Apex Research expects Barakah Offshore Petroleum Bhd , Ekovest Bhd , Sinotop Holdings Bhd , Salcon Bhd and Destini Bhd to be among the stocks to watch on Wednesday.
Barakah has secured a white knight to inject fresh capital into the group under the company's plannned debt restructuring.
Ekovest has proposed to raise up to RM202.59mil via a private placement to third party investors to be identified later, to repay bank borrowings, fund its property development projects and for working capital.
Sinotop's major shareholder plans to inject his construction company into the group in line with its strategic plan to expand and strengthen its infrastructure construction business to further enhance the group’s earnings.
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