Trading ideas: Axiata, Malakoff, Dynaciate, PRG, MSC, Milux
KUALA LUMPUR: Axiata Group Bhd , Malakoff Corp Bhd, Dynaciate Group Bhd, PRG Holdings Bhd , Malaysia Smelting Corp Bhd (MSC) and Milux Corp Bhd are among the stocks to watch on Monday, according to JF Apex Research.
Mitsui & Co, one of Japan's largest trading houses, is making a strategic minority investment in Axiata’s digital service arm Axiata Digital Sdn Bhd (AD) that gives AD's core digital businesses a pre-money enterprise value of US$500mil.
Malakoff said its subsidiary Green Biogas Sdn Bhd (GBSB) and Tenaga Nasional (TNB) have entered into a renewable energy power purchase agreement, under which GBSB will sell electricity from its planned Johor power plant project to TNB for 21 years.
Dynaciate has bagged two contracts worth a total of RM35.62mil to undertake construction works.
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