Trading ideas: Digi, Axiata, Salcon, Bumi Armada, Straits Inter Logistics, Barakah

TheStar Tue, May 07, 2019 09:03am - 4 years View Original


KUALA LUMPUR: JF Apex Research expects Digi.com Bhd , Salcon Bhd , Bumi Armada Bhd Axiata Group Bhd , Straits Inter Logistics Bhd and Barakah Offshore Petroleum Bhd to be among the stocks to watch on Tuesday.


Digi’s largest shareholder, Norway-based Telenor Group, are in discussions with Axiata regarding a potential non-cash combination of their telecom and infrastructure assets in Asia.


Salcon's unit has bagged a sub-contract worth RM18.33mil for construction works for PNB Merdeka Ventures Sdn Bhd, from Gamuda M&E Sdn Bhd.


Bumi Armada said its joint venture (JV) company Shapoorji Pallonji Bumi Armada Godavari Pte Ltd (SPBAG) has been awarded a nine-year charter contract worth US$2.1bil (RM8.8bil), by India’s state-owned oil company, Oil and Natural Gas Corp Ltd.

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