Trading ideas: MyEG, Eduspec, MAHB, Tan Chong – Business News


KUALA LUMPUR: My EG Services Bhd (MyEG), Eduspec Holdings Bhd , Tan Chong Motor Holdings Bhd and Malaysia Airports Holdings Bhd are among the stocks to watch on Monday, according to JF Apex.

The government has extended MyEG’s contract to undertake the voluntary repatriation of illegal foreign workers, to June 30. The contract, which took effect on Oct 10 last year, had expired on Dec 31.

Eduspec is partnering with PKU-HKUST Shenzhen-Hong Kong Institution (PKU) to promote the Carnegie Mellon University Robotics Academy (CMRA) certified Science, Technology, Engineering and Mathematics (STEM) education in China for three years.

MAHB expects its loss-making Istanbul Sabiha Gocken International Airport in Turkey to turn around in the financial year ending Dec 31, 2018 (FY18) — two years later than predicted.

A lawsuit filed in August last year by Konsortium Transnasional Bhd and six companies linked to the group against Tan Chong Motor has been dismissed.

The High Court has allowed its subsidiary Tan Chong Industrial Equipment Sdn Bhd’s application to strike out the claim made by the seven companies.

Meanwhile, US markets rallied to record highs despite December employment data missing estimates.

Earlier, European stocks also surged, led by automotive counters amid slower inflation in the region.

“Following the bullish performance in the US and Europe, the FBM KLCI could follow suit and extend its rally towards the resistance of 1,830 points,” JF Apex said.


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