Trading ideas: CAB Cakaran, Puncak, EITA, UEM Edgenta - Business News | The Star Online


Trading ideas: CAB Cakaran, Puncak, EITA, UEM Edgenta

KUALA LUMPUR: CAB Cakaran , Puncak Niaga, EITA and UEM Edgenta are among the stocks which could attract trading interest on Thursday, says JF Apex Research.

It said CAB Cakaran is setting up a poultry slaughtering plant in Singapore, along with a dormitory for its workers. 

The group’s 51%-owned Tong Huat Poultry Processing Factory Pte Ltdis teaming up with four parties to subscribe for stakes in Singapore Poultry Hub Pte Ltd, which will operate and manage the plant.

Puncak Niaga obtained the Securities Commission’s approval to buy TRIplc Bhd for RM210mil cash, to enhance its construction segment's revenue and long-term growth prospects.

JF Apex Research said as for EITA Resources , it bagged a RM11.3mil subcontract to supply and install 23 lifts for a residential development in Setapak.

UEM Edgenta is selling its 61.2% stake in New Zealand-listed Opus International Consultants Ltd at a higher price of NZ$1.92 (about RM6.01) a share.

Overnight on Wall Street, US markets extended their record highs as gains in energy counters offset decline in technology stocks. Earlier, European stocks tumbled led by losses in mining and basic resources counters.
At Bursa, the FBM KLCI lost 3.79 points to end the day at 1,786.07. 

“Following the mixed performance in the US and Europe, the KLCI is expected to continue hovering below the resistance of 1,800,” it said.

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