Trading ideas: Instacom, Zecon, PPB Group

KUALA LUMPUR: Hwang DBS Vickers Research (HDBSVR) expects ACE Market-listed Instacom, Zecon and PPB Group to be among the counters which could see trading interest on Monday.

It said it was reported that Instacom is believed to have secured a RM200mil contract to build telecommunication network and infrastructure for the wiring up of schools in Sarawak.

As for Zecon, it bagged a RM83mil construction contract valued at RM83m while PPB Group's latest quarterly result showed a 32% net profit jump to RM236m

On the market outlook, it said the positive Wall Street performance and rising confidence in the US economy might lift sentiment on our Malaysian stock exchange.

"From a technical perspective, the benchmark FBM KLCI could recover from last week's weak performance by treading with a marginal upward bias towards the immediate resistance barrier of 1,785," it said.

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Trading ideas , Instacom , Zecon , PPB Group


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