Trading ideas: WCT, AirAsia, Ekovest, MMHE

KUALA LUMPUR: WCT, AirAsia, Ekovest and  Malaysia Marine and Heavy Engineering Holdings (MMHE) are among the stocks which could see trading interest on Tuesday after their corporate news, says JF Apex Research.

WCT has proposed a share dividend on the basis of one treasury share for every 165 existing units to reward the existing shareholders.

AirAsia has set up AirAsia Corporate Charter Sdn Bhd (AACC), as it set sights to become a full-fledged charter and private unscheduled business jet operator.

The research house said Ekovest's unit was appointed  to undertake the “Blue River Project”, valued at RM79mil by the Kuala Lumpur City Council (DBKL).

MMHE  won a RM1bil contract for the central processing platform (CPP) within Petroliam Nasional Bhd’s (Petronas) Bokor Phase 3 redevelopment project.

BTM Resources is planning to collaborate with two Chinese companies, namely the China Western Power International Pte Ltd and Sichuan No 2 Electric Power Construction Company (Sichuan Power), to establish a RM435mil municipal solid waste-to-energy (WTE) generation plant in Melaka.

As for Country Heights, its subsidiary received a winding-up petition from the government of Malaysia over some RM22.7mil of tax liabilities.

Kelington Group bagged a S$7.67mil (RM24.2mil) contract to provide works for a process piping system in Singapore. 

Key Alliance Group has bagged a contract worth RM24.75 million to design, build and manage a data centre in Persoft Tower in Petaling Jaya.

US markets rose overnight led by banking counters amid lower geopolitical concerns, quarterly earnings announcement and declined inflation. European markets were closed for Easter holiday.
 
On the local market, the FBM KLCI gained 2.94 points to close at 1,733.93. 

“Following the positive performance in Wall Street, the FBM KLCI could extend its rebound after bouncing off its support at 1,730,” it said.