Trading ideas: Genting, JF Technology, PRG, Vivocom

KUALA LUMPUR: Genting, JF Technology, PRG and Vivocom International are among the stocks to watch on Wednesday, according to JF Apex Research.

The research house also expects Xin Hwa and Superlon to attract trading interest following their latest quarterly results and corporate news.

Genting Group is selling its Kensington, London-based casino Maxims in the UK for at least £40 million (about RM227mil), on speculation that Maxims's location might have caused the casino to lose business, based on a foreign news portal.

JF Technology has proposed a two-for-three bonus issue at an entitlement date to be determined later.

PRG has been given nod by the  Stock Exchange of Hong Kong Ltd to list its manufacturing business Furniweb Holdings Ltd on the exchange's Growth Enterprise Market.

Vivocom has secured a RM75mil construction contract for a mixed development in Terengganu.

Xin Hwa's wholly-owned unit Xin Hwa Trading & Transport Sdn Bhd has received a letter of award from BD Cranetech Pte Ltd for the transportation of precast element for the construction of rail and bus depot and reception tunnels in Singapore with an estimated contract price of S$6.9mil (RM21.5mil).

Superlon's 1QFY18 net profit dipped 41.52% year-on-year, dragged by lower sales and higher material costs in its manufacturing division.

Overnight,the  US markets ended mixed with the Dow suffering its first 4-day losing streak since June as technology counters rebounded.

European stocks closed flat as investor sentiment improved from the previous day's selloff in technology counters and geopolitical concern on North Korea.

“Following the uninspiring performance in the US and Europe, the FBM KLCI is expected to remain pressured and lacklustre in absence of catalyst with support at 1,750 points,” JF Apex said.

Analyst Reports , Genting