Trading ideas: Deleum, Talam, Pestech, Marine & General, Perisai

KUALA LUMPUR:  Deleum, Talam Transform , Pestech International and Marine & General are among the stocks to watch on Thursday, according to JF Apex Research.

The research house also expects Advancecon, Perisai Petroleum, Ibraco and Daya Materials to generate trading interest following their latest corporate news.

Deleum's 60%-owned subsidiary, Deleum Primera Sdn Bhd, has secured a five-year maintenance, construction and modification contract from Petronas Carigali Sdn Bhd.

Talam Transform has bagged a contract worth RM36.55mil for the construction of factory buildings as well as electric sub-stations in Dengkil, Selangor.

Pestech International said its unit has been awarded with an engineering, procurement, construction and commissioning (EPCC) contract for a new 230kV outdoor power substation in the Philippines, at a contract sum of about RM50.17mil.

Marine & General has been awarded a contract worth RM25mil by Repsol Oil & Gas Malaysia Ltd for the provision of two anchor handling tug supply vessels.

Advancecon has secured a sub-contract worth RM32.67mil at Gamuda Garden in the Gombak district.

Perisai Petroleum’s external auditor has warned of a material uncertainty in respect of the group’s financial statements for FY17 which may cast doubt over the group’s ability to continue as a going concern.

Ibraco has teamed up with HELP Education Services Sdn Bhd to offer education at the primary, secondary and pre-university levels.

Daya Materials has proposed to undertake a private placement of new ordinary shares of up to 10% of its total issued shares to third party investor(s) at an issue price to be determined later.

Meanwhile, the US markets extended their record highs after employment and manufacturing data beat expectation.

Earlier, European stocks ended mixed being dragged by retail counters as the region's sales data dropped while political concern on Catalonia's independence referendum continues to linger.

“Following the mixed performance in the US and Europe, the FBM KLCI could hover above 1,750 points after bouncing off the support level earlier this week,” JF Apex said.

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