Trading ideas: Suncon, Gabungan AQRS, WCT, Yi-Lai, Aeon Credit

KUALA LUMPUR: JF Apex Research expects Sunway Construction, Gabungan AQRS, WCT and Yi-Lai to be among stocks to watch on Friday.

The research house also expects Aeon Credit , Pos Malaysia, Bison and WZ Satu to generate trading interest following their corporate news.

Sunway Construction bagged a contract worth RM2.18bil for the LRT 3 project (Bandar Utama, Petaling Jaya  to Johan Setia, Klang) from Prasarana Malaysia Bhd.

Gabungan AQRS was awarded another LRT3 contract worth about RM1.14bil to construct guideway, stations, park-and-ride, ancillary buildings and other associated works.

WCT was awarded a LRT3 contract worth RM640mil, to build the guideway and other associated works from Merchant Square to Suria Damansara, stretching 2.9km long with two stations.

Yi-Lai has received a takeover offer from its executive director Aaron Tan Jian Hong and non-independent non-executive director Wendy Kang Hui Lin to acquire the remaining shares in the company at 78.5 sen a share.

Aeon Credit posted a net profit of RM71.39mil for 2QFY18, up 29.3% year-on-year thanks to higher revenue and other operating income.

Pos Malaysia's courier arm PosLaju has been made the exclusive e-commerce logistics partner in the region for online shopping platform PG Mall Sdn Bhd.

The partnership will enable PosLaju to serve more than 5,300 PG Mall's active merchants daily, and is likely to contribute about RM500,000 to the group's bottom line for FY18.

Bison has inked two separate agreements with Japanese-owned companies Gourmet Kineya Co Ltd and MRA Bakery Sdn Bhd respectively for the development, supply and sale of ready-to-eat food and baked goods.

WZ Satu has warned investors of an expected share of loss of RM1.2mil in its mining segment results for its 4QFY17 due to a complete ban on bauxite export by the Federal Government in Kuantan, Pahang.

Overnight, the US markets rallied to extend their record highs led by technology and financial counters following optimism on tax reform.

Earlier, European stocks were flat as investors monitored the political situation in Spain.

“Following the mixed performance in the US and Europe, the FBM KLCI could remain sideways above the support of 1,750 points,” JF Apex said.

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