Trading ideas: Lotte, Muhibbah, Dutaland, Vizione, Econpile

KUALA LUMPUR: Lotte Chemical Titan, Muhibbah Engineering, Dutaland , Vizione and Econpile are among the stocks to watch on Monday after their corporate news, says JF Apex Research.

It said the Department of Environment (DOE) has lifted its stop-work order on Lotte Chemical Titan’s KBR Catalytic Olefins Technology catalytic cracking reactor (K-COT) within LCT's TE3 Project.

Muhibbah Engineering's 49% associate has secured additional design and construction work worth RM120.5mil at the Um Alhoul Economic Zone.

Boustead Plantations has firmed up its proposed purchase of 42 parcels of plantation land in Sabah for RM750mil from DutaLand.

JF Apex Research said Econpile has bagged a RM48mil contract for 9 Seputeh mixed development project at Old Klang Road.

A media report said Vizione is expected to bag a RM400mil construction job.

Last Friday, US markets closed lower after September's employment data disappointed amid two hurricanes last month. Earlier, European stocks tumbled following US' decline in labour market and political uncertainty in Spain.

At Bursa Malaysia, the FBM KLCI rose 4.91 points to 1,764. 

“Following the bearish performance in the US and Europe, the KLCI could trend sideways and hover between 1,750 and 1,770,” it said.

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