Trading ideas: CMMT, Marine & General, Gadang, Priceworth

KUALA LUMPUR: Capitaland Malaysia Mall Trust (CMMT), Marine & General Bhd, Gadang Holdings Bhd , Priceworth International and Willowglen MSC Bhd are among stocks to watch on Thursday, according to JF Apex Research.  

The research house said CMMT’s distribution per unit (DPU) fell 2.3% to 2.08 sen for its 3QFY17, from 2.13 sen a year ago as a result of lower net property income (NPI), which declined 2.2% year-on-year no thanks to higher operating expenses.

Petronas Carigali Sdn Bhd has extended by another year a contract awarded to Marine & General for the provision of two anchor handling tug supply vessels. The contract extension is estimated to be valued at RM33mil.

Gadang's net profit rose 9.8% year-on-year mainly driven by its construction division.

Priceworth International has obtained approval for the third forest management plan for a forest management unit in Trus Madi, Sabah;

Willowglen has bagged a RM5.16mil contract from Samsung C&T Corp for the lump sum subcontract for BIMS & Marshalling panel design.

Meanwhile, US markets tumbled overnight following the rising bond yields and disappointing corporate earnings. Similarly,

European stocks declined as automotive and basic resource counters posted worse-than-expected results.

JF Apex said the FBM KLCI could consolidate and hover above the support of 1,730 points after yesterday's rebound.

Analyst Reports , trading ideas