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Trading ideas: Asia Poly, Muhibbah Engineering, Ahmad Zaki, Daya Materials


KUALA LUMPUR: Asia Poly Holdings Bhd , Muhibbah Engineering (M) Bhd , Ahmad Zaki Resources Bhd and Daya Materials Bhd are among the stocks to watch on Friday according to JF Apex Research.


The research house also expects Sarawak Cable, Yinson and TSR Capital to generate trading interest following their latest corporate news.


Asia Poly's Indonesian unit has obtained the environmental and location permits for its proposed 12 megawatt power capacity hydro-electric power plant in Aceh province.


Muhibbah Engineering has been awarded a RM189mil work package for the construction of the MRT Sungai Buloh-Serdang-Putrajaya line (MRT2).


Ahmad Zaki has bagged a RM138.38mil contract to build two academic buildings for the faculty of geosciences and petroleum engineering, as well as a Tenaga Nasional Bhd 33kv substation, at Universiti Teknologi Petronas (UTP) in Bandar Seri Iskandar, Perak.


Daya Materials has bagged a contract from Petronas Carigali Sdn Bhd for the provision of integrated production chemicals supply and services worth an estimated RM67mil.


Sarawak Cable has bagged a two-year contract valued at RM18.41mil from the Ministry of Health for helicopter services in the state.


Yinson’s 49%-owned joint venture (JV) unit PTSC Asia Pacific Pte Ltd (PTSC AP) will receive a termination fee of US$213.63mil (RM870.97mil) from Petrovietnam Technical Services Corp (PTSC) by Jan 26, 2018 for cancelling a bareboat charter contract.


TSR Capital is partnering Kwasa Land Sdn Bhd to develop a proposed residential development, which carries an estimated gross development value (GDV) of RM295mil, on 6.52 acres of land in the Kwasa Damansara township.


Meanwhile, US markets advanced overnight after several companies said they will spend tax cuts on higher wages and new construction.


Earlier, European stocks climbed after US Congress approved the change in tax bill.


“Following the optimism in US and European markets, the FBM KLCI is expected to be positive today and climb above the 1,750-point level,” JF Apex said.


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