Trading ideas: MRCB, Pensonic, Hibiscus, Perak Transit


KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB), Pensonic Holdings Bhd, Hibiscus Petroleum Bhd and Perak Transit Bhd are among the stocks to watch on Wednesday, according to JF Apex Research.


MRCB sells 70% of property project in Setapak to Lembaga Tabung Haji for RM100.1mil cash.


The group said the cash proceeds from the divestment would be utilised for working capital purposes and property development activities within 12 months from receiving the disposal consideration.


Pensonic is buying two parcels of freehold landing Klang land for for new warehouse for RM20.07mil cash.


Hibiscus moving closer to complete North Sabah Enhanced Oil Recovery production sharing contract.


Perak Transit, which operates Terminal AmanJaya in Ipoh, Perak, has received approval in principle for an RM8.014mil grant from the Government to facilitate the construction of a new public transport terminal in the state, Terminal Kampar.


Meanwhile, US markets dropped slightly overnight amid low trading volume as decline in Apple shares was offsetting by gains in energy counters following higher oil prices.


European markets were closed yesterday.


“Following the holiday season, the FBM KLCI is expected to remain flat and hover above 1,750 points,” JF Apex said.


Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
   

Did you find this article insightful?

Yes
No

Next In Business News

Depressed US dollar plumbs lowest levels in nearly 3 months, FOMC minutes awaited
UMW Q3 net profit slips to RM101mil
GDex to expand warehouses, distribution centres and fleet
MPI registers 50% jump in Q1 net profit�
Top Glove sees demand doubling when vaccines ready by year-end
MMC Corp posts lower earnings in Q3�
Higher retail margin lifts AEON earnings in Q3
Prestar’s 3Q net profit jumps 132% to RM5.2mil
Builder IJM sees encouraging outlook after improved Q2 results�
KLCI bounces back, Public Bank, Telekom advance

Stories You'll Enjoy