ADVERTISEMENT

Trading ideas: TM, TNB, MBSB, Caely, UMW O&G


KUALA LUMPUR: Telekom Malaysia Bhd , Tenaga Nasional Bhd , Malaysia Building Society Bhd (MBSB) and Caely Holdings Bhd are among the stocks to watch on Wednesday, according to JF Apex Research.


The research house also expects UMW Oil & Gas, Carimin Petroleum, Dayang, Deleum, Petra Energy, and Sapura Energy to see trading interest following their latest corporate news.


Telekom Malaysia and Tenaga Nasional have signed a Memorandum of Understanding to jointly develop an implementation plan to deliver the government’s Nationwide Fiberisation Plan.


MBSB is planning to rollout up to RM700mil in financing for the development of eight more Federal Territories Affordable Housing (Rumawip) projects.


Caely has proposed a bonus issue of 40 million warrants on the basis of one warrant for every two existing shares held to reward its shareholders.


UMW Oil & Gas has secured a three-year umbrella contract from Petronas Carigali Sdn Bhd for the provision of hydraulic workover units.


Carimin Petroleum, Dayang, Deleum, Petra Energy, and Sapura Energy had been awarded contracts by Petronas Carigali Sdn Bhd to provide maintenance, construction and modification services at its offshore facilities in peninsular Malaysia, Sabah and Sarawak.


Meanwhile, US markets ended lower after surrendering intraday gains following concerns of a government shutdown.


Earlier, European stocks ended slightly higher after strong corporate earnings.


JF Apex said following the pullback from last month's rally, the FBM KLCI was expected to consolidate and hover sideways above the support of 1,800 points.


Analyst Reports

   

ADVERTISEMENT