Trading ideas: Crest Builder, Pasukhas, Tien Wah, PUC, Comintel

KUALA LUMPUR: JF Apex Research expects Crest Builder Holdings Bhd , Pasukhas Group Bhd , Tien Wah Press Holdings Bhd , PUC Bhd and Comintel Corp Bhd to be among the stocks to watch today.

Crest Builder has secured a contract for construction works in Petaling Jaya worth RM117.8mil.

Pasukhas has bagged construction works worth a combined RM41.3mil from Paramount Property Construction Sdn Bhd for a hotel and serviced apartments in Shah Alam, Selangor.

Tien Wah Press has terminated a joint venture agreement with Vietnamese company, Dong Nai Food Industrial Corp (Dofico), as the latter’s failure to deliver had caused losses.

PUC's wholly-owned subsidiary Founder Qube Sdn Bhd (FQ) and Advwhere Ltd has established a partnership, under which FQ gains the exclusive right from Advwhere to market the Cloudbreakr Technology in Malaysia, Indonesia and Singapore to media partners and advertisers.

Comintel has declared a special dividend of 45 sen per share to reward shareholders following the sale of its wholly-owned unit, BCM Electronics Corp Sdn Bhd, for RM123.8mil.

Meanwhile, US markets staged a rebound as the Federal Reserve commenced its two-day monetary policy meeting, with most market participants expecting a rate hike.

The Dow Jones industrial average rose 116.36 points to close at 24,727.27 while the S&P 500 gained 0.2% to end at 2,716.94.

Similarly, European stock climbed with investors expecting a rate hike by the Fed.

“Following the positive performance in the US and Europe, the FBM KLCI could follow suit and extend its surge towards the resistance of 1,880 points,” JF Apex said.

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