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Trading ideas: Bina Darulaman, Metronic Global, Ahmad Zaki, Sapura Energy


KUALA LUMPUR: JF Apex Research expects Bina Darulaman Bhd , Metronic Global Bhd , Ahmad Zaki and Sapura Energy Bhd to be among the stocks to watch on Tuesday.


Bina Darulaman has won a one-year extension of its state road maintenance contract with the Kedah government worth RM70mil.


Metronic Global has been awarded 4.73 million Saudi Arabian riyals (RM5mil) in an adjudication proceeding against Ahmad Zaki.


Sapura Energy said it has discovered its ninth gas exploration well in offshore Bintulu, Sarawak following the completion of its drilling campaign within Block SK408 in 2017.


Meanwhile, US markets edged slightly higher ahead of US-North Korean summit in Singapore as well as the Federal Reserve's two-day meeting.


The Dow Jones industrial average finished 5.78 points higher at 25,322.31 while the S&P 500 rose 0.11% to close at 2,782.


Earlier, European stocks advanced with the Italian market being the top performer as banking stocks rose ahead of central banks interest rate decision this week.


“Following the positive performance in the US and Europe, the FBM KLCI could remain buoyed with resistance at 1,800 points,” JF Apex said.


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