Trading ideas: GFM, Supermax, EA Technique, Petra Energy, Gas Malaysia


KUALA LUMPUR: JF Apex Research expects GFM Services Bhd, Supermax Corp Bhd , Petra Energy Bhd , E.A Technique (M) Bhd) and Gas Malaysia Bhd to be among the stocks to watch today.


GFM secured a RM33.4mil contract to provide integrated facilities management (FM) services for Perkeso’s Rehabilitation Centre in Melaka.


Supermax's contact lens division has been approved by Japanese authorities to export its products to Japan.


EA Technique won a 3-year contract from Petronas to provide Fast Crew Boat services by Petronas Carigali Sdn Bhd.


Petra Energy received a 1-year extension on its contract with Petronas for the provision of provision of hook-up, commissioning and topside major maintenance services.


Gas Malaysia announced the government has approved natural gas tariff hike for non-power sector in Peninsular Malaysia


Meanwhile, US markets declined overnight after the Federal Reserve raised interest rates.


The Dow Jones industrial average fell 119.53 points to finish at 25,201.20 while the S&P 500 lost 0.4% to close at 2,775.63.


European ended higher ahead of meetings by central banks in Europe and Japan.


“Following the bearish performance in Wall Street, the FBM KLCI is expected to remain pressured with support at 1,750 points,” JF Apex said.


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