KUALA LUMPUR: Stocks to watch for on Wednesday include Pestech, Deleum, Ann Joo
, Tan Chong and OpenSys, according to JF Apex Research.
The research house said Pestech has bagged a RM399mil sub-contract from Syarikat Pembenaan Yeoh Tiong Lay Sdn Bhd to undertake engineering, procurement, construction and maintenance works relating to the electrification system for the electrified double track from Gemas to Johor Baru.
Meanwhile, Deleum has bagged two contracts from Petronas Carigali Sdn Bhd for the provision of integrated corrosion solution and one contract from Sarawak Shell Bhd and Sabah Shell Petroleum Co Ltd for oilfield services.
Ann Joo received an additional award of RM25.21mil from the Kuala Lumpur Regional Centre for Arbitration's Arbitral Tribunal.
Tan Chong is venturing into property investment by taking up a 24.5% stake in Comit Communication Technologies (M) Sdn Bhd (CCT), which owns a piece of leasehold industrial land in Section 13, Petaling Jaya from Warisan TC for RM13.24mil
OpenSys will be rolling out more than 500 units of OKI Cash Recycling ATMs (CRMs) worth RM36mil at Public Bank, Bank Islam, RHB Bank and other major banks in the third quarter of this year.
On the global equities scene, JF Apex said US markets ended mixed with the Dow and S&P declining after President Trump's hard stance on trade policy while the Nasdaq registered slight gains.
EUropean stocks advanced, led by oil and mining counters, after oil prices hit a four-year high.
"Following the mixed performance in the US and Europe, the FBM KLCI could remain sideways and hover below the resistance of 1800 points," it said.
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